PingPong Payments Ties with BNP Paribas on Acquiring Service

End-to-end payment solution for global cross-border businesses, PingPong Payments, has agreed to acquire services from one of the biggest European banks, BNP Paribas, as part of their strategic partnership.

PingPong will become the first cross-border payments company to support EU’s Direct-to-Consumer (DTC) market, adding to their suite of innovative payment solutions. By establishing a more comprehensive partnership with BNP Paribas, the fintech Unicorn will be integrated into the mainstream European financial system, providing extended access to a wide variety of local payment methods, while helping merchants with acquiring needs in the EU to quickly expand to a local market.

Merchants can access PingPong’s platform either directly or through integrated APIs and can use it process payments to vetted suppliers, collect, and convert payments at lower costs, or increase transparency through its closed-loop payments ecosystem. 

Currently, PingPong Payments supports online card payments from top five card brands worldwide (including Visa, Mastercard, and AmEx), as well as local payment methods like e-wallets, BNPL solutions, and online banking transfers.

(Source: The Paypers)