Lianlian Yintong Electronic Payment Co., Ltd. (Lianlian Pay) is a Zhejiang Provincial High-Tech Enterprise. Founded in 2003 with registered capital of 325 million yuan, Lianlian Pay is a professional third-party payment institution and a leading provider of payment solutions for Chinese industries. In August 2011, it obtained a payment license from the People’s Bank of China, becoming the second company in Zhejiang Province to receive such a license. Its services cover internet and mobile payment services nationwide. In November 2013, Lianlian Pay partnered with the Yiwu Branch of the Bank of China to conduct cross-border RMB payments and receipts, receiving approval from the Yiwu Sub-branch of the People’s Bank of China.