Revolutionizing Cross-Border Business Payments: Visa and LianLian Global Unveil the Yueda Card

In the rapidly evolving landscape of global business, the need for seamless and secure cross-border payment solutions has become increasingly paramount. Recognizing this critical gap, Visa and LianLian Global have joined forces to launch the Yueda card, a pioneering global business payment product poised to transform the way businesses transact internationally.

The Yueda card, powered by Thredd's virtual card issuing capabilities, is designed to address the challenges faced by businesses in navigating the complexities of cross-border payments. With over 200,000 LianLian Global Visa transactions processed monthly by Thredd in Hong Kong, the alliance between Visa, LianLian Global, and Thredd signals a significant step towards simplifying international business operations.

The Yueda card's virtual nature offers several compelling advantages over traditional cards. By utilizing card payment rails, the Yueda card enables faster and more transparent transactions, mitigating currency exchange rate fluctuations and reducing transaction fees. This optimizes cross-border business payments, particularly for businesses in e-commerce, international B2B trade, and travel sectors.

Moreover, the Yueda card's enhanced security features provide businesses with real-time tracking and control, enabling them to monitor transactions, set spending limits, and swiftly block any fraudulent activities. This added layer of security, coupled with the convenience of global fund transfers via card payment rails, makes the Yueda card an attractive solution for businesses seeking to streamline their international operations.

The Yueda card's competitive pricing and simplified currency exchange process also position it as a formidable tool for small and medium-sized businesses (SMBs). By reducing issuance costs and minimizing foreign exchange fees, the Yueda card opens up access to cross-border payment solutions that were previously unavailable or cost-prohibitive for SMBs, empowering them to compete on a global scale.

In conclusion, the launch of the Yueda card marks a significant milestone in the evolution of cross-border business payments. With its innovative virtual card technology, competitive pricing, and robust security features, the Yueda card is set to revolutionize the way businesses transact internationally. As Visa, LianLian Global, and Thredd continue to refine and expand the capabilities of the Yueda card, businesses can expect a more efficient, secure, and cost-effective cross-border payment experience, driving growth and competitiveness in the global market.