At a critical stage when the cross-border payment industry is shifting from “combining rates” to “combining compliance, localization, and scene exploration”, PingPong takes light asset cooperation + vertical scene development as its core strategy, relies on bank alliances and full-region license coverage to build a global payment network, and accurately enters high-potential overseas tracks such as games and new consumer catering, becoming the core financial partner for the globalization of Chinese brands.
In May 2026, PingPong at Money20/20
At the Asia Summit, it announced an in-depth strategic cooperation with Kasikornbank (KBank), one of Thailand’s four major commercial banks, which became a milestone in its expansion into Southeast Asia.
The two parties achieve deep system integration through API direct connection and integrate the two core advantages.
PingPong has a payment network covering 200+ countries and regions, multi-currency clearing capabilities and a mature risk control and compliance system; KBank has been deeply involved in Southeast Asia for more than 80 years, and Thailand has a complete local financial infrastructure. It has also been deeply involved in China for 30 years, covering branches in core cities such as Shanghai and Beijing, and deeply linking economic and trade exchanges between China and Thailand.
This cooperation directly solves the core pain points of overseas companies – Difficulty in localized payment and high compliance costs in emerging markets.
Through KBank’s local network, PingPong customers can seamlessly access local payment scenarios in Thailand and Southeast Asia, realize efficient flow of funds clearing and foreign exchange settlement, and provide a one-stop payment solution of “global compliance + local adaptation” for gaming, catering, and foreign trade companies in Southeast Asia.
Different from the asset-heavy self-build model of some players in the industry, PingPong
Adhering to the asset-light route of “license first, win-win cooperation”, we will rapidly expand our global footprint with compliance as the cornerstone.
It holds 67 payment licenses and permits around the world from China, the United States, the European Union, the United Kingdom, Singapore, Malaysia, the United Arab Emirates, etc., covering nearly 90% of the global GDP market, and is one of the few bilaterally licensed companies in China.
Among them, the Malaysian MSB license has been officially launched, and the UAE Central Bank payment license has been approved in principle, becoming the first third-party payment institution in China that is expected to obtain the UAE payment license.
At the same time, PingPong has reached cooperation with the world’s top banks such as Citigroup, JPMorgan Chase, and Standard Chartered, as well as local financial institutions in various places. It has in-depth cooperation with more than 200 financial institutions, and has also launched local bank collection accounts in Africa to achieve comprehensive breakthroughs in high-potential emerging markets in Southeast Asia, the Middle East, Europe, the United States, and Africa.
It has also established 40 branches in 15 countries in core markets around the world and set up localization teams to take into account global standards and local payment habits to ensure service response efficiency and compliance adaptability.
This combination of “Global license + global financial alliance + local team” allows PingPong to quickly enter emerging markets while strictly complying with local regulatory requirements, completely solving the core concerns of overseas companies of “unsafe payment collection and risky compliance.”
In the context of intensifying homogeneous competition in cross-border payments, PingPong avoids the red ocean of “price wars”, focuses on differentiated vertical scenarios, and deeply binds high-growth tracks such as overseas gaming and new consumer catering to form irreplaceable scenario-based service capabilities.
In terms of overseas gaming, PingPong has launched a targeted global acquiring solution for the gaming industry, which is fully adaptable and covers all mobile, PC and console terminals. The cashier is directly embedded in the game, so players do not need to jump to external applications, reducing user churn by 10%-15%; full payment method coverage, direct connection to six major international card organizations and local wallets in South Korea and Southeast Asia, payment success rate increased to 85%-95%
; It has served more than half of the domestic leading game manufacturers, covering all categories of casual, heavy-duty, mobile games and client games, and has become the first choice for overseas payment for games.
In terms of new consumer catering going overseas, in May 2026, PingPong signed contracts with four leading catering brands: Ningji, Green Tea, Zhu Guangyu Hotpot, and Xiong Dumplings to launch a “payment +” global fund management solution, including unified global account management, seamless adaptation of local payments, automated reconciliation and profit sharing, and the co-construction of ecological alliances, to help catering brands “go overseas” with thousands of stores.
In addition, PingPong is also deeply involved in sub-scenarios such as cross-border e-commerce, B2B foreign trade, and independent websites. It is directly connected to 200+ mainstream e-commerce platforms, supports the unified collection of funds from multiple platforms and multiple stores, and provides value-added services such as supply chain financing, exchange rate hedging, and export tax rebates, forming a “Collection + Financing + Risk Control + Management” full-link funding solution to adapt to the needs of different entities and truly realize
“There are no dead ends in the business and no dead ends in the market“.
From its alliance with KBank to deeply explore Southeast Asia, to 67 licenses and permits covering the world, to in-depth binding of vertical scenarios in games and catering, PingPong has embarked on a path of cross-border payment that is differentiated, compliant, and scenario-based.
Different from the homogeneous competition among peers in the industry, PingPong has always been positioned as “Partner of Chinese Brand Globalization“, using light asset cooperation to broaden market boundaries, using scene in-depth exploration to build core barriers, and using compliance capabilities to build a solid foundation of trust.
In the future, as China’s overseas brands continue to grow, PingPong will continue to deepen global financial cooperation, polish vertical scenario solutions, and use safe, efficient, and low-cost payment services to help more Chinese brands go overseas and develop steadily in the global market!
