Manila-based PAYS0 and Hong Kong-based LianLian Global have entered a partnership to streamline cross-border money transfers for overseas Filipinos (OFW) and offer a cheaper remittance option.

The agreement, signed during Hong Kong FinTech Week 2025 on 3 November, aims to address common challenges in traditional remittance channels, such as high fees, slow processing times, and fraud risks.

The collaboration will combine LianLian’s global payment network with PAYS0’s domestic capabilities. Remittances are a key part of the Philippine economy, reaching a record US$38.3 billion in 2024, which represented 8.3% of the country’s GDP.

PAYS0, which holds an e-money issuer (EMI) licence from the Bangko Sentral ng Pilipinas (BSP), specialises in B2B payment solutions.

Penny Jing, Founder and CEO of PAYS0, stated the partnership offers:

“Mature, compliant, efficient, and standardised solutions… [to] resolve issues such as high costs, low efficiency, and fraud risks”.

LianLian Global is the cross-border payment brand of LianLian DigiTech.

Tim Shen, CEO of LianLian Global, described the partnership as a key step in expanding remittance services between Hong Kong and the Philippines.

He said the goal is to create a new, user-friendly, secure, and low-cost remittance option for OFWs and other global users.

Featured image by fanjianhua via Freepik.