Lianlian DigiTech secures EMI license in Luxembourg

By Gloria Methri

Lianlian DigiTech, a Hong Kong-based specialist in digital payment solutions and global commerce digitalization, has secured an EMI License in Luxembourg.

The Electronic Money Institution license enables Lianlian DigiTech to broaden its services throughout Europe, augmenting its existing capabilities in fund collection and VAT processing for e-commerce merchants. The company is now poised to provide fund storage and withdrawal services, facilitating its clientele’s further expansion in Europe.

Furthermore, this development fosters partnerships with other industry leaders in the provision of comprehensive cross-border financial services, including e-wallets and currency exchange solutions.

“The attainment of the Luxembourg EMI License is a testament to our unwavering commitment to establishing a robust European market presence and propelling our global strategy forward,” said Jay Xin, CEO of Lianlian DigiTech. “We take immense pride in being recognized by the local regulatory bodies for our stringent adherence to high compliance standards and our expansive capabilities. This licensure heralds the commencement of an exciting new chapter as we fortify our partnerships in Europe and enhance our capability in offering high-quality localized one-stop service for cross-border commerce.”

Adhering to a ‘compliance-first, license-first’ ethos, Lianlian DigiTech has consistently prioritized globalization as a fundamental aspect of its growth trajectory. In its pursuit of global expansion, the company invested significantly in localization efforts, including the establishment of local offices, the formation of dedicated local teams, the procurement of local licenses, and the cultivation of partnerships with local institutions.

These endeavours lay a robust foundation for Lianlian DigiTech to amplify its global service capabilities and secure an enduring position in the international marketplace.