PingPong, the China-based cross-border payment solutions provider, has expanded its global payments platform into the United Arab Emirates (UAE) and Malaysia, following license approvals from local central banks.
The firm said in a statement on Thursday that these new licenses add to PingPong’s already significant portfolio of over 60 global licenses, strengthening access to key Asian and Middle Eastern markets for enterprises using its platform.
It is noted that the firm’s platform delivers faster, more transparent, and higher-quality cross-border business to business (B2B) transactions through direct connectivity to the European Union’s Single Euro Payments Area (SEPA) and the United Kingdom’s Faster Payments Service (FPS), alongside global SWIFT messaging integration.
Its onboarding suite of automated KYC and artificial intelligence (AI)-enhanced tools accelerates enterprise customer deployment while reducing friction and compliance risk.
These innovations enhance the reliability of PingPong’s global platform and support growth for enterprise financial institutions and software solutions.
In recognition of PingPong’s commitment to robust compliance practices, it has become the first Chinese-headquartered company to obtain in-principle approval from the Central Bank of the UAE (CBUAE).
The license granted by the Central Bank of Malaysia, Bank Negara Malaysia (BNM), further expands PingPong’s extensive presence in Southeast Asia, following its recent expansion into Indonesia and existing presence in Vietnam, Thailand, Singapore, and the Philippines.
“These licenses show how PingPong’s platform is rapidly expanding, delivering on its roadmap to build comprehensive global coverage through our global portfolio of regulatory licenses,
“The Middle East is fast becoming one of the most strategic corridors for international trade, and Southeast Asia continues to be a digital and economic growth powerhouse,” said Aaron Xu, Partner at PingPong.
“Our goal is to strengthen access to every major trade corridor for enterprise businesses, supporting them with a platform that acts as a strategic bridge between the world’s fastest-growing economies,” he added.
It is noted that due to fragmented banking infrastructure and reliance on legacy correspondent networks, B2B transactions suffered from regulatory complexity, outdated infrastructure, and significant compliance requirements.
Cross-border payments could take days to reach the recipient and cost ten times more than a domestic payment.
Demand is shifting rapidly toward near-instant global solutions, driven by rising trade flows from West to East and the need for embedded regulatory interoperability.
PingPong’s platform roadmap addresses these challenges through direct connectivity to key domestic schemes, including SEPA and FPS in the UK, and via global SWIFT messaging integration.
For enterprises on PingPong’s platform, direct access enables faster and more transparent payments by removing reliance on intermediary banks.
It also allows for richer data transmission, improved system interoperability, and greater control over transaction flows.
PingPong’s platform has also integrated AI-driven onboarding tools, enabling enterprise customers to deploy faster while maintaining rigorous compliance standards.
This automation reduces time-to-activation for new clients and strengthens its platform with real-time risk checks, dynamic monitoring, and consistent policy enforcement across jurisdictions.
As the volume and complexity of global payments continue to rise, these capabilities enable the firm’s platform to support large-scale enterprise growth while keeping the network secure, efficient, and regulator-aligned.
“Enterprise payments need to be fast, trusted, transparent, and fully aligned with local regulation,” said David Messenger, Chief Executive Officer of Global Businesses at PingPong.
“Our platform connects directly to payment schemes such as SEPA, enabling faster, more reliable cross-border flows,
“Our automated and AI-powered onboarding / KYC reduces risk and friction, helping enterprise clients confidently scale across global markets,” he added.
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