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With around 150 million users, the Hong Kong-licensed LianLian International is the fourth largest non-banking third party payment processor in China. The company was founded in 2003 and is known by the name Lianlian Yintong Electronic Payment Co., Ltd. The company now processes payments in 19 currencies and has established firm business relationship with all the domestic banks in China. It is also one of the top mobile payment companies in China. LianLian processes billions worth payments between merchants and consumers of international retail giants such as eBay, Amazon, and Ali Express.
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ruled that illegal forex traders – be it individuals or owners of companies will now be subjected to a fine and could also end up facing jail time. The severity of the punishment and the fine amount will be based on different categories of violation.
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A betting ban on Australian lower-league football matches is being called for. Apia Leichhardt (pictured) have lodged a complaint with the FFA. (Image: AAP)
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“What we have had with the advent of the internet and online gambling is activity on phones and tablets that is unregulated – it’s the Wild West,” the statement said.
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