PingPong

What PingPong does

PingPong is a global cross-border payments platform founded in 2015 in New York that enables enterprises, marketplaces, fintechs, logistics platforms, corporate treasury, and e-commerce sellers to collect, hold, convert, and disburse funds across more than 200 countries and regions. The company operates an API-first platform built on Java/Spring with direct scheme access to SEPA Credit Transfer, SEPA Instant, BACS, CHAPS, and Faster Payments, SWIFT membership as a supervised global BIC holder, and a proprietary FX engine supporting 25+ currencies and 400+ currency crosses. Its product portfolio spans Local Accounts (pay-in via local rails in 23 currencies), mass Payouts to 200+ countries, a Multi-Currency Wallet, Card Issuing, and Acquiring Solutions across the six largest global card networks (Visa, Mastercard, UnionPay, Amex, Discover, JCB), with optional modules for working capital (Light Year), Tax SaaS and Business Intelligence services, the investXB alternative-investment infrastructure in Luxembourg, and a Card to Account Payment Solution co-developed with Visa under the BPSP programme.

PingPong monetises primarily through transaction-based fees including FX margin on multi-currency wallet conversions, local collection and payout transaction fees, card issuing and acquiring fees, and B2B card-to-account settlement fees, with additional subscription and usage-based fees on its API and platform. Pricing is quote-based and not publicly disclosed, featuring FX volume discounts for enterprise customers. Its go-to-market combines direct enterprise sales through verticalised solutions experts, self-serve API and developer onboarding (Postman library, sandbox, documentation), embedded/OEM integrations into SaaS, marketplaces, and travel platforms, and channel partnerships with Tier-1 banks (Citi, BNP Paribas, Wells Fargo, Standard Chartered, MUFG, Deutsche Bank, J.P. Morgan, ClearBank, Form3). The company reports 1,500+ employees across 35+ offices in 15 countries, 60+ financial licences, $300+ billion in cumulative TPV, and 1 million+ business customers, positioning it as one of the few non-bank players with direct scheme access and a compliance-first cross-border infrastructure at scale.

Name

PingPong

Legal name

PingPong Global Solutions Inc.

Website

https://international.pingpongx.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

PingPong is a global cross-border payments platform that enables enterprises, marketplaces, fintechs, and e-commerce sellers to collect, convert, and disburse funds across 200+ countries via API-first infrastructure, 60+ financial licences, and direct scheme access.

Ownership category

akta.pro rank

Product category

Cross-Border Payment Infrastructure

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

akta.pro primary industry

Remittance & Cross-Border Payment Rails (SWIFT, Local Clearing, RTP Connectivity) (FSAGAKAH)

akta.pro secondary industries

Alternative Payment Methods (APM) Enablement (Wallets, A2A, Local Rails) (FSAGABAJ), Cross-Border & FX Payments Platforms (BPAMAFAK)

Keywords

• Cross-border payments
• B2B payment infrastructure
• Multi-currency accounts
• FX management platform
• Global payment processing

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices19 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Transaction fees on local collections: Revenue from local account collections in 20+ currencies via local rails and SWIFT; charged on a per-transaction basis
2. FX margin on currency conversion: Revenue from FX spread on multi-currency wallet conversions, with volume discounts; supports 25+ currencies and 400+ currency crosses
3. FX markup monetisation for marketplaces: Marketplace platforms can monetise FX with a markup to sellers when converting funds on the platform
4. Card issuing and acquiring fees: Revenue from card issuing programs (multi-currency cards) and acquiring services with one-click checkout, dynamic currency conversion, and 170+ payment methods
5. Platform/API subscription and usage fees: Recurring platform fees and usage-based pricing on the API-first platform enabling embedded finance integrations for fintechs, marketplaces, and platforms
6. B2B card-to-account payment solution fees: Revenue from Visa Business Payment Solution Provider (BPSP) Card to Account offering enabling corporate buyers to settle supplier invoices using commercial credit cards

Pricing tiers

Go-to-market motion5 records

Distribution channels6 records

Marketing channels9 records

Core offering

PingPong operates a B2B cross-border payments platform that enables global merchants, marketplaces, fintechs and enterprises to collect, hold, convert and disburse funds across 200+ countries and regions. The platform combines local accounts (pay-in), mass payouts, a multi-currency FX wallet, card issuing, acquiring, and a public developer API, supported by 60+ financial licences and direct participation in SEPA, UK Faster Payments/BACS/CHAPS, SWIFT and the six major global card networks.

Product overview

PingPong operates as a platform-plus-modules architecture rather than a single product. At the core is the unified PingPong B2B Cross-Border Payments Platform, which orchestrates several integrated modules: Local Accounts (Pay In) for collecting local-currency payments, Payout Capabilities for mass disbursements, FX and the Multi-Currency Wallet, Card Issuing for business spend, and Acquiring Solutions for card and alternative payment method acceptance across Visa, Mastercard, UnionPay, Amex, Discover, and JCB. The PingPong API / Developer Toolkit exposes all of these modules to merchants and partners via integrations and webhooks. Beyond payments, PingPong offers a complementary sub-brand investXB for alternative investments in Luxembourg, the Card to Account Payment Solution (BPSP) under its Visa partnership, and adjacent financial SaaS modules such as Light Year Working Capital Management and Tax/Business Intelligence Services. Together these named offerings form a single global platform serving cross-border merchants, marketplaces, and enterprises.

Differentiator

Problem solved

Functional benefit

Brands

• investXB: Next-generation infrastructure solution for alternative investment managers, administrators, and corporate solutions providers in Luxembourg, enabling rapid multi-currency account opening and global disbursements for investment vehicles.

Products and services

• PingPong B2B Cross-Border Payments Platform Unified B2B cross-border payments platform enabling global merchants, marketplaces, fintechs and enterprises to collect, hold, convert and disburse funds across 200+ countries and regions. Built around Local Accounts (Pay In), Payout Capabilities, FX, Card Issuing and Acquiring modules exposed through a single API.
• Local Accounts (Pay In) Enables merchants to collect payments in local currencies via local rails and accounts across 100+ countries, with support for 200+ local alternative payment methods, network payments between PingPong accounts, and card acceptance.
• Payout Capabilities Supports mass payouts to suppliers, contractors and partners via local rails worldwide across 200+ countries and regions, including Pay to Network (40+ currencies) and Pay to Bank Account.
• FX / Multi-Currency Wallet Multi-currency wallet and FX module supporting hold, convert and management of 25+ currencies with 400+ currency crosses, plus forwards and hedging strategies for enterprise treasury use.
• Card Issuing Instant issuance of multi-currency cards with global acceptance (40+ currencies), real-time spend controls and instant alerts for business spend management.
• Acquiring Solutions Acceptance solution leveraging PingPong's principal memberships in Visa, Mastercard, UnionPay, Amex, Discover and JCB, with support for 170+ global and local Alternative Payment Methods and one-click checkout.
• PingPong API / Developer Toolkit Customisable RESTful API and developer toolkit (Java/Spring, IP whitelisting, SHA-256 hashing, eIDAS-aligned) with public documentation, sandbox and Postman library, enabling integration in less than 50 days.
• investXB Luxembourg-based infrastructure solution enabling rapid multi-currency account opening and global disbursements for investment vehicles and alternative investment managers, leveraging PingPong's Luxembourg CSSF EMI licence.
• Card to Account Payment Solution (Visa BPSP) Visa BPSP-based card-to-account transfer product enabling corporate buyers to settle supplier invoices using commercial credit cards across 170+ countries and 25+ currencies, extending buyer working capital by up to 45 days.
• PingPong Australian Acquiring Services Australian acquiring service with hosted, embedded and API integration options and direct integration with Australian BNPL provider Zip Co, enabling local and international merchants to accept cards and Zip payments.
• Light Year Working Capital Management Working-capital financing product for cross-border e-commerce merchants, addressing cash-flow gaps tied to international settlement cycles.
• Tax SaaS and Business Intelligence Services Data-driven SaaS tools for tax compliance and business intelligence, extending the PingPong platform beyond core payments into compliance and analytics tooling for cross-border merchants.

Quantifiable outcome

• $300+ billion USD in cumulative Total Payment Volume processed
• +7 more outcomes

Named customers17 records

Segments7 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration17 records

AI capability4 records

Feature8 records

Partnerships

23 partnerships are on record, tiered flagship, core and minor.

• ChewyflagshipStrategic or Co-development Partner · 3 June 2026PingPong was selected as Chewy's official cross-border payments partner to support Chewy's international expansion. PingPong provides cross-border collection and payout services to support Chewy, the largest online pet marketplace in the US, as it expands internationally.
• SabreflagshipStrategic or Co-development Partner · 1 June 2026Joint travel payments solution embedded in the Sabre Mosaic Marketplace. The PingPong-Sabre offering gives travel agencies access to optimised FX rates at the time of booking, helping them be more competitive and profitable by reducing the FX exposure of the booking-to-settlement timing gap. Future releases will extend into a more comprehensive payment experience tailored to the travel industry's unique demands.
• VisaflagshipStrategic or Co-development Partner · 27 May 2026Co-developed the Card to Account Payment Solution under Visa's Business Payment Solution Provider (BPSP) programme. PingPong is one of only three foundational providers chosen by Visa for the BPSP programme, giving PingPong access to commercial card processing across 170+ countries and 25 currencies. The solution enables corporate buyers to settle supplier invoices using commercial credit cards even when suppliers don't accept card payments, and is live in the UK, EU and Hong Kong with US and Singapore rollouts planned across 2026.
• Zip CocoreTechnology or Integration · 12 January 2026Direct local integration with Australian BNPL provider Zip Co, enabling cross-border enterprises to offer Zip as a payment option when entering the Australian market. Merchants can choose between hosted, embedded, or API integrations. Both local and international merchants are paid in full minus fees the next day while Zip manages end customer repayments. Part of PingPong's Australian acquiring services launch.
• Best Buy CanadaflagshipStrategic or Co-development Partner · 10 March 2025Best Buy Canada selected PingPong as its first cross-border payments partner to support its international growth and marketplace expansion (March 10, 2025).
• ClearBankcoreStrategic or Co-development PartnerPartnership with ClearBank, an API-native UK infrastructure provider, gives PingPong direct access to BACS, CHAPS and Faster Payments in the UK at scale, with PingPong's own brand on the infrastructure. Provides a named UK account and PingPong sort code and broad flow approvals across PingPong's international business lines.
• Form3coreStrategic or Co-development PartnerPartnership with Form3 to deliver SEPA payment infrastructure, supporting PingPong's direct participation in SEPA clearing schemes (SEPA Credit Transfer and SEPA Instant). Together they deliver a faster and safer payment infrastructure to the EU for PingPong clients.
• J.P. Morgan KinexyscoreStrategic or Co-development PartnerPartnership with J.P. Morgan's Kinexys team to facilitate 24/7 internal treasury movements with tokenized deposits, increasing liquidity and enabling faster money movements. Part of PingPong's bank-fintech partnership strategy.
• Bank of AmericacoreStrategic or Co-development PartnerPingPong's Aaron Xu joined Winnie Chen, APAC Head of Global Payments Solutions at Bank of America, on a Money20/20 Asia 2026 panel titled 'Trust at Scale: The Architecture Behind Moving Money in a Fragmented Global Commerce Landscape', highlighting the bank-fintech partnership model.
• AmazonflagshipChannel Partner/ Reseller/ DistributorTrusted marketplace partner; Amazon and other major marketplaces (eBay, Shopify, Walmart, Allegro, Rakuten, Mercado Livre, Newegg, Cdiscount, Wish, OTTO, Printify, Qoo10, B2W) appear in PingPong's customer logo wall, indicating they are served by PingPong's cross-border payments platform for marketplace seller payouts.
• eBayflagshipChannel Partner/ Reseller/ DistributorMarketplace partner featured in customer logo wall; served by PingPong for cross-border seller payments.
• ShopifyflagshipChannel Partner/ Reseller/ DistributorMarketplace partner featured in customer logo wall; served by PingPong for cross-border seller payments.
• WalmartflagshipChannel Partner/ Reseller/ DistributorMarketplace partner featured in customer logo wall; served by PingPong for cross-border payments.
• AllegrocoreChannel Partner/ Reseller/ DistributorMarketplace partner featured in customer logo wall; served by PingPong for cross-border seller payments.
• RakutencoreChannel Partner/ Reseller/ DistributorMarketplace partner featured in customer logo wall; served by PingPong for cross-border payments.
• Mercado LivrecoreChannel Partner/ Reseller/ DistributorMarketplace partner featured in customer logo wall; served by PingPong for cross-border payments.
• NeweggcoreChannel Partner/ Reseller/ DistributorMarketplace partner featured in customer logo wall; served by PingPong for cross-border payments.
• CdiscountcoreChannel Partner/ Reseller/ DistributorMarketplace partner featured in customer logo wall; served by PingPong for cross-border payments.
• WishminorChannel Partner/ Reseller/ DistributorMarketplace partner featured in customer logo wall; served by PingPong for cross-border payments.
• OTTOminorChannel Partner/ Reseller/ DistributorMarketplace partner featured in customer logo wall; served by PingPong for cross-border payments.
• PrintifyminorChannel Partner/ Reseller/ DistributorMarketplace partner featured in customer logo wall; served by PingPong for cross-border payments.
• Qoo10minorChannel Partner/ Reseller/ DistributorMarketplace partner featured in customer logo wall; served by PingPong for cross-border payments.
• B2WminorChannel Partner/ Reseller/ DistributorMarketplace partner featured in customer logo wall; served by PingPong for cross-border payments.

Scale indicators10 records

Recent moves9 records

Expansion highlights8 records

Broad incumbents

• Checkout.com: Global acquiring and cross-border processor serving large enterprises and marketplaces; overlapping acquiring, FX and payout capabilities, with comparable bank-rail and scheme memberships.
• Worldpay: Large incumbent merchant acquirer and cross-border processor owned by GTCR; competes for the same enterprise, marketplace and global-treasury RFPs where PingPong pitches its B2B cross-border stack.
• Adyen: Global payments incumbent offering acquiring, payouts and cross-border processing to large enterprises; broader portfolio (POS, unified commerce) but overlaps with PingPong's acquiring and multi-currency capabilities for enterprise merchants.
• Stripe: Global payments incumbent with Stripe Connect, multi-currency processing and Treasury; competes for marketplace, SaaS and enterprise cross-border volumes where PingPong is embedded.

Emerging players

• Remitly: Cross-border consumer remittance specialist with deep emerging-market corridors; partial overlap with PingPong's payout network and emerging-market licences, but focuses on consumer senders rather than B2B/marketplace flows.

Direct peers

• Payoneer: Direct competitor in marketplace seller payouts (Amazon, eBay, Walmart, etc.) and B2B cross-border payments; comparable customer base of cross-border SMBs and similar FX/correspondent-banking product suite.
• Nium: Direct competitor in cross-border B2B payouts and local-rail issuance, with similar multi-licence strategy (MAS, FCA, MAS, RBI) and embedded-finance API; competes for the same fintech, marketplace and corporate-treasury accounts.
• dLocal: Emerging-market cross-border payments specialist serving global merchants selling into LATAM, APAC and Africa; overlaps with PingPong's emerging-market coverage and marketplace-payouts proposition.
• Airwallex: Direct competitor offering multi-currency accounts, local collections, FX and card issuing for global B2B and marketplace sellers; closest comparable in API-first cross-border B2B with similar bank-partnership model and enterprise focus.
• Wise: Public cross-border payments specialist with multi-currency accounts and consumer/B2B FX; competes head-on with PingPong in marketplace payouts and SMB international transfers and sets aggressive FX pricing benchmarks.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/pingpongpayments
• Facebookfacebook.com/pingpongpaymentsapac

Compliance13 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries4 records

Funding overview

Funding rounds7 records

Investors13 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PingPong