PingPong partners with MODIFI for B2B cross-border payment

Monday 20 November 2023 13:56 CET | News

Asia-based payment platform PingPong has announced its partnership with the fintech platform MODIFI to release a global B2B Buy Now, Pay Later (BNPL) global system.


PingPong announced its partnership with the fintech  platform MODIFI to release a global B2B BNPL global system.

This collaboration aims to transform B2B cross-border payments and digital trade finance, focusing on global trade digitalisation through PingPong's global payment reach across more than 200 countries, and MODIFI's expertise in trade finance and business solutions. In addition, MODIFI disposes of a payment infrastructure to provide global account solutions for exporters around the globe who are seeking sustainable growth in their international business.


PingPong - MODIFI partnership objectives 

Through this partnership, MODIFI intends to offer an end-to-end digital payment and financing solution for businesses engaged in cross-border trade. Moreover, PingPong collaboration with MODIFI will enable cross-border exporters and merchants to offer BNPL payment options to their B2B customers, helping them accelerate global business expansion and increase their revenues in cross-border ecommerce and foreign trade sectors.
The collaboration between PingPong and MODIFI harnesses advanced digital tech, a solid global banking account and payment financing infrastructure, and promising business tools to regulate working capital to deftly navigate risks and seize growth opportunities in the global markets for both buyers and sellers. 

With the PingPong - MODIFI partnership, sellers can benefit from the boom of instant invoice payments, fortifying their financial liquidity. Meanwhile, buyers enjoy a suite of adaptable and flexible payment terms.

According to PingPong, the partnership with MODIFI will offer a comprehensive digital payment and finance solution to help more businesses achieve global expansion, simplifying the complexities of cross-border financing to help businesses global expansion.


PingPong and MODIFI's previous partnerships in Asia

This partnership builds on PingPong and MODIFI's previous successes, including PingPong's EMI licence from the UK's FCA and alliances with major players like AliExpress, one of its first external partners to help Chinese merchants get paid abroad, due to its cross-border collection option on the ecommerce platform and support for cash withdrawal in different currencies.

Germany-based fintech MODIFI was founded in 2018 to make trade seamless and transparent for businesses around the globe, supporting major platforms such as Walmart, JD Worldwide, Amazon, Wayfair, Tmall International, Coupang, and Temu. Recently, it has partnered with the China-based payments platform Airwallex to launch Global Account Solutions for transferring money across multiple regions. Leveraging Airwallex's global payments and financial infrastructure, MODIFI has created Global Account Solutions, a payment tool which facilitates a seamless payment integration for exporters in China and large buyers around the world, by addressing the complexities and high costs of cross-border payments and invoice financing.

Overall, the PingPong - MODIFI partnership is an example of the ongoing evolution of financial technology, offering businesses a digital payment and finance solution that simplifies the complexities of cross-border financing. As both companies continue to collaborate and innovate, they are poised to make a significant impact on global trade by facilitating easier, more efficient, and more accessible B2B transactions on a global scale.

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Keywords: partnership, BNPL, payments , fintech, digital payments
Categories: Payments & Commerce
Companies: MODIFI, PingPong
Countries: Asia
This article is part of category

Payments & Commerce




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