PingPong Applies for Major Payment Institution License in Singapore

The global payment solutions provider PingPong unveiled that it is applying for a Major Payment Institution License in Singapore, and that it plans to go live in the country upon receiving approval from the regulator. The firm is eyeing on growing its presence in Southeast Asia.

Fazzaco Hall of Fame 2022 Officially Opens (Click to Nominate)!​

 "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," said Cyrus Tong, Regional Chief Compliance Officer of PingPong.

"We understand the anxiety of our customers when they venture into new markets, especially a region as diverse as Southeast Asia. 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."

Fazzaco reported that year to date, the payment firm has built multiple partnerships, including with JCB​, a major international card organization based in Japan, BNP Paribas, and i2c Inc., a leading provider of digital payment and banking technology.