Move will aid global expansion and streamline cross-border services
IN BREIF:
- PingPong is a leader in cross-border payments and financial solutions
- The EMI license enables PingPong to offer a comprehensive range of financial services to customers and partners across the UK and Europe
- PingPong’s network now covers over 200 countries, which account for more than 95% of the world’s GDP
What does this mean?
“We are thrilled to have been granted the EMI license by the FCA, which is a testament to our commitment to delivering innovative financial solutions that meet the needs of our customers,” said PingPong Managing Director Kenny Tsang. “The UK is the sixth-largest economy in the world according to the IMF and holds significant importance as a key financial hub. Our entry into this market underscores our commitment to providing innovative payment solutions to customers worldwide.”
