LianLian International and Guavapay have signed a cooperation agreement to jointly create a convenient, efficient and secure global payment experience. The partnership enables people to send money to China through Guavapay’s payments app, MyGuava.
LianLian International and Guavapay have signed a cooperation agreement to jointly create a convenient, efficient and secure global payment experience. The partnership enables people to send money to China through Guavapay’s payments app, MyGuava.
LianLian International has announced that Guavapay has joined the LianLian Global Payout Service. On 3 July 2024, representatives from both companies attended a signing ceremony in Hangzhou to make the new cooperation agreement official.
Guavapay is a UK-based Small Electronic Money Institution, registered with the Financial Conduct Authority, which specialises in enabling cross-border cash and digital payments to meet customers' international transfer needs.
Guavapay is also home to the MyGuava App - a new and exciting way to make payments and manage your money. The MyGuava App provides accounts in 20 currencies, global fee-free transfers, remittances and virtual and physical debit cards. In addition, there are features such as cashback on eligible purchases, bill splitting and gift cards for friends and loved ones.
LianLian International is a brand that forms part of LianLian Digital, a Hong Kong-listed digital payments company. LianLian is committed to providing a connection path for every overseas transaction and to constantly breaking down boundaries by connecting users, trade and ecosystems to meet growing global payment needs.
Since its establishment, LianLian has built a licence portfolio consisting of more than 60 payment licences and related qualifications (including the UK API licence, Luxembourg EMI licence, and the US MTL licence). It has built a business network covering more than 100 countries and regions around the world, and successfully helped approximately 3.2 million merchants and enterprises to make digital payments.
The new agreement means that Guavapay will be connected to LianLian International's LianLian Global Payout Service (LGPS). This connects Guavapay to China through a unified API interface, meaning people can send payments to China through the MyGuava App and payments platform. In addition, users can enjoy a more transparent, secure, efficient, traceable and seamless global payment experience.
“Guavapay is delighted to have joined forces with LianLian International and realise our ambition to enhance our services by including the ability to send payments to China,” says Kamal Hasanov, CEO at Guavapay. “In the modern world, forging strategic partnerships is increasingly essential and this new agreement benefits both parties, as well as our customers, both now and in the future.”
A statement by LianLian International read: "This cooperation with Guavapay is an important step for us to enrich our global payment service network. We believe that with the vast knowledge of both parties in the field of cross-border payments and their respective insights into industry needs, we will be able to work together to bring a safer, more reliable and economical international payment experience to the majority of cross-border enterprises, and promote seamless global trade."
MyGuava application is owned and operated by Guavapay Limited, a company registered in England with company number 10601900 and its registered address at Salisbury House, 29 Finsbury Circus, London, EC2M 5QQ, United Kingdom. Guavapay Limited is registered with the Financial Conduct Authority in the United Kingdom as a Small Electronic Money Institution with reference number 900888. Guavapay Limited’s ICO registration number is ZA274504.
