PingPong partners with MODIFI for B2B cross-border payment

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.