Exciting news! PingPong Payments has received an Electronic Money Institution license from the UK Financial Conduct Authority, allowing the company to enhance services in the UK and Europe. Our cutting-edge technology streamlines international payments, providing enhanced value to our customers.
Read the full article: https://www.finextra.com/pressarticle/96589/pingpong-payments-secures-emi-licence-in-the-uk
What is PingPong Payments and what is an EMI license?
PingPong Payments is a global leader in cross-border payments and financial solutions. We have recently received an Electronic Money Institution (EMI) license from the United Kingdom's Financial Conduct Authority (FCA). An EMI license enables companies like PingPong Payments to offer a comprehensive range of financial services to customers and partners across the UK and Europe.
An EMI license is a license granted by the FCA to companies that allow PingPong to offer electronic payment services, such as online payments and transfers, virtual credit cards, accounts payable and receivable management solutions, and cross-border payment solutions. The FCA regulates these services to ensure they are secure, reliable, and trustworthy.
Why is an EMI license important for PingPong Payments?
We have been able to expand our reach and enhance our services in both the UK and the broader European market with the EMI license. Our cutting-edge technology and deep understanding of the global financial landscape enable us to streamline international payments and deliver enhanced value to our customers.
Our dedication to security, customer service, and innovation has enabled us to process over $100 billion in cross-border payments since our inception, serving more than 1 million customers around the globe. Regulatory approvals from many major markets such as the US, Luxembourg, Mainland China, Hong Kong, Japan, Australia, and India have allowed us to cover over 200 countries, which account for more than 95% of the world's GDP, through our licenses and partnerships with banks and fintech firms.
PingPong Payments' growth and recognition
Established in New York in 2015, PingPong Payments has experienced rapid growth in the global fintech space, empowering eCommerce merchants and platforms, cross-border trade participants, service and software providers, and gig economy workers as a worldwide solution for international growth.
We are proud to have received recognition for our dedication to security, customer service, and innovation. CB Insights recognized PingPong as one of the world's Top 250 Fintech startups in 2020, while FXC Intelligence named us among the Top 100 Cross Border Payment Companies in the World in 2023.
The Benefits of PingPong Payments for international trade
PingPong Payments offers a range of benefits for businesses involved in international trade. Our innovative technology and regulatory approvals from many major markets allow us to offer competitive rates and streamlined cross-border payments. Our comprehensive range of financial services, including VAT tax payment services, accounts payable & accounts receivable management solutions, virtual receiving/collection accounts, and virtual credit cards, enable businesses to manage their financial transactions seamlessly.
We provide unparalleled customer support and ensure that transactions are secure, reliable, and trustworthy. By removing barriers and friction associated with cross-border trade and payments, we empower businesses to expand their global reach and increase revenue.
Do you know?
Did you know that PingPong Payments has processed over $100 billion in cross-border payments since its inception, serving more than 1 million customers worldwide? Our dedication to security, customer service, and innovation has allowed us to streamline international payments and deliver enhanced value to our customers. With regulatory approvals from many major markets and our cutting-edge technology, we are uniquely positioned to empower businesses involved in international trade.
We hope you enjoyed learning about our recent EMI license and how it will enhance our services across the UK and Europe. At PingPong Payments, we are committed to providing innovative financial solutions that meet the needs of our customers.
