Ping Pong Payments To Act As Intermediary For Indian Businesses To Establish itself In Australia

Ping Pong Payments, a leading global payment platform, obtained the Australian Financial Services License ("AFSL") from the Australian Securities and Investment Commission ("ASIC"). This license qualifies Ping Pong to offer non-cash payments and forex services in Australia, adding to its already substantial list of operating licenses globally.

The license shall enable Indian business owners to now operate freely and safely in Australian markets. The established network and sophisticated compliance practices in major and emerging global economies allows Ping Pong to assist digital trade coverage in more than 200 countries and regions around the world.

In addition to the global license footprints, the ecosystem for the global payment services provided by Ping Pong includes six major international card organizations, in order to provide the top financial networks to customers globally. In addition to common co-operations such as channels and settlement, Ping Pong has also established deeper cooperative relationships with banks to jointly develop products and expand markets, enabling users to achieve global payment capability and safety.

Addressing the collaboration Mr. Mukesh Sahu, country manager Ping Pong said “With the recent receipt of the AFSL, Ping Pong's customers can enjoy a significantly streamlined cross-border payment solution, with practices strictly-compliant with local regulations and seamless transactions. India is expected to end the fiscal year 2022-23 with a total of US$760-770 billion worth exports. This collaboration shall give the global boost to our countries economy”.

Founded in 2015, PingPong is a leading technology company built on the global vision that empowers cross-border digital commerce to grow. PingPong is one of the largest payment and digital trade solution providers serving one million global customers. The company’s one-stop, compliant and comprehensive suite of products include e-commerce payment, B2B trade payment, service acquisition, card issuing, FX management, supply chain finance, VAT services, enterprise solutions, business intelligence software and much more.