Beijing, China, April 24, 2025 – LianLian Global and Veem have officially entered into a strategic partnership to jointly build a one-stop cross-border payment and collection service for global B2B buyers and sellers. Through technological innovation and resource integration, LianLian Global aims to redefine the cross-border payment experience. 

By combining Veem’s expertise in Western markets with LianLian Global’s strengths as a versatile and innovative fintech leader, this partnership bridges critical gaps in global commerce. Through deep product integration, users of either platform can seamlessly access cross-border payment and collection services within their local environments. This unlocks new transaction scenarios and enables a broader range of customers—from emerging startups to established enterprises—to transact more efficiently, securely, and without friction.

To further empower clients, both parties will offer negotiated preferential pricing for new customers under this partnership model, reducing the cost of cross-border business and helping enterprises expand into global markets with ease. Additionally, LianLian Global and Veem will launch joint marketing campaigns to acquire customers collaboratively, share resources, and strengthen brand influence—all while advancing our shared mission of “making cross-border payments simpler.”

Looking ahead, the two companies will continue exploring innovative opportunities in cross-border payments, keeping user needs at the core. Together, we will provide smarter, more flexible financial infrastructure for global businesses and drive the prosperity of international trade.

About LianLian Global 

LianLian Global, as a core cross-border payment brand of Lianlian DigiTech (Stock Code: 2598.HK), is a comprehensive and innovative enterprise in cross-border finance and services in China. With strong compliance strength and technological innovation capabilities, LianLian Global has built a global financial network to reach the world and a trade service network to cover the entire life cycle of merchants. Focusing on the core needs of cross-border enterprises, LianLian Global, together with industry eco-partners, has created a one-stop cross-border trade service platform that integrates store opening assistance, global funds collection, global acquiring, global payout, Lianlian FX[1], Lianlian financing service platform[2], tax refund assistance and other services to help Chinese brands expand their overseas markets. 

[1] The exchange rate of LianLian Global FX business is provided by partner banks

[2] The financing products and corresponding contents displayed on the Lianlian financing service platform are provided by relevant licensed institutions

About Veem（Provided by VEEM）

Trusted by more than 1.1M users in over 100 countries, Veem is the market leader in automating accounts payable and receivable for businesses. On a mission to simplify payments, Veem has revolutionized the way businesses pay and get paid around the world by empowering business owners, accountants, and others to take control of their payment processes. Designed with data security and privacy in mind, Veem adheres to strict compliance, privacy, and data protection practices—ensuring secure, reliable transactions every step of the way.

At the Money20/20 Asia Summit, LianLian Global announces strategic partnerships with Veem and 12 Victory, and shares the latest updates on its global expansion.

LianLian Global signs strategic cooperation agreements with Veem and 12 Victory, jointly advancing the vision of a borderless payment future.

Tim Shen, CEO of LianLian Global, speaks at Money20/20 on building seamless payment systems.

From April 22–24, the annual flagship event for the global fintech industry—Money20/20 Asia—took place in Bangkok, Thailand. LianLian Global, a leading brand under Lianlian DigiTech, was once again invited to participate, joining international thought leaders to share insights into its globalization efforts and how payment innovation is enabling cross-border businesses to scale worldwide.

During the event, LianLian Global signed high-profile strategic agreements with Veem and 12 Victory, working together to shape a future of truly borderless payments. CEO Tim Shen and Michele Feng, Head of LianLian Global Hong Kong, also joined panels alongside top executives from global financial institutions to explore cutting-edge trends and innovations in the fintech space.

Expanding Our Global Partner Network: LianLian Global Signs Strategic Agreements with Veem and 12 Victory

On April 23 at the Money20/20 Asia Summit, LianLian Global signed strategic cooperation agreements with Veem, a B2B cross-border payment platform, and 12 Victory, a remittance service provider. The signing ceremony was attended by Tim Shen, CEO of LianLian Global, Marwan Forzley, CEO of Veem, and Chanaporn Poonsuphirun, Chairman and President of 12 Victory.

Under the agreement, LianLian Global and Veem will collaborate on technology innovation and resource integration to jointly deliver an efficient, secure, and cost-effective one-stop cross-border payment solution for global B2B buyers and sellers.

In partnership with 12 Victory, LianLian Global will launch a new remittance service by integrating its LianLian Global Payout Service (LGPS) into 12 Victory’s offerings. Leveraging LianLian’s global payment network, the partnership aims to provide seamless, secure, transparent, and efficient remittance solutions from Thailand to China for various customer segments, including B2B, C2C, and B2C.

About LianLian Global
LianLian Global is the international brand of Lianlian Digitech, a Hong Kong-listed digital payment company. Committed to enabling every type of global business expansion, LianLian Global provides integrated cross-border solutions across payment, global acquiring, global disbursement, and foreign exchange services. The company serves a wide range of clients—including cross-border eCommerce businesses, platforms, institutions, trade companies, and educational service providers—with over 5.9 million customers to date.

Launched in July 2024, the LianLian Global Payout Service (LGPS) is a unified global payment product designed to help international PSPs (Payment Service Providers), banks, and licensed financial institutions process payments to China and other regions efficiently and securely via a single API—ensuring faster, safer, and more reliable fund flows.

About Veem and 12 Victory
Veem is a cross-border payment platform serving small and medium-sized enterprises worldwide, with over 1.1 million users across 100+ countries.
12 Victory is a remittance platform offering competitive exchange rates and supports transactions in more than 30 different currencies, helping customers send money globally with ease.

Veem stated:

“Our partnership with LianLian Global perfectly aligns with our mission to build smarter global payment infrastructure. By combining Veem’s expertise in Western markets with LianLian’s innovation in digital payments and fintech, this collaboration helps bridge global commerce gaps and unlock a new, frictionless cross-border payment experience for businesses of all sizes—from startups to established enterprises.”

12 Victory shared:

“China and ASEAN are key engines of global economic growth. Thailand, as a central trade hub within ASEAN, naturally serves as a vital bridge to China. As bilateral trade continues to surge, the demand for international remittances will also rise. This partnership with LianLian Global has enabled us to offer remittance services from Thailand to China, significantly expanding our global service footprint.”

Tim Shen, CEO of LianLian Global, commented:

“As we support the high-quality development of service trade and deepen our global footprint, LianLian Global remains committed to open collaboration. We continue to build strategic trust with top-tier partners worldwide to create a seamless, borderless payment ecosystem—breaking down trade barriers and delivering faster, more localized global payment experiences for businesses on both ends of every transaction.”

Industry Leaders Weigh In: LianLian Global CEO Tim Shen Shares Vision for Seamless Payment Infrastructure

As global payments continue to evolve, building resilient infrastructure through innovation and strategic collaboration has become a major focus.

On April 23, Tim Shen, CEO of LianLian Global, took the stage at Money20/20 Asia in Bangkok alongside notable industry leaders such as Changbin Wang, VP and Managing Director at American Express, James Teodorini, Head of APAC at Thunes, and Lisa Kienzle, Senior Director of Strategic Partnerships at Ripple. Together, they explored how innovation and partnership can power the next generation of cross-border payment systems.

Tim Shen emphasized that the rapid growth of new business models—especially cross-border eCommerce—is reshaping the global payments landscape, bringing both new demands and opportunities.

“For cross-border eCommerce, the transactions are often small, frequent, and fragmented, with operations spanning multiple platforms, regions, and currencies. These businesses also face a wide variety of local regulatory requirements,” said Shen. “As a core infrastructure provider, we must offer a seamless, one-stop global payment solution that allows businesses to manage all markets and funds through a single account.”

Thanks to Lianlian Digitech’s extensive global licensing footprint, proprietary technology platform, and broad partner ecosystem, LianLian Global offers integrated account-based payment solutions tailored to diverse business types—from eCommerce and B2B trade to service exports. Through a unified interface, clients can handle global collection, disbursement, multi-channel fund distribution, and foreign exchange—all with security and efficiency.

So, how can partnerships, technology, and compliance expertise come together to create truly seamless global payment systems?

According to Shen, two key pillars are essential:

1. A strong global network of partners.
   LianLian Global has established deep collaborations with leading institutions like Thunes, TerraPay, Standard Chartered, Citi, and Visa, enabling the creation of a globally interconnected infrastructure that delivers smarter, more seamless payment solutions.
2. Security and compliance.
   This includes robust payment licensing and an AI-powered risk control platform to ensure a secure, compliant environment for global transactions.

As of December 31, 2024, Lianlian Digitech had built a network of 65 global payment licenses and certifications, including a VATP license issued by Hong Kong’s Securities and Futures Commission. The company has also developed a proprietary technology platform tailored to the complexities of international trade—offering clients integrated services covering payments, transfers, fund distribution, intelligent forex management, and risk mitigation.

Looking ahead, Shen highlighted the importance of global trust as a key enabler for sustained business growth.

“Trust from markets and users is built through compliance, local capabilities, and technological innovation. Trust from partners comes through collaborative development of interoperable systems that integrate payment networks, streamline operations, and break down cross-border payment barriers.”

“In today’s deeply interconnected economy, we look forward to partnering with banks, payment providers, and financial service institutions around the world to build a scalable and sustainable cross-border payments ecosystem.”