Core Insights - The Hong Kong FinTech Week 2025 has commenced, showcasing innovations in the financial technology sector, with LianLian Global as a key sponsor and representative of the cross-border payment industry [1] - LianLian Global has announced a significant partnership with PAYS0 to enhance cross-border remittance services for overseas Filipino workers, aiming to provide a seamless, secure, efficient, and low-cost international transfer experience [3][5] Group 1: Partnership and Collaboration - The collaboration between LianLian Global and PAYS0 focuses on addressing the challenges faced by overseas Filipino workers in remitting funds back home, particularly high fees, slow processing times, and complex procedures [3] - PAYS0, a licensed electronic wallet provider in the Philippines, aims to offer reliable payment processing solutions, enhancing the efficiency of remittances for various sectors [3][5] Group 2: Market Context and Demand - The remittance market is crucial for global economic integration, with the Philippines being a major labor-exporting country, projected to reach a record $38.3 billion in remittances in 2024 [3] - Traditional remittance methods often fall short in terms of cost and efficiency, highlighting the need for innovative solutions to meet the growing demand for diverse cross-border remittance services [3] Group 3: Company Overview and Capabilities - LianLian Global, under LianLian Digital, is dedicated to creating innovative digital payment solutions, leveraging its extensive cross-border payment capabilities and regulatory licenses across multiple jurisdictions [4] - The company has successfully provided seamless global payment experiences to approximately 7.9 million customers, emphasizing its commitment to safe, compliant, and cost-effective fund transfers [4]