HONG
KONG, May 26, 2024 /PRNewswire/ -- Lianlian
DigiTech Co., Ltd. ("Lianlian DigiTech" or the
"Company", HKEX: 2598), a leader in China digital payment solutions and global
commerce digitalization, today announced that the Company has been
granted the Electronic Money Institution License ("EMI
License") by the Commission de Surveillance du Secteur
Financier of Luxembourg. Acquiring
a Luxembourg EMI License marks another significant milestone in
Lianlian DigiTech's global growth story.
The EMI License enables Lianlian DigiTech to broaden its
services throughout Europe,
augmenting its existing capabilities in fund collection and VAT
processing for e-commerce merchants. The Company is now poised to
provide fund storage and withdrawal services, facilitating the
Company's clientele to further expand in Europe. Furthermore, this development fosters
partnerships with other industry leaders in the provision of
comprehensive cross-border financial services, including e-wallets
and currency exchange solutions.
"The attainment of the Luxembourg EMI License is a testament to
our unwavering commitment to establishing a robust European market
presence and propelling our global strategy forward. We take
immense pride in being recognized by the local regulatory bodies
for our stringent adherence to high compliance standards and our
expansive capabilities. This licensure heralds the commencement of
an exciting new chapter as we fortify our partnerships in
Europe and enhance our capability
in offering high-quality localized one-stop service for
cross-border commerce." commented Mr. Jay
Xin, CEO of Lianlian DigiTech.
Adhering to a "compliance-first, license-first" ethos, Lianlian
DigiTech has consistently prioritized globalization as a
fundamental aspect of its growth trajectory. In its pursuit of
global expansion, the Company invested significantly in
localization efforts, including the establishment of local offices,
the formation of dedicated local teams, the procurement of local
licenses, and the cultivation of partnerships with local
institutions. These endeavors lay a robust foundation for Lianlian
DigiTech to amplify its global service capabilities and secure an
enduring position in the international marketplace.
About Lianlian DigiTech
Lianlian DigiTech Technology Co., Ltd. ("Lianlian DigiTech") was
founded in 2009, providing a full suite of digital payment services
and value-added services to customers in China and around the world.
As of December 31, 2023, Lianlian
DigiTech had built a global license layout consisting of 64 payment
licenses and relevant qualifications, serviced covering
more than 100 countries and regions, and supporting transactions in
over 130 currencies.
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SOURCE Lianlian