Business Wire

i2c Partners with Fintech Unicorn PingPong to Power Rapidly Growing B2B Mastercard Credit Offering

Share

i2c Inc., a leading provider of digital payment and banking technology, today announced its partnership with PingPong, Hangzhou, China-based fintech unicorn providing business owners with modern, cross-border e-commerce payment solutions.

Leveraging i2c’s agile SaaS platform, PingPong will expand its existing commercial credit offering to new regions, specifically Hong Kong SAR and Europe. The product allows merchants to access instant payouts, as well as transaction fees as low as 1%, versus the 5% fees that have been historically charged to these international merchants.

“We are thrilled to work with such an innovative platform that’s redefining global e-commerce for sellers,” said Aurangzaib Khan, i2c general manager – MEA region. “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.”

“We chose to work with i2c because of their deep global footprint and unmatched experience in digital payments,” said Yu Chen, founder and CEO of PingPong. “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.”

This partnership will allow PingPong to utilize i2c’s Visa and Mastercard certifications to both issue and process cards on the two partner card networks in Hong Kong SAR, and i2c’s Visa certification to issue and process in Europe. The PingPong credit card offers transactions in 15 currencies, featuring real-time direct transfers to suppliers, employees and vendors, while also boasting zero foreign exchange fees within the PingPong virtual wallet.

About PingPong

Founded in 2015, PingPong is a leading technology company built on the global vision that empowers cross-border digital commerce to grow. We are one of the largest payment and digital trade solution providers serving ~1 million global businesses, individuals, large enterprises, and financial institutions. Our advanced technology platform allows business to be done in any market and in any currency across the world. Our one-stop, compliant and comprehensive suite of products include e-commerce payment, B2B trade payment, acquiring service, card issuing, FX management, supply chain finance, VAT tax services, enterprise solutions, business intelligence software and more.

Today, PingPong has accommodated business flows from over 170 countries/regions and onboards customers locally from 43 of them. Our tested and proven global infrastructure has processed over $70 billion transaction volume and connects over 100 international e-commerce marketplaces and ecosystem partners, as well as over 100 international financial institutions including top 8 out of 10 world’s largest commercial banks.

PingPong has established more than 20 global offices and holds relevant payment, forex, financing and internet operation licenses and permits in the world’s largest economies including the U.S., Europe, Greater China, Japan and India.

About i2c Inc.

i2c is a global provider of highly-configurable payment and banking solutions. Using i2c's proprietary "building block" technology, clients can easily create and manage a comprehensive set of solutions for credit, debit, prepaid, lending and more, quickly and cost-effectively. i2c delivers unparalleled flexibility, agility, security and reliability from a single global SaaS platform. Founded in 2001, and headquartered in Silicon Valley, i2c's next-generation technology supports millions of users in more than 200 countries/territories and across all time zones. For more information, visit www.i2cinc.com and follow us at @i2cinc.

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

Contact information

Heather Clifton
Chief Marketing Officer
media@i2cinc.com

About Business Wire

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

“PUMA and the Land of Games”: New Virtual Place on Roblox for PUMA Fans to Connect and Compete23.5.2022 17:00:00 EEST | Press release

PUMA in partnership with Wonder Works studio launches a vibrant and immersive sports-based experience on Roblox, a global online platform connecting millions of people through shared experiences. PUMA and the Land of Games experience features Roblox newest Layered Clothing technology, where players can customize their characters with hyperrealistic clothing that fits any avatar body type to wear PUMA from head to toe. As they explore the experience, fans will unlock new zones and additional PUMA sportswear pieces. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220523005611/en/ PUMA in partnership with Wonder Works studio launches a vibrant and immersive sports-based experience on Roblox, a global online platform connecting millions of people through shared experiences. (Photo: Business Wire) “PUMA and the Land of Games” offers the global Roblox community to bring out their inner athlete through sports mini games and training

Fabrice Tocco, Dawex co-CEO, Speaking at the World Economic Forum Annual Meeting in Davos about Data Ecosystems to Respond to Competitiveness and Economic Sovereignty Challenges23.5.2022 16:40:00 EEST | Press release

Dawex, the leading technology company for data exchange, data marketplace and data hub, announced today that co-CEO Fabrice Tocco will be speaking at the World Economic Forum Annual Meeting in Davos, and will share his vision on creating new data exchange ecosystems to respond to environmental and economic challenges. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220523005654/en/ Live Session at Davos (Photo: Dawex) “Strengthening Trust in Public-Private Data Exchanges” Tuesday, May 24 at 13:30 CET Data ecosystems have become a fundamental component of business competitiveness and economic sovereignty. In today’s economy where data has become a product of unlimited potential, with its own value, and a source of new revenue streams, Dawex technology allows organizations to create new ecosystems around data exchange platforms that meet regulatory requirements and address traceability and security challenges. About Dawex In to

Daiichi Sankyo Europe highlights need to address the perception and classification of CVD risk with data presentations at EAS 202223.5.2022 16:15:00 EEST | Press release

Daiichi Sankyo Europe, (hereafter, Daiichi Sankyo) announced today multiple data presentations at the European Atherosclerosis Society (EAS) Congress 2022, highlighting the need to address current clinical perceptions and classification of risk of developing or exacerbating cardiovascular disease (CVD).1,2 Latest data from SANTORINI, a multinational, prospective, observational study designed to assess the management of high- and very high-risk CV patients requiring lipid-lowering therapy (LLT) in routine clinical practice, demonstrated that the CV risk of patients analysed was notably underestimated in clinical practice according to European guidelines.1,2,3 Data show that of the 9,044 patients analysed within the SANTORINI study 70.8% of patients were classified by the investigators as being at very high-risk and 29.2% as high-risk of heart attack or stroke. However, of those high-risk patients, 41.5% demonstrated evidence of atherosclerotic cardiovascular disease (ASCVD) which dictat

Coliseo De Puerto Rico and ASM Global Recognize 10,000,000th Visitor at Tommy Torres Concert23.5.2022 16:00:00 EEST | Press release

The Coliseo de Puerto Rico José Miguel Agrelot and ASM Global, the world’s largest producer of live entertainment experiences, surprised Melanie Biringer-Figueroa with the news of being the 10,000,000th visitor to the “Choli” as she made her entrance to the venue on Saturday to enjoy the Tommy Torres concert, “El Playlist de Anoche Live.” This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220523005410/en/ ASM Global’s Coliseo de Puerto Rico Jose Miguel Agrelot’s Jorge L. Pérez, CVE, regional manager of ASM Global, (center) and Mariela Vallines, executive director of the Puerto Rico Convention District Authority, (left) celebrate with fan Melanie Biringer-Figueroa (right) with news of Biringer-Figueroa being the revered venue’s 10,000 000th visitor this weekend. (Photo courtesy ASM Global). “We are overjoyed to be able to recognize our 10 millionth visitor and celebrate this historic and special moment with her,” said Jorge L. Pé

Firestoke Announce $2.2m Seed Funding Round Led by Hiro Capital to Publish Joyful Indie Games for a Global Audience23.5.2022 16:00:00 EEST | Press release

Firestoke, the indie game publisher founded by serial games industry entrepreneur Paul Farley in 2021 today announced its $2.2m/£1.7m/21m kr Seed Funding round. The investment was led by Hiro Capital and includes other investors with a strong gaming and game technology pedigree, adding significant strategic value and extensive networks. Firestoke aims to bridge the gap between a growing and increasingly diverse global audience who demand games that complement AAA and mobile experiences. Their focus on delivering compact, accessible, social and - most importantly - joyful games for console and PC is driven by a mix of creative and data driven insights. The round was led by Hiro Capital, an entrepreneur founded venture capital fund for video games, esports, gamified fitness and Metaverse creators. Also participating in the round are Swedish games investors Behold VC and Scottish technology fund Techstart Ventures. “It’s a privilege to have the opportunity to work with such proven game-fo

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom