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Payment Supplier PingPong Payments Secures E-Money License in Luxembourg

PingPong re Payments, a repayment company for e-commerce sellers, announced on Wednesday this has gotten its authorization being A electronic cash organization (EMI) by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. Launched in 2015, PingPong reported that its objective of assisting global e-commerce vendors keep more earnings, by beating the prices conventional banking institutions provide.

“Today, the business acts significantly more than 600,000 online sellers worldwide, has prepared a lot more than $10 billion in cross-border re payments for ecommerce merchants to-date, and transfers significantly more than $100 million a day for worldwide e-commerce vendors. International merchants all over globe trust PingPong Payments to greatly help them save well on cross-border payments, VAT & provider re re payments, and much more.”

PingPong stated that the permit allows it to provide an even more array that is flexible of while increasing the range of clients as time goes by. Continue reading