Lianlian DigiTech secures EMI license for European expansion

Tuesday 28 May 2024 11:02 CET | News

Lianlian DigiTech, a company specialising in digital payment solutions and global commerce digitalisation, announced it has been granted the Electronic Money Institution (EMI) License in Luxembourg.

This represents a significant step in Lianlian DigiTech's international expansion. The EMI License will allow Lianlian DigiTech to extend its services across Europe, enhancing its existing offerings in fund collection and VAT processing for e-commerce merchants. The company can now provide fund storage and withdrawal services, supporting its clients' growth in Europe. 

Additionally, this development enables the company to collaborate with other industry leaders to offer comprehensive cross-border financial services, including e-wallets and currency exchange solutions.


Commitment to globalisation

Lianlian DigiTech adheres to a ‘compliance-first, license-first’ approach, emphasizing globalization in its growth strategy. The company has invested in localization efforts by establishing local offices, forming resolute local teams, obtaining local licenses, and partnering with local institutions. These measures aim to strengthen its global service capabilities and secure its position in the international market.

Founded in 2009, Lianlian DigiTech provides a range of digital payment and value-added services to customers globally. As of 31 December 2023, the company holds 64 payment licenses and qualifications, serves more than 100 countries and regions, and supports transactions in over 130 currencies.

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Keywords: EMI licence, digital payments, compliance, global hub
Categories: Payments & Commerce
Countries: Europe
This article is part of category

Payments & Commerce