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.