To date, the cross-border payment fintech has established direct partnerships with all six major credit card schemes.
HONG KONG, June 20, 2022 /PRNewswire/ — PingPong, a leading provider of digital cross-border payments, recently entered into a direct partnership with JCB, whereby its hong kong– based merchants will be able to receive online payments from JCB cardholders worldwide. With this latest agreement, PingPong will have established direct relationships with the six major international credit card networks.
JCB, a major international card organization based in Japanis now available in 150 countries and regions around the world and has 146 million members, especially in the Asia Pacific region where the company enjoys considerable advantages in terms of market share. After several reviews undertaken by JCB, PingPong officially became the Card Issuer Member Organization in hong kong according to their cooperation agreement. With this collaboration, the company enables merchants to hong kong receive payments from JCB cardholders in addition to VISA, MasterCard, American Express, UnionPay and Discover, further increasing their customer touchpoints.
Compared to banks, international card organizations have traditionally implemented more stringent membership requirements for non-bank payment institutions, which include a comprehensive assessment of the compliance and operational qualifications of payment service providers, transaction history, risk management capabilities, customer service and brand. recognition throughout the cross-border payments industry. Currently, only a handful of payment service providers are qualified members of the six major international card organizations.
The direct partnership with JCB further strengthens PingPong’s cross-border payment channels in the APAC region, in addition to its extensive consumer coverage in North America and Europe. As PingPong continues to focus on the evolution of the cross-border e-commerce industry, these advancements will strengthen PingPong’s ability to provide more cost-effective, flexible, controllable, secure and convenient payment processing services.
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SOURCE Ping Pong