Visa and LianLian Global launch Yueda card, a global business payment product, to further facilitate cross-border business payments

BEIJING, Nov. 26, 2024 /PRNewswire/ -- Today, Visa, the world's leading digital payment brand, and LianLian Global announced at the 2024 China International Supply Chain Expo (hereinafter referred to as "CISCE") that they will deepen their cooperation and launch the global business payment product Yueda Card, providing comprehensive cross-border business payment experiences for LianLian Global customers. Through LianLian Global's innovative capabilities and Visa's global payment network, corporates and SMEs can use the Visa digital business card issued by LianLian Global to complete cross-border payments online efficiently, conveniently and securely. This service will fulfill the cross-border payment needs in various scenarios from global e-commerce sellers, foreign trade companies, online travel platforms and travel agencies, travel management companies, advertising agencies, supplier payments, etc.

China's cross-border e-commerce market has huge scale and development potential. Data^[1] from General Administrator of Customs show that in the first three quarters of 2024, China's cross-border e-commerce import and export volume was 1.88 trillion Yuan, a year-on-year increase of 11.5%, which was 6.2 percentage points higher than China's overall foreign trade growth rate in the same period. According to the "Visa China Small, Medium and Micro Enterprises Cross-border Payment Pain Points Report"^[2], 50% of companies said they faced the problem of "uncertainty in accepting accounts" when making cross-border corporate payments. That is, when companies process cross-border corporate payments, it is impossible to confirm whether the beneficiary receives the money. Followed by 45% of companies believe that "fee collection cannot be predicted", 44% of companies think that "transaction time cannot be predicted", etc. Security issues such as "fraud risks in transactions" and "processing and investigation of abnormal transaction issues take too long" are also pain points considered by business owners.

In response to the pain points of cross-border enterprises in global payment, LianLian Global has deepened its strategic partnership with Visa, become a Visa issuing membership and launched the Yueda Card, a global business payment product. The product provides a series of digitalized experiences such as online top-up, multi-currency settlement and online invoices, helping corporates and SMEs complete online cross-border payments more efficiently and securely than traditional, time-consuming manual payment and accounting approach. It helps customers reduce costs, increase efficiency, and optimizes the management of corporate cash flow.

Shirley Yu, Group General Manager of Visa Greater China, said: "As the world's leading digital payments company, Visa is pleased to deepen our cooperation with LianLian Global, China's leading cross-border payment solution provider. According to "The Growth Corporates Working Capital Index 2024"^[3] by Visa, working capital is the foundation for businesses' growth and success. Through Visa's global payment network and LianLian Global's innovative technology, we jointly launch a digital solution that is more suitable for various cross-border business payment scenarios and improves working capital efficiency. We believe that this solution can truly help cross-border merchants solve payment problems and will also accelerate the development process of cross-border payment service ecosystem."

Tim Shen, Senior Vice President of LianLian Digital and co-CEO of LianLian Global, said, "In today's world of global integration and increasingly complex cross-border payments, it is of great significance for LianLian Global to deepen cooperation with Visa. We hope to help enterprises simplify their payment processes and make payments easier through our joint capabilities. In the future, LianLian Global will continue leveraging its professional capabilities in cross-border payment solutions, working together with Visa to inject constant vitality into the cross-border payment service ecosystem, and make more companies benefit from accessing convenient and efficient cross-border financial services".

"I can easily pay for air tickets, hotels, local guides, tickets...Yueda Card can cover my payment needs in all scenarios. It is fast and cost-effective,  achieving both cost reduction and efficiency improvement. It enables a very smooth booking experience for cross-border Online Travel Agencies." An international Online Travel Agency (OTA) customer said, 'With one Yueda Card,you can easily manage global payment and collection within one account, and the process is simple, safe and convenient. In various areas such as cross-border e-commerce, foreign B2B trade, platform business, and overseas education, there are such customer voices, "One Yueda card is enough for my global payment". Yueda Card supports global instant payment in various scenarios, accurately solves the payment needs of multiple scenarios, and provides strong support for the development of cross-border corporate business.

For more information about Visa Commercial Solutions, please visit: https://www.visa.cn/products/visa-commercial-pay.html. For more information about LianLian Global card solutions, please visit: https://global.lianlianpay.com/products/vcc.

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at www.visa.cn.

About LianLian Global

LianLian Global, as the core brand of cross-border payment under LianLian DigiTech, is a comprehensive and innovative enterprise in cross-border finance and services in China. With strong compliance strength and technological innovation capabilities, LianLian Global has built a global financial network to reach the world and a trade service network to cover the entire life cycle of merchants. Focusing on the core needs of cross-border enterprises, LianLian Global, together with industry eco-partners, has created a one-stop cross-border trade service platform that integrates store opening assistance, global funds collection, global acquiring, global payout, LianLian FX^[1], LianLian financing service platform^[2], tax refund assistance and other services to help Chinese brands expand their overseas markets.  
Official website: https://global.lianlianpay.com

^[1] The exchange rate of LianLian Global FX business is provided by partner banks.
^[2] The financing products and corresponding contents displayed on the Lianlian financing service platform are provided by relevant licensed institutions.

[1] General Administrator of Customs: https://www.gov.cn/lianbo/bumen/202410/content_6980300.htm

[2] Sina Finance: https://cj.sina.com.cn/articles/view/1733360754/6750fc7202000qsjp

[3] The Growth Corporates Working Capital Index: 2024-25-middle-market-growth-corporates-working-capital-index.pdf

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Visa and LianLian Global launch Yueda card, a global business payment product, to further facilitate cross-border business payments

FRANKFURT, Germany, Nov. 26, 2024 /PRNewswire/ -- Creality proudly participated in Formnext 2024, continuing its tradition of excellence as a long-standing exhibitor at one of the world's premier trade fairs for additive manufacturing. This year, Creality highlighted its unwavering commitment to innovation and collaboration, showcasing a diverse range of 3D printing solutions tailored for various applications.

Comprehensive Product Showcase

Creality presented a comprehensive lineup of products that reflect its dedication to meeting the needs of both hobbyists and professionals. The showcase included the flagship K Series, recent and upcoming gantry models, cutting-edge industrial solutions from its PioCreat arm, and innovative ecosystem products.

K2 Plus Combo Boosting Creality's Flagship Series

The K2 Plus Combo stands out as a groundbreaking addition to the K1 Series in Creality's flagship lineup, featuring a generous build volume of 350mm³. This model leverages the comprehensive Creality Filament System (CFS), enabling high-speed multi-filament 3D printing with support for stunning 16-color outputs. Key features include RFID-enabled automatic filament identification and an intuitive automatic loading and unloading system, ensuring seamless operation. With precision engineering, active chamber heating, and powered by Creality OS and Edge AI technology, the K2 Plus delivers unmatched print quality and intelligent monitoring.

DIY at the Heart of Creality

Debuting at Formnext, the Ender-5 Max, designed for professional use, features a rigid all-metal frame, 36-point auto bed leveling, and an enormous build volume of 400mm³. With industry-leading speeds of up to 700mm/s, it's tailored for print farms with multi-printer management capabilities. 

The Ender-3 V3 Plus introduces a spacious 300x300x330mm build area with an advanced CoreXZ structure, facilitating faster prints and superior quality. Its next-generation extrusion system and efficient cooling allow for a wide range of filament compatibility. Features like automatic bed leveling and a user-friendly touchscreen make it ideal for all users. The compact version of the V3 Plus, the Ender-3 V3 features dual motors for enhanced speeds and a powerful cooling system, achieving speeds of up to 600mm/s while maintaining excellent print quality.

Both the Ender-3 V3 Plus and Ender-3 V3 will soon be integrating Co Print component for multi-filament printing. 

Halot-Mage S: Riding the Wave of Resin Printing

A top-of-the-line resin printer, the Halot-Mage S boasts a 10.1" 14K mono LCD, delivering exceptional precision and print speeds of up to 150mm/h. The uniform integral light source ensures sharp prints, while Smart HALOT OS allows for remote printing capabilities.

Upgrading the Ecosystem

With features like materials auto recognition, a pre-set camera for easy operation, and compact design, the Falcon A1 guarantees 100% success with no assembly required. It's safe for home use and operates at speeds up to 600mm/s.

The pinnacle of Creality's scanning technology, Creality RaptorX features 34 blue cross-laser lines and achieves scanning precision of up to 0.02 mm, capable of handling objects from 5 to 4000 mm in size. Its modular design and compatibility with a wireless handle enhance portability, making it an ideal tool for professionals.

Creality also highlighted a variety of new materials that enhance the capabilities of its 3D printing solutions. The array of advanced filaments include high-speed Rainbow PLA designed for vibrant, multi-color prints, with excellent mechanical properties, Hyper PETG which offers high impact strength, transparency, and chemical resistance making it ideal for outdoor models, and PPA-CF, a high-temperature nylon filament reinforced with carbon fibers intended for strength and minimal warping and suitable for industrial applications, as well as Soleyin PLA, a vibrant, high-speed PLA filament that is safe and environmentally friendly.

Apart from filaments, innovative resins were also presented, featuring high-performance and high-compatibility Halot Rigid Resin, Plant-Based Resin which is eco-friendly and easy-to-clean, and versatile ABS-Like Resin 2.0, combining fast speed and high toughness, as well as low-odor, high-precision Water Wash Resin 2.0.

Industrial Solutions – PioCreat

Creality's industrial arm, PioCreat, showcased innovations tailored for the dental industry and large-scale applications. The DJ89 PLUS resin printer features an integral light source for 90% light uniformity, an 8K 10.3" LCD, and automatic feeding for precise production. The G12 FGF Pellet 3D Printer offers large-format capabilities with a build volume of 1200×1000×1000mm, making it perfect for molds and prototypes. The G5Ultra, with a 500×500×400mm build volume, uses cost-effective thermoplastic pellet feedstock, ideal for educational and research purposes.

Engaging Attendees and Partners

Creality's presence at Formnext also featured an interactive "Life is Colorful, Just Like You" social media campaign, where attendees experienced Creality products firsthand and received vibrant 3D-printed souvenirs. Interacting with multiple brands, Creality also has put its full range of models out across the fair, with the E3V3, K1C, K1 Max and K2 Plus being seen at the booths of Sunlu, Kexcelled, Keli, Basf and eSUN.

Besides collaborating with influencers for live streaming to enhance outreach and engagement with the audience, Creality received interviews with media representatives from All3DP and 3Dnatives, sharing the company's commitment to the community and outlook into the future.

Commitment to the Global Market

In his closing statement, Mr. TANG Jingke, Co-founder of Creality, underscored the company's strong commitment to the European market, emphasizing Creality's growing presence and focus on fostering innovation within the region. "Our participation at Formnext highlights not only our dedication to advancing 3D printing technology but also our deepened engagement with Europe's vibrant manufacturing and technology sectors. We are excited to strengthen our partnerships across the wider world and continue contributing to the region's leadership in 3D printing innovation. As we expand our offerings, we look forward to building closer collaborations with the global community and driving the future of 3D printing together."

For more information about Creality's products and innovations, please visit Creality's official website.

media contact: brand@creality.com

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Creality Shines at Formnext 2024, Showcasing K2 Plus, New CoreXY Model and Accessories