P I N G P O N G
EXECUTING AND EXPANDING: OUR MARKET EDGE With an unrivalled network of financial licences, robust partnerships, and a developer-friendly tech stack, PingPong helps businesses scale easily – whether entering established economies like China, Singapore, or India or tapping into emerging markets like Vietnam or Indonesia. PingPong’s suite of solutions includes an API that enables full integration of our platform into various products and services, connecting businesses across the world. This allows enterprises to embed PingPong easily and quickly, increasing their capabilities across currencies, corridors, and countries. As the cross-border payments market is projected to exceed $250 trillion by 2027, the demand for faster, more cost-effective, and transparent payments is critical. At PingPong, we believe that sending and receiving money across borders should be as easy as possible. Our team is building an ecosystem of solutions, relationships, and expertise to make that idea a reality.
throughout Asia, with particular expertise in China. PingPong has since expanded its product offerings to include enterprise solutions for fintechs, financial institutions, and trade verticals worldwide. A STRATEGIC COLLABORATION: THE FINTECH + BANK RELATIONSHIP The cross-border payments market is undergoing a significant shift, driven by the increasing participation of non-bank entities. But this shift doesn’t mean banks and fintechs are working against each other; but rather complementing each other’s strengths. With PingPong, the frustration of legacy systems is no longer a hindrance for businesses looking to land and expand globally. By partnering with Tier 1 banking institutions, PingPong is able to deliver secure, reliable, and efficient cross-border solutions while complying with local and international regulations. PingPong empowers enterprises to scale efficiently and innovate confidently, with compliance at the forefront. By working alongside trusted partners who share the same vision of agility, flexibility, and innovation, PingPong is able to provide cross-border payment solutions to every major market in the world. To make cross-border payments truly effortless, a shared commitment between banks and fintechs is needed to ensure these aspects become the norm rather than the exception. BREAKING BARRIERS: WORKING WITHIN INTEROPERABILITY The ability to connect and work seamlessly across different networks is critical in the financial system. However, when it comes to cross-border payments, interoperability can often seem like an impossible goal.
Currently, over 70 countries operate their own local payment systems, including FedNow, SEPA, TIPS… The list of acronyms only continues to grow. Despite economies becoming more interconnected, most regulatory frameworks are designed for domestic systems. With over 60 financial licences and more than $250 billion USD processed to date, PingPong leverages domestic innovations within its network, connecting local payment rails at both ends of each transaction. PingPong’s platform – supported by local expertise – ensures a faster, more transparent payment process across key regions and emerging markets, connecting money movers at scale. Each licence PingPong holds is strategically acquired, enabling businesses to transact confidently with one another across the globe. PingPong’s DNA is cross-border payments, with a vision to digitise trade in every corridor possible.
WHO WE ARE
AT A GLANCE
PingPong was founded in New York in 2015 to solve the immense challenge of scaling enterprise businesses globally. Fast-forward to today, and PingPong has become one of the world’s leading global cross-border payments platforms, processing more than $250 billion USD for thousands of businesses worldwide. Our API-first cross-border payments platform integrates with enterprises to send, manage, and receive money faster on a global scale. PingPong currently has 32 offices in 11 countries and over 1,000 employees. Our international presence helps businesses solve complex payment needs in every major economy across all time zones.
COMPANY: PingPong FOUNDED: 2015 CATEGORY: Cross-Border Payments KEY PERSONNEL:
David Messenger, CEO, Global Business (right) HEAD OFFICE: Hangzhou, China
LOCAL PRESENCE IN: China, UK, USA, Luxembourg, Japan, South Korea, Hong Kong, Singapore, Vietnam, Thailand, Indonesia, Canada, Australia and India WEBSITE: www.international. pingpongx.com LINKEDIN: linkedin.com/company/ pingpongpayments/
WHAT WE DO Cross-border B2B payments for enterprise and mid-market businesses
47
THE PAYMENTS POWER 50
www.thepower50.com
Powered by FlippingBook