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Chinese, British financial giants ink agreement to set up cross-border service platform

Xinhua, November 4, 2015 Adjust font size:

China's largest community financial self-service terminal operator Lakala has signed an agreement with Britain's largest bill payment service company, Lakala told Xinhua Wednesday.

Lakala and Allpay Limited will work together to establish a cross-border financial service platform and conduct cooperation in community convenience services, smart wearable devices and cross-border e-commerce, according to Sun Taoran, chairman and president of Lakala.

The company will export some of its payment hardware devices and software to Europe as Sun observed that China is a leading player in the Internet finance market.

Lakala's cross-border payment service covers over 20 currencies and the majority market in Asia and now is making forays into the European and North American market. Endi