Mastercard and PingPong Join Forces to Expand Solutions for Global Cross-Border E⎯Commerce
January 25, 2022 | Hong KongMastercard and PingPong, global leading cross-border payment service platform, today announced their collaboration that will provide more secure and efficient payment solutions for cross-border e-commerce merchants. The partnership will focus on the fields of acquisition and card-issuing services.
According to Salesforce Shopping Index, global digital commerce grew 58 percent year-on-year in Q1 2021, reflecting the continued growth in online shopping[1]. This new partnership will allow cross-border e-commerce businesses, particularly small and medium-sized enterprises (SMEs), to benefit from comprehensive digital payment solutions, including more effectively harnessing online sales data. As a renowned payment processing service provider for global commerce, PingPong provides e-commerce clients compliant, secure, efficient and value-added profound payment solutions, striving to refine all operational aspects in great depth.
“The partnership with Mastercard is a milestone for PingPong in our globalization strategy. Digital transformation has allowed the economies of Asia and other emerging markets, particularly China, to gain access to the global market on a larger scale and at a deeper level. Cross-border payment plays a crucial role in enabling payment services in global transactions. PingPong will combine its cutting-edge experience in worldwide cross-border payment with Mastercard’s expertise to provide more efficient and convenient financial services for companies entering the global market, including SMEs, technology enterprises and traditional enterprises that are undergoing digital transformation,” said Chen Yu, founder and CEO of PingPong.
“Mastercard is focused on innovating its payments technology to better support SMEs and are therefore pleased to partner with PingPong to provide companies with a comprehensive, efficient and secure payment solution for them to further develop their business. Mastercard believes that this partnership will serve to expand SMEs’ access to cross-border e-commerce, supporting their growth at a time when digital and online shopping continues to boom,” said Helena Chen, Managing Director, Hong Kong and Macau, Mastercard.
Building on this significant partnership, the two organisations will work together in the long term to use technology to offer users more comprehensive and reliable payment systems and financial services.
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About PingPong usa.pingpongx.com
PingPong was founded in 2015 and in the wave of booming global cross-border e-commerce. It has become one of the world’s largest cross-border e-commerce payment service providers, providing global payments and merchant services for millions of global sellers and mainstream cross-border e-commerce platforms. PingPong is committed to empowering companies to participate in the joint construction of a new cross-border economy through technological innovation, helping companies win global competitiveness, and promoting the prosperity of cross-border trade ecology. With a complete global payment network, innovative product service system, extensive customer base and partners, fast-growing business scale and industry influence, PingPong has achieved rapid development in the six years since its establishment and has always been a pioneer and innovation.
About Mastercard (NYSE: MA) www.mastercard.com
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.
