PingPong
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.
- Company typePrivate
- Founded2015
- HeadquartersLondon, United Kingdom
- Headcount1,001–5,000
- GTM typeB2B
- OfferingSoftware
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.
PingPong firmographics
Firmographics- 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
PingPong industry classification
Industry- 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
Where PingPong is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices19 records
Markets served
PingPong business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Transaction fees on local collections: Revenue from local account collections in 20+ currencies via local rails and SWIFT; charged on a per-transaction basis
- FX margin on currency conversion: Revenue from FX spread on multi-currency wallet conversions, with volume discounts; supports 25+ currencies and 400+ currency crosses
- FX markup monetisation for marketplaces: Marketplace platforms can monetise FX with a markup to sellers when converting funds on the platform
- 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
- 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
- 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
| Model | Billing | Price |
|---|---|---|
| Other | — | Quote-based custom pricing for enterprise cross-border payment infrastructure |
Go-to-market motion5 records
Distribution channels6 records
Marketing channels9 records
PingPong product offering
Product offeringCore 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
Companies that use PingPong
Customer profileNamed customers17 records
Segments7 records
Ideal customer profiles5 records
PingPong technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration17 records
AI capability4 records
Feature8 records
PingPong partnerships and signals
Strategic signalPartnerships
23 partnerships are on record, tiered flagship, core and minor.
- ChewyflagshipPingPong 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.
- SabreflagshipJoint 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.
- VisaflagshipCo-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 CocoreDirect 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 CanadaflagshipBest Buy Canada selected PingPong as its first cross-border payments partner to support its international growth and marketplace expansion (March 10, 2025).
- ClearBankcorePartnership 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.
- Form3corePartnership 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 KinexyscorePartnership 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 AmericacorePingPong'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.
- AmazonflagshipTrusted 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.
- eBayflagshipMarketplace partner featured in customer logo wall; served by PingPong for cross-border seller payments.
- ShopifyflagshipMarketplace partner featured in customer logo wall; served by PingPong for cross-border seller payments.
- WalmartflagshipMarketplace partner featured in customer logo wall; served by PingPong for cross-border payments.
- AllegrocoreMarketplace partner featured in customer logo wall; served by PingPong for cross-border seller payments.
- RakutencoreMarketplace partner featured in customer logo wall; served by PingPong for cross-border payments.
- Mercado LivrecoreMarketplace partner featured in customer logo wall; served by PingPong for cross-border payments.
- NeweggcoreMarketplace partner featured in customer logo wall; served by PingPong for cross-border payments.
- CdiscountcoreMarketplace partner featured in customer logo wall; served by PingPong for cross-border payments.
- WishminorMarketplace partner featured in customer logo wall; served by PingPong for cross-border payments.
- OTTOminorMarketplace partner featured in customer logo wall; served by PingPong for cross-border payments.
- PrintifyminorMarketplace partner featured in customer logo wall; served by PingPong for cross-border payments.
- Qoo10minorMarketplace partner featured in customer logo wall; served by PingPong for cross-border payments.
- B2WminorMarketplace partner featured in customer logo wall; served by PingPong for cross-border payments.
Scale indicators10 records
Recent moves9 records
Expansion highlights8 records
PingPong competitors and assessment
Company assessmentBroad 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
PingPong social profiles
Digital presencePingPong compliance and trust
Trust signalCompliance13 records
PingPong financial estimates
Financial estimateRevenue estimate
Valuation estimate
PingPong leadership team
Management profileNumber of profiles
Profiles10 records
PingPong subsidiaries and ownership
Company hierarchySubsidiaries4 records
PingPong funding detail
Funding detailFunding overview
Funding rounds7 records
Investors13 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PingPong M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PingPong
What does PingPong do?
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.
Is PingPong a public or private company?
PingPong is a private company. It is classified as venture growth investor backed and is currently operating.
When was PingPong founded?
PingPong was founded in 2015. It employs 1,001 to 5,000 people.
Where is PingPong based?
PingPong is headquartered in London, United Kingdom, in the Europe region.
How does PingPong make money?
Six revenue lines are on record. Transaction fees on local collections are the primary driver. The others are FX margin on currency conversion, FX markup monetisation for marketplaces, card issuing and acquiring fees, platform/API subscription and usage fees and B2B card-to-account payment solution fees.
Who are PingPong's main competitors?
Broad incumbents on record are Checkout.com, Worldpay, Adyen and Stripe. Remitly is listed as an emerging player. Direct peers are Payoneer, Nium, dLocal, Airwallex and Wise.
Does PingPong have an API?
Yes. PingPong offers a developer toolkit/API with integrations and webhooks for building payment flows. The platform is built on a Java/Spring framework, supports IP whitelisting for secure access, uses SHA-256 hashing for security, and complies with the eIDAS framework. API-first architectures allow seamless integration with banking partners' compliance systems. Documentation is publicly accessible via the developer portal at docs.pingpongx.com. Developer documentation is at docs.pingpongx.com/api/home/welcome.
What industry is PingPong in?
PingPong's product category is Cross-Border Payment Infrastructure. Its primary akta.pro industry code is FSAGAKAH, Remittance & Cross-Border Payment Rails (SWIFT, Local Clearing, RTP Connectivity), with a secondary code of FSAGABAJ, Alternative Payment Methods (APM) Enablement (Wallets, A2A, Local Rails). Its NAICS code is 522320.