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Payment Supplier PingPong Payments Secures E-Money License in Luxembourg

Payment Supplier PingPong Payments Secures E-Money License in Luxembourg

PingPong re re Payments, a repayment supplier for e-commerce sellers, announced on Wednesday it offers gotten its authorization as a money that is electronic (EMI) by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. Started in 2015, PingPong claimed that its objective of helping global ecommerce vendors keep more earnings, by beating the prices conventional banking institutions provide.

“Today, the business acts significantly more than 600,000 online sellers worldwide, has prepared significantly more than ten dollars billion in cross-border re re re payments for e-commerce merchants to-date, and transfers significantly more than $100 million a day for worldwide e-commerce vendors. International merchants round the global globe trust PingPong Payments to greatly help them save well on cross-border payments, VAT & supplier re re payments, and much more.”

PingPong stated that the permit allows it to provide an even more flexible selection of services while increasing the range of clients as time goes on. Talking about the permit, Ning Wang , Co-Founder and Chief company Officer at PingPong, claimed:

“We are really proud to announce acquiring an EMI permit in Luxembourg , a world-renowned fintech hub and pioneer inside the EU market. This can strengthen our existing solutions which could support customers on various market places such as for instance Amazon, e-bay and Walmart and give us the flexibleness to broaden our enterprize model to beyond e-commerce platforms. ”

Pierre Gramegna , Minister of Finance, Luxembourg included:

“Today, Luxembourg is one of the payment that is leading e-money hubs into the EU and I’m pleased to note that it is growing. Read more