Lianlian Achieves DFSA Licence to Enhance Payment Services in UAE

Lianlian DigiTech Co., Ltd., a prominent player in AI-driven digital payments, has successfully obtained a payment services licence from the Dubai Financial Services Authority (DFSA). This licence enables the company to operate from the Dubai International Financial Centre (DIFC), a leading financial hub in the Middle East, Africa, and South Asia (MEASA).

This approval signifies an essential milestone in Lianlian's ambition for global expansion and solidifies its foothold in the Middle East. The company is transitioning its regional operations from mere market entry to establishing a fully licensed regional headquarters within Dubai.

By leveraging its operations from DIFC, Lianlian seeks to enhance its cross-border payment and settlement services throughout the Middle East and beyond. The company intends to collaborate closely with local banking partners to deliver fast, localized, and efficient payment solutions for businesses.

Lianlian also aims to optimize its transaction and settlement systems, ensuring that cross-border financial services remain stable, secure, and dependable. These initiatives are geared towards enabling businesses to manage international payments more smoothly while facilitating expansion into and out of the Middle East.

Emily Zhou, the General Manager for UAE at Lianlian, emphasized the Middle East's crucial role in bridging trade and finance across Asia, Europe, and Africa. She noted that obtaining the DFSA licence is a vital milestone in the company's global localization strategy.

Additionally, Zhou mentioned that Lianlian would continue to foster partnerships with local financial institutions and ecosystem stakeholders to reinforce the regional payment framework and cater to the increasing demands of global payment solutions.

Salmaan Jaffery, the Chief Business Development Officer at DIFC Authority, expressed support for Lianlian's growth in the region. He highlighted that the company's expertise in cross-border transactions will be invaluable to businesses relying on efficient and compliant payment infrastructures.

Jaffery also stated that Lianlian's establishment further enhances DIFC's stature as a key hub for Chinese enterprises and underlines its rising reputation as one of the leading fintech centers globally.

Recently, Lianlian revealed its goal to evolve into an AI-native global financial infrastructure company, aligning with DIFC's vision to become the world’s premier AI-native financial center.

Currently, Lianlian possesses 68 payment licenses and related qualifications across key global markets. Its payment network spans over 100 countries and regions worldwide.

Through its new operations in DIFC, Lianlian aims to enhance connectivity between China, the Middle East, and global markets through secure and compliant cross-border payment infrastructure.