Lianlian Secures DFSA Licence, Expanding Payment Services in Dubai

Post by : Bianca Suleiman

Lianlian DigiTech Co., Ltd., renowned for its innovative AI-driven digital payment solutions, has been granted a payment services licence by the Dubai Financial Services Authority (DFSA). This licence enables the company to operate from the Dubai International Financial Centre (DIFC), a notable financial hub for the Middle East, Africa, and South Asia (MEASA).

This milestone is pivotal for Lianlian’s strategy to expand globally, significantly enhancing its footprint in the Middle East. With this official licence, the firm is transitioning from a market entry phase to establishing a fully licensed regional headquarters in Dubai.

Operating from DIFC, Lianlian's focus is to elevate cross-border payment and settlement services for both Middle Eastern and international markets. The company aims to partner with local banking institutions to offer faster, localized, and efficient payment solutions tailored for businesses.

Additionally, Lianlian is set to enhance its transaction and settlement frameworks to ensure cross-border financial services are more stable, secure, and trustworthy. These initiatives will facilitate smoother international payment processes as businesses navigate both entry into and exit from the Middle East.

Emily Zhou, the General Manager for UAE operations at Lianlian, emphasized the Middle East's vital role in facilitating trade and financial connections among Asia, Europe, and Africa. She described the DFSA licence as a crucial achievement in the firm’s strategy for global localization.

Zhou further noted that Lianlian will enhance collaborations with local financial entities and ecosystem partners to fortify the regional payment network and address increasing global payment demands.

Salmaan Jaffery, DIFC Authority’s Chief Business Development Officer, welcomed Lianlian’s growth in the region, highlighting that the company’s proficiency in cross-border transactions will support businesses relying on precise and compliant payment infrastructures.

Jaffery remarked that Lianlian’s operations contribute to DIFC’s growing reputation as a hub for Chinese enterprises and underscore its status as one of the preeminent fintech centres worldwide.

Recently, Lianlian unveiled plans to evolve into an AI-native global financial infrastructure provider, aligning with DIFC’s vision of being the world’s first AI-native financial centre.

The company currently holds 68 payment licences and associated qualifications across various international markets, with a payment network that extends across over 100 countries.

With its new operations in DIFC, Lianlian aims to enhance connections among China, the Middle East, and global markets through reliable and compliant cross-border payment infrastructure.

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