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.

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