- i2c, which is a major provider of digital payment and banking services, has announced a new partnership with tech unicorn company PingPong as part of a push to offer improved e-commerce merchant payment services.
- The new arrangement will aim to bring an expanded and improved credit offer to people around the world in areas such as Hong Kong.
- “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,” said a spokesperson for i2c.
i2c, a provider of banking and digital payment services, has confirmed that it will join tech unicorn company PingPong to provide e-commerce merchant payment services.
The arrangement will see PingPong working with the software-as-a-service platform offered by i2c.
It will do this to bring its credit offer to new areas around the world, including Europe.
Also on the list of targeted regions for the newly expanded cross-border payments service will be Hong Kong.
It is expected that this will lead to reduced transaction fees and faster payout times.
In a statement, the general manager for the Middle East and Africa region at i2c said that the company was “thrilled” about the new arrangement.
Aurangzaib Khan said that he saw the platform that the company was about to work with as one that was changing international e-commerce.
“We are thrilled to work with such an innovative platform that’s redefining global e-commerce for sellers,” he said.
He explained more about the benefits that the solution package brings – including the fact that it is “all-in-one” and that it has many “key differentiators”.
“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,” he explained.
For PingPong, meanwhile, its founder and chief executive officer gave some more background on why the companies chose to work together.
Yu Chen said that i2c offered a strong international presence as well as expertise when it comes to digital payments.
“We chose to work with i2c because of their deep global footprint and unmatched experience in digital payments,” he said.
He pointed out that the arrangement would provide “best-in-class integrated service” to the portfolio offered by the company and would target a wide variety of different groups.
“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.”
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