In recent years, the service model of cross-border e-commerce platforms has continued to innovate, making it easy for small and medium-sized enterprises to "go global". Under the spring breeze of overseas development of cross-border e-commerce platforms, as a downstream industry and important supporting facilities of the e-commerce industry, China's cross-border payment industry has also entered overseas markets, helping Chinese goods reach overseas customers faster.
As a global payment platform driven by technology and business model innovation, Pingpong combines the demand changes and upgrades under the development of new digital business formats, and takes technological innovation as the core driving force to continuously improve the flow of cross-border payment funds and the efficiency of product operation, so as to create a safe, efficient and convenient cross-border payment user experience.
In the core business links such as account system, payment process, fund management, currency exchange, credit evaluation, risk control and prevention involved in cross-border payment, Pingpong has a number of important scientific research achievements and key technical reserves with independent intellectual property rights, and actively applies them to actual business, and has established cross-border collection, foreign trade B2B collection and payment, global acquiring, global distribution, first-chain financing, exchange rate risk neutrality, enterprise expense management, SaaS enterprise services and other diversified product systems, and created a set of Currentz cross-border industry digital solutions with API SaaS open docking, which can provide one-stop cross-border ** comprehensive services for global small and medium-sized enterprises, technology enterprises and financial institutions.
As of the end of June 2023, Pingpong has more than 30 branches around the world, directly holds payment licenses and qualifications in the market accounting for nearly 90% of the world's GDP, and its business covers more than 200 countries and regions around the world, with a cumulative cross-border transaction value of more than 800 billion yuan. In the future, Pingpong will continue to deepen the innovation and R&D of cross-border payment scenarios, and continue to optimize the global development of small and medium-sized enterprises, technology enterprises and financial institutions through three global networks, namely "a licensed compliance network that accounts for nearly 90% of the world's GDP market", "a financial cooperation network that deeply connects global systemically important banks and six major card groups", and "a global ecological partnership network that connects the upstream and downstream of e-commerce platforms, logistics and warehousing, advertising and marketing, etc."