- LianLian Global has confirmed the launch of a new global supplier guarantee designed to boost the quality of payment services.
- Under this system, users can be certain that the money they have transferred has been sent to the right place.
- “We have invested in an end-to-end solution, and own all of our payment licenses, to remove all the middlemen and correspondent banks from the transaction process,” said a senior figure at LianLian Global.
LianLian Global, an operator in the international money transfer space, has confirmed the launch of a new global supplier guarantee as part of a push to smooth out the payments process in a major market.
The firm said that the new offer will apply in particular to China, and was designed to boost the quality of payment services.
The offer from the company sees a guarantee added to the firm’s digital wallet offer.
Under this system, users can be certain that the money they have transferred has been sent to the right place.
According to press reports, this is the first such guarantee on offer in the market.
LianLian Global was set up back in 2004 and is known for not employing what are often referred to in the sector as middlemen.
There is no correspondent banking involved in its workflow and costs are, as a result, reduced.
“LianLian Global has years of experience, deep domain knowledge, and technology assets and capabilities in China,” said David Messenger, the executive chairman of LianLian Global.
“This makes us the ideal partner to help international companies and online sellers manage payment risks when dealing with business partners in the country.
“We have invested in an end-to-end solution, and own all of our payment licenses, to remove all the middlemen and correspondent banks from the transaction process,” he said.
“This ownership allows LianLian Global to offer the world’s first cross-border payments guarantee to China at unrivalled speeds and extremely competitive prices.”
The fast money transfer space is a key one for people and firms looking to make transfers across borders. Why not visit our money transfer reviews section to get more details about what the sector can do for you – including potentially securing you a new supplier
