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Payment Supplier PingPong Payments Secures E-Money License in Luxembourg

January 13, 2021

Payment Supplier PingPong Payments Secures E-Money License in Luxembourg PingPong re re Payments, a repayment supplier for e-commerce sellers, announced on Wednesday it's gotten its authorization as a money that is electronic (EMI) by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. Established in 2015, PingPong reported that its objective of assisting e-commerce that is global keep more earnings, by beating the rates conventional banking institutions provide. “Today, the business acts a lot more than 600,000 online sellers worldwide, has prepared a lot more than ten dollars billion in cross-border re re payments for ecommerce merchants to-date, and transfers significantly more than $100 million each day for worldwide e-commerce vendors. Worldwide merchants round the globe trust PingPong Payments to aid them save well on cross-border payments, VAT & provider re re re payments, and much more.” PingPong stated that the permit allows it to provide a far more array that is flexible of while increasing the range of clients in the foreseeable future. Speaing frankly about the permit, Ning Wang , Co-Founder and Chief company Officer at PingPong, claimed: “We are really proud to announce acquiring an EMI permit in Luxembourg , a world-renowned fintech hub and pioneer in the EU market. This can strengthen our existing services which could help clients on various market places such as for example Amazon, eBay and Walmart and give us the flexibleness to broaden our enterprize model to beyond platforms that are e-commerce. ” Pierre Gramegna , Minister of Finance, Luxembourg included: “Today, Luxembourg is just one of the payment that is leading e-money hubs into the EU and I’m pleased to note that it is growing.
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