Anyone with experience with LianLian Global, Thunes, XTransfer, Welab?

[thomasparra]

I heard from my network of these EMIs/crossborder/merchant payment platforms growing massively in Asia. I have heard of others (Gcash in the Philippines, Flip in Indonesia) but more localized and I'm not sure they are really targeting global customers.

Has anyone used/heard of these companies before? Anyhow, I'm happy to provide these names to other OCT members who could benefit from additional EMI options to consider.

 

[linusAG]

I have a good connection with LianLian Global and XTransfer. Their headquarters are based in China, and they have licenses globally.

They prefer onboarding companies that engage in international physical trade.
For example, timber import and export, small commodity trade (search for Yiwu, China) and electronics import and export.
Sometimes, they also take on high-risk clients, such as those with Turkish residency.

Welab Bank is a licensed Virtual Bank in Hong Kong, just like N26 in Europe.
But As what I know, they only onboarding Hong Kong or mainland, China individual residents

I have some FI partners use Thunes to process international transfers, but I don't have direct experience.

 

[Forester]

From what I recall, similar to LianLian are PingPong, Panpay and Sunrate ”“ all China based EMIs, I think. Yet I possess no detailed information. Perhaps @linusAG might be able to comment more...

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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂

If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...

 

[linusAG]

Forester said:
From what I recall, similar to LianLian are PingPong, Panpay and Sunrate ”“ all China based EMIs, I think. Yet I possess no detailed information. Perhaps @linusAG might be able to comment more...
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Should I post a new thread to discuss all the China-based Payment Companies?

 

[EliasIT]

linusAG said:
Should I post a new thread to discuss all the China-based Payment Companies?
Click to expand...

yes, don't post it here unless it has relevance to the discussed processors.

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If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability!
My personal favorite thread posted in the Mentor Group. Group of investment companies to avoid licensing.

 

[Forester]

linusAG said:
Should I post a new thread to discuss all the China-based Payment Companies?
Click to expand...

It would be really appreciated 🙂
A lot of us is not much familiar with them, I guess.

EliasIT said:
yes, don't post it here unless it has relevance to the discussed processors.
Click to expand...

I agree.

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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂

If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...

 

[linusAG]

Forester said:
It would be really appreciated 🙂
A lot of us is not much familiar with them, I guess.
Click to expand...

I will post one this weekend to share more info😉

 

[daniels27]

I started with an introduction here:
https://www.offshorecorptalk.com/threads/chinese-payment-companies.46833/

I don't want to stead the thread. Is there a way to put this as a ressource or something where everybody can edit? Otherwise, maybe @Forester can lock it and @linusAG can take it over and integrate it into the new article?

 

[linusAG]

daniels27 said:
I started with an introduction here:
https://www.offshorecorptalk.com/threads/chinese-payment-companies.46833/

I don't want to stead the thread. Is there a way to put this as a ressource or something where everybody can edit? Otherwise, maybe @Forester can lock it and @linusAG can take it over and integrate it into the new article?
Click to expand...

@Forester Could you help me edit it or post it as a resource?

 

[Forester]

daniels27 said:
I started with an introduction here:
https://www.offshorecorptalk.com/threads/chinese-payment-companies.46833/
Click to expand...

Interesting, really appreciated.

daniels27 said:
I don't want to stead the thread. Is there a way to put this as a ressource or something where everybody can edit? Otherwise, maybe @Forester can lock it and @linusAG can take it over and integrate it into the new article?
Click to expand...

Well, let @linusAG have a look at it. Generally, (almost 😉 ) anything is possible. To create a resource/article, merge posts into a new one, etc.

Say (@linusAG) what you consider more adequate to the intended content and we'll manage it somehow.

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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂

If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...

 

[alain]

thomasparra said:
Has anyone used/heard of these companies before? Anyhow, I'm happy to provide these names to other OCT members who could benefit from additional EMI options to consider.
Click to expand...

I don't understand it, what names you want to provide to other members?

Beside that, did you tried them in the meantime to get a picture about their support, workflow and operation?

 

[Nigital Domad]

@linusAG who do you like in the pacific rim EMI space that also offers a physical card?