{"id":13184,"date":"2022-11-02T03:00:00","date_gmt":"2022-11-02T03:00:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3921347_AE21347_0"},"modified":"2022-11-02T03:00:00","modified_gmt":"2022-11-02T03:00:00","slug":"pingpong-to-launch-in-singapore-strengthening-regional-coverage-and-providing-innovative-payment-solutions-to-southeast-asia-customers","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=13184","title":{"rendered":"PingPong to Launch in Singapore, Strengthening Regional Coverage and Providing Innovative Payment Solutions to Southeast Asia customers"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/en.prnasia.com\/prnasia.com-PC\/images\/logo-en-blue-in.png\" class=\"ff-og-image-inserted\"><\/div>\n<ul type=\"disc\">\n<li><b>Expanding presence and strengthening in-market capabilities with a new <span class=\"xn-location\">Singapore<\/span> office<\/b><\/li>\n<\/ul>\n<p><span class=\"xn-location\">HANGZHOU, China<\/span>, <span class=\"xn-chron\">Nov. 2, 2022<\/span> \/PRNewswire\/ &#8212;&nbsp;PingPong (&#8220;the Company&#8221;), a global payment solutions provider, debuts at Singapore FinTech Festival (SFF) 2022 (<span class=\"xn-chron\">2-4 Nov 2022<\/span>) to present its latest one-stop payment services and comprehensive cross-border solutions for online merchants, financial institutions, technology platforms, and enterprises. During the event, the company also announces that it is applying for a Major Payment License in <span class=\"xn-location\">Singapore<\/span> and plans to launch in <span class=\"xn-location\">Singapore<\/span> upon receiving approval from the regulator.<\/p>\n<p>A pioneer in providing end-to-end payment solutions for global cross-border businesses, PingPong offers global e-commerce sellers the ability to manage multiple currencies in a single, secure platform across the U.S., <span class=\"xn-location\">Europe<\/span>, and <span class=\"xn-location\">Asia<\/span>. Since it was established in 2015, the company has been growing rapidly, and as of today, more than one million merchants utilize its technologies for cross-border, value-added tax, and supplier&nbsp;payments. The company&#8217;s TPV had reached more than <span class=\"xn-money\">USD 90 billion<\/span> by the end of <span class=\"xn-chron\">September 2022<\/span>.<\/p>\n<p>PingPong is strengthening its coverage in <span class=\"xn-location\">Southeast Asia<\/span> at a time when buying and selling habits in the region have changed profoundly following the unprecedented challenges of the global pandemic. In 2022, <span class=\"xn-location\">Southeast Asia&#8217;s<\/span> digital economy is expected to grow by 20%, approaching <span class=\"xn-money\">$200 Billion<\/span> GMV. PingPong is well-positioned to capture the growth of cross-border e-commerce in <span class=\"xn-location\">Southeast Asia<\/span> with its extensive experience in working with both upstream and downstream participants in the e-commerce payment ecosystem and providing high-quality cross-border financial services for enterprises of all sizes in the region.<\/p>\n<p><b><span class=\"xn-person\">Cyrus Tong<\/span>, Regional Chief Compliance Officer, <\/b>said, &#8220;At PingPong, we have helped hundreds of thousands of customers expand their business globally. Our on-boarded and supported platforms include globally important e-commerce enablers such as Amazon and Shopify.&#8221;<\/p>\n<p>&#8220;We understand the anxiety of our customers when they venture into new markets, especially a region as diverse as <span class=\"xn-location\">Southeast Asia<\/span>, which consists of 11 countries, 7 major languages and multiple local currencies. But it is also one of the most exciting markets for e-commerce right now because the majority of the population is young and digital-savvy. Our team provides a comprehensive suite of solutions that allow global payments at a lower cost and higher speed, and most importantly, helps our customers navigate cross-border compliance and regulatory complexity, which are some of the key concerns they have when establishing their e-commerce businesses beyond the borders.&#8221;<\/p>\n<p>At Singapore Fintech Festival 2022, which is themed &#8220;Building Resilient Business Models amid Volatility and Change&#8221;, PingPong presents its one-stop payment services designed for small-to-medium businesses. It supports onshore\/offshore payments in 16 major currencies and allows merchants and suppliers to manage international transactions and track the payments in real time.<\/p>\n<p>Another highlight is a one-stop treasury and payment solution. An ecosystem that supports 266 local payment methods in more than 50 currencies, this solution connects hundreds of thousands of merchants and trillion-dollar GMV e-commerce and digital economy platforms. It enables platforms and financial institutions to tap into the enormous potential of a rapidly growing e-commerce industry. Business opportunities in over 200 countries with a 5 billion reach could be unlocked at the click of a button.&nbsp;<\/p>\n<p><b>About PingPong <\/b><\/p>\n<p>Founded in 2015, PingPong is a leading technology company built on the global vision that empowers cross-border digital commerce to grow. We are one of the largest payment and digital trade solution providers serving more than 1 million global customers. Our one-stop, compliant and comprehensive suite of products includes e-commerce payment, B2B trade payment, acquiring service, card issuing, FX management, supply chain finance, VAT tax services, enterprise solutions, business intelligence software and more.&nbsp;<\/p>\n<p>Today, PingPong has accommodated business flows from over 200 countries\/regions. Our tested and proven global infrastructure has processed over <span class=\"xn-money\">$90 billion<\/span> in transaction volume and connects over 100 international e-commerce marketplaces and ecosystem partners, as well as over 100 international financial institutions.&nbsp;<\/p>\n<p>PingPong has established more than 20 global offices and holds relevant payment, forex, financing and internet operation licenses and permits in the world&#8217;s largest economies including the U.S., <span class=\"xn-location\">Europe<\/span>, <span class=\"xn-location\">Greater China<\/span>, <span class=\"xn-location\">Japan<\/span> and <span class=\"xn-location\">India<\/span>.<\/p>\n<p><a href=\"https:\/\/www.pingpongx.com\/\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/www.pingpongx.com\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Expanding presence and strengthening in-market capabilities with a new Singapore office HANGZHOU, China, Nov. 2, 2022 \/PRNewswire\/ &#8212;&nbsp;PingPong (&#8220;the Company&#8221;), a global payment solutions provider, debuts at Singapore FinTech Festival (SFF) 2022 (2-4 Nov 2022) to present its latest one-stop payment services and comprehensive cross-border solutions for online merchants, financial institutions, technology platforms, and enterprises. [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-13184","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PingPong to Launch in Singapore, Strengthening Regional Coverage and Providing Innovative Payment Solutions to Southeast Asia customers - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=13184\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PingPong to Launch in Singapore, Strengthening Regional Coverage and Providing Innovative Payment Solutions to Southeast Asia customers - My Blog\" \/>\n<meta property=\"og:description\" content=\"Expanding presence and strengthening in-market capabilities with a new Singapore office HANGZHOU, China, Nov. 2, 2022 \/PRNewswire\/ &#8212;&nbsp;PingPong (&#8220;the Company&#8221;), a global payment solutions provider, debuts at Singapore FinTech Festival (SFF) 2022 (2-4 Nov 2022) to present its latest one-stop payment services and comprehensive cross-border solutions for online merchants, financial institutions, technology platforms, and enterprises. 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