BNP Paribas | May 27, 2022
PingPong Payments, the premier end-to-end payment platform, announced a partnership with BNP Paribas, Europe’s largest bank. Following the alliance, PingPing will become the first and foremost cross-border payments vendor to back Europe’s Direct-to-Customer (DTC) market.
By establishing a more comprehensive partnership with BNP Paribas, PingPong Payments will be integrated into the mainstream European financial system, providing greater access to a variety of local payment methods, and helping merchants with acquiring needs in the EU to quickly expand to the local market."
VP Head of Global Institution Group, Aaron Xu
Merchants will now be able to integrate with the PingPong platform through an API or access it directly. It will help merchants to process payments to verified sellers. In addition, it will help them collect and convert payments at a fraction of the cost while providing more transparency through Pingong’s closed loop payments system.
At present, PingPong supports online card payments for the world’s top five leading card brands. The provider also supports local payment methods including online banking transfers, various e-wallets and Buy Now Pay Later (BNPL). PingPong Payments has become one of the few providers to receive the European Electronic Money Institution (EMI) license in the country of Luxembourg. It makes it a qualified provider of prepaid cards, acquiring, payment, and e-wallets in the European market.
PayAlly | June 11, 2021
PayAlly has picked Banking Circle solutions to boost its cross-border payment services in multicurrency for B2B, a fully integrated payment system for small- and medium-sized enterprises. The new agreement allows PayAlly access to the Banking Circle Banking Network to a larger number of payment channels to improve the speed and price of payment internationally for their e-commerce consumers.
“At PayAlly, we seek to assist small businesses and people by providing them with faster and more dependable payments. Working with Banking Circle, we can make our B2B cross-border payments in different currencies faster, more efficient and more seamless than it was possible before. This enables us to make international payments in more channels. As a result, our clients can send and receive monies considerably more quickly and easily, which is good news for their cashflow and profitability.”
PayAlly, established in London, services over 1,000 corporate customers worldwide, providing accounts, transactions, prepaid cards, Foreign Exchange (FX), and factoring, as well as value-added services such as supply chain Customer Management System, accounting, and E-invoicing.
“PayAlly's ethos is very closely connected to ours, with its objective to create customer-centric solutions that break down barriers to international payments and enhance SME financial inclusion,” said Anders la Cour, co-founder and CEO of Banking Circle. “By collaborating, we can assist PayAlly's e-commerce businesses in expanding globally without the high costs and slow transfer fees that would otherwise stymie them.”
Banking Circle recently joined the P27 Nordic payment effort as a forerunner bank in developing bulk-clearing for the Danish Krone. P27 is a collaboration of several top banks with the purpose of creating the world's first digital platform for small businesses and consumers to make real-time, domestic and cross-border payments.
Lumin Digital | June 16, 2022
Cloud-based digital banking platform, Lumin Digital announced that North Jersey Federal Credit Union (NJFCU) has onboarded Lumin Digital to deliver digital and mobile banking solutions. Lumin Digital, will help support NJFCU’s 24,000 members and over $262 million in assets.
North Jersey Federal Credit Union was built by and for its members, which is why we are unwaveringly committed to finding the best and most innovative digital tools and technologies for those who trust us with their financial wellbeing. This partnership with Lumin Digital does exactly that."
Anna Lo, CEO of North Jersey Federal Credit Union
Lumin Digital’s digital banking platform solution is native to the cloud and will provide NJFCU with the integration and customization it needs to compete with larger financial institutions’ services. An emerging fintech company that emphasizes user experience, security, and safety through automation. The platform enables credit unions to offer their customers real-time notifications, fraud alerts, spending insights and financial advice. NJFCU is headquartered in Totowa, New Jersey and is committed to enhancing the customer experience by delivering secure financial transactions.
We admire NJFCU's remarkable commitment to providing their members with an exceptional digital banking experience. This collaboration will help NJFCU bring innovative banking capabilities to their members using next-generation technologies."
Jeff Chambers, founder and CEO of Lumin Digital