The Challenge

As a payments service provider (PSP) servicing financial institutions, it’s important to enable both fast and compliant money movement for many across the globe. As one fintech looked to expand their capabilities, however, they soon faced a hurdle: A massive pipeline of customers in need of compliant, reliable cross-border payment options across regions they did not currently operate in – specifically throughout Asia.  

The team recognized a need to elevate their product, through expanding their presence to achieve a new level of growth. It became clear that a trusted partner was necessary to provide the infrastructure needed to expand their capabilities across currencies, corridors, and countries. 

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The Solution

For this client, their needs included a  a fully-embedded experience to provide pay ins, pay outs, FX, and wallet experiences to their customers. With our easy to integrate API documentation, they were up and running in a matter of weeks – not months – without needing to worry about obtaining intensive regulatory licensing, bank integrations, and operational processes. 

This was crucial in addressing the hurdle of reaching new markets where they previously lacked access, now enabling the set up of local bank accounts for clients across the globe.

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The Result

Since partnering with us, not only do their clients have more opportunities, but new channels and product offerings are now available for a larger customer base.

Clients can now be onboarded and approved to their platform within 24 hours, with instant access to SWIFT and local-payment enabled accounts across the US, UK, Canada, Mexico, Brazil, Japan, Australia, and India.

A global presence, accredited banking partners, and custom, embeddable solutions were all important factors that made partnering with PingPong the right choice. By accessing our treasury solutions, they can now also easily set up local bank accounts for their clients, while also facilitating their clients’ abilities to onboard customers and enable payouts in new geographies.