- FinTech unicorn PingPong Payments now enables marketplace sellers, SMBs & 
larger enterprise traders to access Europe's hottest markets through expanded 
currency capabilities

    Global payments and e-commerce services provider PingPong Payments, today 
announces expanded payments processing and currency exchange services for both 
the Polish (PLN) and Swedish (SEK) currencies, allowing access to these growing 
markets for U.S. and international products and services sellers. 

    Both PLN and SEK are the latest currencies to be added to PingPong 
Payments' global payments solutions, which now offers merchants and online 
sellers, over Amazon and other platforms, the most currency conversion service 
options and widest international market access for payments transactions. 
PingPong Payments is currently the only Amazon Payment Service Provider that 
offers the Polish currency. 

    Sweden and Poland are two of Europe's fastest-growing e-commerce markets. 
Poland has seen unprecedented growth in online sales due to Covid-19, with 
nearly 80 percent [ 
https://ecommercenews.eu/ecommerce-in-poland-breaks-records/#:~:text=Polish%20ecommerce%3A%20almost%2022%20billion%20euros%20in%202020&text=Currently%2C%20nearly%2080%20percent%20of,to%20almost%2022%20billion%20euros. 
] of internet users in Poland making online purchases. Leading Polish 
e-commerce platform Allegro reports that 20m clients visit its website every 
month. Similarly, in Sweden, revenue in the e-commerce market amounted to 
US$11,211m [https://www.statista.com/outlook/dmo/ecommerce/sweden] in 2020 and 
is expected to grow by 5.2% annually, resulting in a market volume of 
US$13,729m by 2024.

   Kenny Tsang, Managing Director at PingPong [https://pingpongpayments.com/] 
Payments, comments: "During a year that saw many traditional businesses 
disrupted by Covid-19, PingPong has been able to successfully support a surging 
e-commerce market and achieve global growth. Our ability to now offer both 
Polish and Swedish currency exchange services will provide U.S. and 
international merchants with access to two of the fastest-growing, richest 
e-commerce markets in Europe."

    With the addition of PLN and SEK currency conversion services, PingPong 
Payments now offers marketplace sellers in the U.S. and other geographies 
support with: the U.S dollar (USD), Canadian dollar (CAD), Australian dollar 
(AUD), Japanese yen (JPY), Arab Emirates dollar (AED), Euro (EUR), British 
pound (GBP), Chinese yuan (CNH), Hong Kong dollar (HKD) and Singapore dollar 
(SGD).  

    In addition to cross-border payments 
[https://pingpongpayments.com/cross-border-payments/] processing and currency 
exchange services, PingPong Payments supports U.S. and international seller 
growth in overseas markets via additional services including lending, payroll 
and virtual account solutions. This includes tax and customs registration, 
supplier validation and payment, market intelligence, and marketing and sales 
support services.

    Kenny continues: "Our innovative payment services have enabled us to become 
the chosen multidimensional partner of growth to hundreds of thousands of 
professional sellers, who wish to expand sales internationally. We support our 
merchants in a way the banking system was not built to, by beating traditional 
rates and reducing cross-border payment friction through our unique virtual 
accounts, which mitigate anti money laundering challenges."

    Kenny concludes: "Merchants should be strengthening their supply chains for 
year-round international sales instead of waiting for peak seasons. By 
partnering with the right network of cross-border payment services, e-commerce 
merchants can instantly collect, convert and transfer money from all corners of 
the world, and set their sights on global domination post pandemic. We save 
cross-border merchants both time and money through innovative services such as 
VAT processing and opening local bank accounts – allowing them to keep more of 
their hard-earned profits." 

   About PingPong Payments

   PingPong Payments was founded in 2015 with the mission of helping global 
e-commerce sellers keep more of their profits by beating the rates traditional 
banks offer. Today, the company acts as a multi-dimensional growth partner to 
more than 750,000 online sellers worldwide, has processed more than 90 billion 
in cross-border payments for e-commerce merchants to-date, and transfers more 
than 150 million per day for international e-commerce sellers. Global merchants 
around the world trust PingPong Payments to help them save on cross-border 
payments, VAT & supplier payments, and more. PingPong works with reputable 
brands such as Citibank, J.P. Morgan and Wells Fargo that have won licenses to 
operate efficiently and are subject to strong regulatory and supervisory 
frameworks across the U.S., Europe and Asia.

   Source: PingPong Payments