PingPong Mastercard Credit Offering from i2c Partners

i2c Inc., a world-leading provider of digital payments and banking technology, announced today its partnership with PingPong Hangzhou, China’s Fintech Unicorn, which provides cross-border e-commerce payment solutions to business owners.

Leveraging i2c’s agile SaaS platform, PingPong will expand its existing commercial credit offering to new regions, specifically Hong Kong SAR and Europe. Merchants will be able to get instant payouts and lower transaction fees than the 5% previously charged to international merchants.

“We are thrilled to work with such an innovative platform that’s redefining global e-commerce for sellers,” said Aurangzaib Khan, i2c general manager – MEA region. “By providing an all-in-one payments solution to a massive B2B market, with key differentiators like real-time transactions and significantly lower transaction fees, PingPong is breaking down international business barriers and putting sellers’ needs at the forefront.”

“We chose to work with i2c because of their deep global footprint and unmatched experience in digital payments,” Yu Chen, founder of PingPong and CEO. “The partnership provides best-in-class integrated service to our growing portfolio, and through this collaborative expansion we can now cement PingPong’s mission to redefine the digital payment experience for sellers, entrepreneurs, and business owners worldwide.”

This partnership will allow PingPong to utilize i2c’s Visa and Mastercard certifications to both issue and process cards on the two partner card networks in Hong Kong SAR, and i2c’s Visa certification to issue and process in Europe. PingPong’s credit card allows transactions in 15 currencies and offers real-time transfers to vendors, employees, and suppliers. There are also zero foreign exchange fees through the PingPong virtual wallet.

 

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