LianLian Global and PayPal Power Cross-Border Payouts for Social Commerce, Marketplace, and eCommerce Customers
LianLian Global partnered with PayPal (NASDAQ: PYPL) to enable direct wallet payouts for its social commerce, marketplace and e-commerce clients.
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LianLian Global partnered with PayPal (NASDAQ: PYPL) to enable direct wallet payouts for its social commerce, marketplace and e-commerce clients. Clients can now pay creators, influencers, developers and independent contractors through PayPal accounts in 96 markets and Venmo accounts in the U.S. The partnership combines LianLian Global's cross-border collection, foreign exchange and compliance infrastructure with PayPal's wallet network.
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For this partnership, LianLian Global clients can initiate PayPal payouts using a recipient’s email or mobile number, and Venmo payouts using a Venmo handle, even if the recipient does not already have a PayPal or Venmo account.
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Social commerce, marketplaces and eCommerce players served by LianLian Global can now pay creators, influencers, developers, and independent contractors directly to their PayPal and Venmo wallets.
The creator and gig economy runs on fast, low-friction payouts. Brands are expected to spend
Paypal Payouts is live in 96 global markets and 24 currencies. It allows merchants to send to any email address, mobile number, or Venmo user handle, with or without an existing PayPal or Venmo account.
To support enterprises expanding globally, LianLian Global provides digital payment services including pay-in, pay-out, acquiring, foreign exchange, virtual cards and payment aggregation. To date, its parent company Lianlian DigiTech has served more than 13.3 million clients. Its services reach more than 200 countries and regions, support transactions and settlement in more than 140 currencies, and connect with more than 180 global e-commerce platforms.
The partnership combines LianLian Global's cross-border collection, FX and compliance infrastructure with PayPal's global wallet network. Key offerings include:
- Pay to PayPal: Payouts from LianLian Global clients to PayPal account holders in 96 markets, using only the recipient's email or phone number
- Pay to Venmo: Domestic
U.S . payouts to Venmo users, including creators, influencers and independent contractors - PayPal Payouts for Platforms: Mass disbursements for social commerce, marketplaces and affiliate platforms paying large numbers of sellers, creators and contractors
- Speed to settle: Save time and money by eliminating check runs and postage; no need for routing numbers and bank accounts.
Sandra Lam, Deputy CEO of US at LianLian Global: "Social commerce is creating a new economy, where creators, influencers and independent sellers drive discovery and sales alongside the platforms they sell on. Paying these participants fast, across borders and in small amount is what powers the network effect of social commerce. We see our work with Paypal as a key step in building the payout rails for the global gig economy."
The collaboration expands LianLian Global's payout coverage and supports its growth in the
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SOURCE LianLian Global