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Ripple Partners with LianLian International to Power Instant Payments to China
LianLian International, an international money service company licensed in Hong Kong, will use Ripple’s leading enterprise blockchain solution, xCurrent, to process real-time cross-border payments on behalf of merchants and consumers, including invoice payments and e-commerce payments, into China. The production agreement, signed today, will see LianLian International use RippleNet to process payments into China instantly, efficiently and at a low cost.
LianLian International will accept payments from overseas financial institutions using RippleNet, and disburse these payments to Chinese recipients. In addition, LianLian International will provide a connection service into China for other RippleNet members, supporting transaction flows between merchants and consumers in China and other markets — driving payment volumes higher.
“Cross-border payments related to China’s e-commerce market reached $1.07 trillion in 2017. There is a huge opportunity to make these payments quicker and more cost-efficient,” said Emi Yoshikawa, Director of Joint Venture Partnerships, Ripple. “With RippleNet, LianLian will now be able to provide merchants and consumers with on-demand payments, which they weren’t able to before. We look forward to connecting other RippleNet members to LianLian.”
Arthur Zhu, Chairman of the Board, LianLian International, said: “LianLian International is a leader in the payout experience both into and out of China, as evidenced by the large number of our merchants and partners. With RippleNet, we will further enhance that experience and increase our market share by offering customers instant, blockchain-powered payments across the 19 currencies that we currently support. We look forward to working with Ripple to power payment flows between China and RippleNet members in new markets.”
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Driftwood Hospitality Management Expands with Flywire to Streamline Guest Payments Throughout 90 U.S. Locations
Flywire Corporation (Nasdaq: FLYW), a global payments enablement and software company, today announced the expansion of its partnership with Driftwood Hospitality Management (“Driftwood”), a leading hotel management company, to deploy Flywire's hospitality solutions across nearly 90 U.S. hotel locations. Driftwood, an existing customer of Flywire’s solutions for payments, signatures and authorizations, is rolling out enhanced payments capabilities to further streamline guest transactions and back-office operations.
IVP Partners with Sigma to Deliver Real-Time Analytics for Alternative Asset Managers
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Octane Closes $350 Million Forward-Flow Agreement with Nuveen
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Tucson Federal Credit Union Partners with InvestiFi to Embed Digital Investing Solutions
InvestiFi, the award-winning digital investing solutions provider for financial institutions, has announced its partnership with Tucson Federal Credit Union (TFCU), embedding its InvestTech solutions into their existing online banking platform. With the new partnership, the credit union's members will have the ability to invest digitally in stocks and cryptocurrency directly from their checking accounts.
Mastercard Has Collaborated with Commercial International Bank (CIB) to Support Digital Payments Innovation
Mastercard and CIB, Egypt’s leading and largest private-sector bank, have renewed their partnership to support digital payments innovation and expand access to financial solutions in Egypt.
Abhi Collaborates with Alruqee Group to Offer Instant Salary Access
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Driftwood Hospitality Management Expands with Flywire to Streamline Guest Payments Throughout 90 U.S. Locations
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IVP Partners with Sigma to Deliver Real-Time Analytics for Alternative Asset Managers
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Octane Closes $350 Million Forward-Flow Agreement with Nuveen
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