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Manila Bulletin devider Business devider Banking & Finance devider Philippines' PAYS0, Hong Kong's LianLian ink deal for faster, cheaper remittances

Philippines' PAYS0, Hong Kong's LianLian ink deal for faster, cheaper remittances

Published Nov 5, 2025 08:18 am

At A Glance

  • HONG KONG — Manila-based PAYS0 has entered a deal with Hong Kong-based LianLian Global to streamline cross-border money transfers, eliminating the higher fees and sluggish processing pace that overseas Filipinos (OFs) face in traditional remittance methods.
HONG KONG — Manila-based PAYS0 has entered a partnership with Hong Kong-based LianLian Global to streamline cross-border money transfers, aiming to eliminate the high fees and slow processing times that overseas Filipinos (OFs) face through traditional remittance channels.
PAYS0 and LianLian Global sealed the deal at the onset of Hong Kong FinTech Week 2025 last Monday, Nov. 3.
“By combining LianLian’s global payment network and PAYS0’s domestic capabilities, the partnership aims to deliver seamless, secure, efficient, and low-cost international transfers,” LianLian said in a Nov. 3 statement shared with Manila Bulletin.
Both payment firms are expected to leverage their respective strengths to address long-standing bottlenecks that overseas Filipino workers (OFWs) encounter when sending money to the Philippines.
For a country that ranks among the world’s largest labor exporters, OF remittances account for about one-tenth of Philippine gross domestic product (GDP).
Data from the Bangko Sentral ng Pilipinas (BSP) showed that cumulative personal remittances—including cash sent through banks and informal channels, as well as remittances in kind—hit an all-time high of $38.3 billion in 2024.
This figure represented 8.3 percent of the country’s GDP and 7.4 percent of its gross national income (GNI).
Cash remittances, which serve as the main driver of personal remittances, rose three percent to $34.49 billion last year from $33.49 billion in 2023.
As of end-August, cumulative cash remittances reached $22.91 billion, the highest year-to-date figure in three years, or since 2022. These accounted for the bulk of personal remittances, which also climbed to $25.51 billion from $24.74 billion a year earlier.
“PAYS0’s solutions are designed to tackle challenges such as high costs, inefficiencies, and fraud risks, ensuring that remittances and other transactions are processed reliably and securely,” LianLian said.
PAYS0 founder and chief executive officer (CEO) Penny Jing said the Philippine firm’s partnerships with global companies such as LianLian help resolve these issues while supporting the country’s economic growth.
PAYS0 holds an electronic money issuer (EMI) e-wallet license issued by the BSP and specializes in business-to-business (B2B) payment solutions across various industries.
Meanwhile, LianLian Global leverages LianLian DigiTech’s full-stack cross-border payment capabilities, backed by licenses in China and several overseas markets.
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