LianLian Pay taps global e-commerce growth

CEO Guodong Pan tells FinanceAsia how the Chinese third-party payment solutions provider is investing big to support cross-border e-commerce.

LianLian Pay taps global e-commerce growth

A taxi driver taps on her ride-hailing app after dropping off a client and collects her taxi fare digitally. It is a scenario so common that it probably happens in the world’s most populous country every minute, if not every second.

Behind this seemingly simple transaction is a long list of processing procedures including identity verification, payment authorisation, data transfer and encryption, clearing and settlement, among others.

As a pure-play...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: lianlian pay | fintech | startup | china | fig | sequoia

Print Edition

FinanceAsia Print Edition