# PingPong Payments

> PingPong Payments provides cross-border financial infrastructure for online sellers, enterprises, marketplaces and financial institutions. Its business accounts and APIs combine collections, payouts, currency conversion, checkout and card services, with a network of local licences and banking relationships supporting international trade.

- **Founded:** 2015
- **Headquarters:** Hangzhou, China
- **Founders:** Robert Chen (Co-founder and Group CEO), Ning Wang (Co-founder; identified as Chief Business Officer in 2020)
- **Products:** Business Account, Platform API, Global Accounts, Global Payouts, Checkout
- **Notable:** European payment licence in Luxembourg in 2017, upgraded to an EMI licence in 2020., UK EMI, Singapore MPI and Australian AFSL milestones in 2023., Indonesian PJP licence announced in July 2024.

## Products & services

- **Business Account** — Multi-currency business account for receiving, holding, converting and sending international funds.
- **Platform API** — Embedded payment infrastructure for enterprises, marketplaces, financial institutions and software platforms.
- **Global Accounts** — Local account capabilities in more than 20 currencies, subject to market availability.
- **Global Payouts** — Supplier, seller, employee and other business payouts using local payment rails; public product pages advertise 25+ currencies.
- **Checkout** — Merchant acquiring with card networks and more than 160 alternative payment methods advertised on the global website.
- **Multi-currency cards** — Cards for advertising, subscriptions, supplier payments and business expenses.
- **FX** — Spot conversion, automated limit orders and rate-locking tools; availability depends on jurisdiction and eligibility.
- **Lightyear** — Early-payment and working-capital solution introduced for cross-border sellers.
- **Hedging X** — Structured foreign-exchange solutions named in the company’s 2021 history.
- **Flowmore** — B2B payment solution named in the company’s 2021 history.
- **InvestXB** — Financial infrastructure for alternative investment managers, administrators and corporate solutions providers in Luxembourg.
- **Games and digital entertainment acquiring** — Single-API acquiring announced at Gamescom in August 2026, with local payment methods and sector-specific risk models.

## Achievements

- European payment licence in Luxembourg in 2017, upgraded to an EMI licence in 2020.
- UK EMI, Singapore MPI and Australian AFSL milestones in 2023.
- Indonesian PJP licence announced in July 2024.
- Global headquarters opened in Hangzhou in June 2024.
- Company-reported $300B+ annualized transaction volume, 200+ markets and 82 licences and authorizations as of June 30, 2026.
- Euromoney named PingPong Asia’s best cross-border payments provider for 2025.

## Latest updates

- **2026-08** — Announced single-API acquiring for games and digital entertainment at Gamescom; company reports a 5.3% payment-success improvement without enough public context here to treat it as a general benchmark.
- **2026-07** — Received MAS in-principle approval for a Capital Markets Services licence; formal issuance is required before eligible Singapore clients can receive the contemplated OTC FX derivatives services.
- **2026-06** — Announced Sabre partnership for travel-agency FX optimization in Sabre Mosaic Marketplace.
- **2026-01** — Announced Australian acquiring services and direct local integration with Zip Co.

## Links

- Website: https://pingpongx.com
- LinkedIn: https://www.linkedin.com/company/pingpongpayments/
- Twitter/X: https://twitter.com/PingPongPayment
- Instagram: https://www.instagram.com/pingpongpayments/
- Facebook: https://www.facebook.com/PingPongPayments

---

Profile page: https://yespress.io/pingpong-payments
Published by YesPress — https://yespress.io
Last updated: 2026-10-06