Thredd, a global payments processor, has successfully launched LianLian Global’s virtual card programme in the APAC market.

A cross-border payments company based in China, LianLian Global specialises in delivering seamless cross-border funds settlement services with instant payouts.

LianLian Global has chosen Thredd to power its Yueda virtual card product, which serves customers across industries such as e-commerce, international B2B trade, and travel.

This partnership enhances the management of international operations with the speed, security, and simplicity of global fund transfers via card payment rails.

Thredd has announced the successful launch and outlined plans for geographic expansion with LianLian Global over the next 12 months.

LianLian Global plans to expand into the UK, EU, and U.S.

Tim Shen, Co-CEO, LianLian Global said,

“Utilising Thredd’s virtual card issuing capabilities we will be able to deliver on our ambitious growth plans for 2024 and beyond. We have already secured payments licences covering eight major markets including mainland China, Hong Kong China, Singapore, the U.S., the U.K., Luxembourg, Thailand, and Indonesia.

We are delighted to find a partner in Thredd who can support us with virtual cards that will ensure that no matter where a client needs to send a payment, it will be supported. Access to a local team of experts who speak our language has made the implementation and ongoing operations seamless.”

Jim McCarthy, CEO, Thredd added,

“We are pleased to support the growth of one of Hong Kong’s leading payments businesses, ensuing that LianLian Global customers’ B2B payments flow smoothly regardless of geography or currency.

It was an honour to be able to meet their wider team recently in Hangzhou and experience first-hand how our solutions are helping to overcome the challenges associated with cross-border payments in the region.“

This announcement follows Thredd’s recent partnership with TerraPay to support virtual card payments in the travel industry and their expansion into the U.S. market with a new client, Spendbase, set to launch in Q4.

Featured image credit: Edited from Freepik