May 27, 2022 11:39 AM (GMT+8) · EqualOcean
Recently, pingpong, a global cross-border trade digital service provider, has joined hands with BNP Paribas, the largest bank in the euro zone, to further achieve billing cooperation and become the first cross-border payment enterprise in the industry to support the development of the EU DTC market. It is reported that BNP Paribas is a world-class financial group and a leading acquiring bank in Europe. The blue card issued by BNP Paribas is the most important local payment brand in France. Since 2017, pingpong has reached cooperation with the bank in account development, collection, payment, foreign exchange, etc. Independent station e-commerce can access the pingpong system through API, and can recover orders and collections more quickly and conveniently at a lower cost to complete the closed loop of cross-border transactions. At present, pingpong global acquiring business can support card online payment of the top five card issuing organizations' brands in the world, as well as local payment methods such as online banking transfer, various e-wallets, buy before pay (bnpl). It is reported that, as one of the few enterprises in the world that has obtained the European Luxembourg EMI (electronic money institution) license (i.e. the e-money institution license), pingpong is qualified to provide payment, prepaid card, bill collection, e-wallet and other services in the EU market. The company disclosed that based on the license advantages and business scenarios, it will soon release a one-stop digital payment service for the EU market, and accelerate the globalization process of small and medium-sized enterprises through this business upgrade.

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