- Ping Pong, a provider of fast money transfers and other payment services, has confirmed that it will move further into the Southeast Asian market.
- Clients can send cash abroad via various routes, including to the US and Europe.
- “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,” said a senior figure at the firm.
Ping Pong, a money transfer provider along with other payment services, has confirmed that it will move further into the Southeast Asian market, starting with Indonesia.
Ping Pong, set up around eight years ago, has over a million merchants on its books for its various payment offers, including payments across borders, VAT and supplier payments.
Ping-Pong’s customers can send money abroad to various regions worldwide, including across Asia. Further afield, they can make transfers to Europe and the US.
Mukesh Sahu, Ping Pong’s Country Manager for India and Korea, said that the firm was aware that its business clients could be concerned about international expansion.
“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,” he explained.
He said that the company was also interested in the region because of the excitement its markets offered.
“But it is also one of the most exciting markets for ecommerce right now because a majority of the population is young and digital-savvy,” he said.
He added that the company was able to offer a “suite of solutions” to permit clients to send money at a lower cost.
“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 ecommerce businesses beyond borders,” he said.
Ping Pong has rapidly grown over the last eight years and claims to have managed business in more than two hundred nations and regions. It is approaching $100bn in terms of its transaction volume.
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