Lianlian DigiTech Co., Ltd. (hereafter referred to as "Lianlian DigiTech") was founded in 2009. As a leader in China digital payment solution market and an enabler of global commerce digitalization, Lianlian DigiTech is one of the first digital technology companies in China to provide a full suite of payment solutions on a global scale.
Leveraging the global payment network built upon global license layout, proprietary technology platform and extensive network of partners, Lianlian DigiTech provides a full suite of digital payment services and value-added services to customers in China and around the world. The digital payment services include pay-in, pay-out, acquiring, foreign exchange, virtual card and payment aggregation.The value-added services include business services and technology services. Under business services, Lianlian DigiTech provides digital marketing, operation support (such as setting up stores on e-commerce platforms and arranging shipment) and referral services. Under technology services, Lianlian DigiTech provides account and e-wallet services and software development services.
Express (Hangzhou) Technology Services Company Limited (“LianTong”) is Lianlian DigiTech's joint venture with American Express, who is the first RMB transactions clearing joint venture granted the bank card clearing business licensed by the People's Bank of China in mainland China. Express Company has been authorized to expand its member institutions, as well as issue and accept American Express branded cards in mainland China.
As of June 30, 2024, Lianlian boasted a portfolio of 65 global payment licenses, empowering us to serve over 100 countries and regions and manage transactions in more than 130 currencies.In terms of digital payment services, for the six months ended June 30, 2024, the TPV of the
Lianlian’s digital payment business reached RMB1.57 trillion, representing a year-on-year growth
of 120.1%. According to Frost & Sullivan, the Company ranked the first among the independent digital payment solution providers in China in terms of the TPV in 2022, with a market share of 9.1%.
