PingPong Launches in Indonesia to Increase its Presence in SEA

PingPong, a global payment solutions provider, has launched in Indonesia and intends to expand its presence in South-East Asian markets. PingPong, a pioneer in providing end-to-end payment solutions for global cross-border businesses, allows global e-commerce sellers to manage multiple currencies on a single, secure platform across the United States, Europe, and Asia.

Since its inception in 2015, the company has grown rapidly, and more than one million merchants now use its technologies for cross-border, VAT, and supplier payments.

PingPong is expanding its presence in South-East Asia at a time when buying and selling habits in the region have shifted dramatically as a result of the unprecedented challenges of the global pandemic. The digital economy of South-East Asia is expected to grow by 20%, approaching $200 billion in GMV. With extensive experience working with both upstream and downstream participants in the e-commerce payment ecosystem and providing high-quality cross-border financial services to enterprises of all sizes in the region, PingPong is well-positioned to capitalise on the growth of cross-border e-commerce in South-East Asia.

Launching the brand in the Indonesian markets, MrMukeshSahu, Country Manager, India & Korea Ping Pong, said, “We understand the anxiety of our customers when they venture into new markets, especially a region as diverse as South-East Asia, which consists of 11 countries, seven major languages and multiple local currencies. But it is also one of the most exciting markets for e-commerce right now because a majority of the population is young and digital-savvy. Our team provides a comprehensive suite of solutions that allow global payments at a lower cost and higher speed and, most importantly, helps our customers navigate cross-border compliance and regulatory complexities, which are some of the key concerns they have when establishing their e-commerce businesses beyond borders.”

Further, Eddy Sarputra, Indonesia country head, stated that "our presence will boost small - medium enterprises to support international cross-border payment in multicurrency, but also give priority to enhance domestics income through export, which is also in line with the Indonesia government's support for small medium enterprises or business."