Lianlian DigiTech Co., Ltd.

Leader in China digital payment solution market and enabler of global commerce digitalization

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.

For the year ended 31 December 2023, Lianlian boasted a portfolio of 64 global payment licenses, empowering us to serve over 100 countries and regions and manage transactions in more than 130 currencies. In 2023,the total payment volume (“TPV”) reached RMB2.0 trillion, and the number of active customers served reached 1.3 million. 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%.

Ranking of frequently used cross-border payment tools [1]
1
st
Payment licenses and qualifications
60
+
Accumulated number of merchants and enterprises served
3.2≈
m
Independent digital payment solution providers in China [2]
1
st
the total payment volume (“TPV”)[3]
2.0+
tn
Sino-foreign bank card clearing institution in China
1
st

[1] Source: ebrun.com - Cross-border e-Commerce Financial Service Report 2022
[2] Source: according to Frost & Sullivan,based on 2022 TPV(A total transaction payment volume)
[3] As of December 31, 2023

Milestones

2009

Lianlian Digitech was founded in Hangzhou City of Zhejiang Province

2011

Obtained the mobile and internet payment license from the PBOC and entered the third-party payments business

2013

LianLian launched mobile payment service for merchants

Became one of the first companies to enter cross-border eCommerce payment market

2014

Launched innovative vertical-specific mobile payments solutions

2016

Began global expansion and established our first overseas office in Hong Kong

2017

Set up our research institute by partnering with Zhejiang University

Initiated our operations in Hong Kong with MSO license

Entered into a joint venture agreement with affiliates of American Express Company to establish Express (Hangzhou) Technology Services Company Limited

2018

Continued global expansion and established presence in UK, Ireland and Brazil

2019

Won the 1st prize of Zhejiang Science and Technology Progress Award as recognition of our success in translating technical capabilities into innovative services

2021

Starlink Financial Technologies Pte. Ltd., one of our subsidiaries, became licensed as a Major Payment Institution by the Monetary Authority of Singapore

Obtained all-state level money transmitter licenses in the United States

2022

Launched new multi-currency wallet for U.S. e-commerce merchant

Have cumulatively been granted with 64 licenses and relevant qualifications

2023

Established a joint venture, namely Zhong Pu Lian Technology, with COSCO SHIPPING Logistics and Supply Chain Management Co., Ltd. and P&T Group

2024

Officially listed on the Main Board of the Hong Kong Stock Exchange

Obtained an electronic money institution licence (the “Licence”) from the Commission de Surveillance du Secteur Financier (the “CSSF”)