Our story
PingPong Financial is a rapidly growing innovative payment service provider for cross-border e-commerce merchants across the world, which was founded by a group of payments and finance professionals in New York in 2015. Today, PingPong headquarter is located in Hangzhou, the payment and e-commerce hub of China, with business operations across 3 continents and over 500 employees. PingPong is committed to bring best-in-class services to merchants and to help them grow their business.
The story of PingPong begins with the “incredible 1%”. Back in 2016, most of the Asian cross-border merchants had difficulties opening a US bank account to withdraw their US earnings to their local Payment account. Even if some merchants managed to get a US bank account, they faced outrageous fees - between 3 and 5% - and a slow process - waiting for at least 3 business days - to bring home their earnings.
Thanks to the initiative of PingPong, cross-border merchants can now conveniently obtain a global PingPong pay-out account without any set-up fees, and withdraw their earnings within 1 business day for a fee as low as 1%.
Milestones of PingPong Europe
2017
We launched Luxembourg office.
September 1st, 2017
We obtained a Payment Institution License in Luxembourg.
2019
We have successfully processed more than $10 billion in payments for our customers across Amazon, Cdiscount, and more marketplaces.
2020
We upgrade to E-Money Institution License in Luxembourg.
PingPong Europe leader team
Ning Wang
Managing Director
Ning Wang is the Chief Business Officer of PingPong. Ning is responsible for financial planning, business strategy and partnership development outside of China. Previously, he was responsible on business development at Alipay U.S. and finance at PayPal China. Ning has obtained an MBA degree of Kellogg School of Management of Northwestern University.
Erik Wilgenhof Plante
Chief Compliance Officer
Erik began his international banking career in 1996 in the Netherlands. He was a member of the team that created the first payment and investment website of ABN AMRO and has been a compliance executive at banks of Singapore for 10 years. Erik is active in fintech since 2014 when he joined PayPal. He was the CCO of the first regulated bitcoin stock exchange, itBit in New York, and few cryptocurrency companies. He has worked one year in Abu Dhabi as responsible of emerging technologies and infrastructures for ADGM.
Erik studied law at Amsterdam University and holds an MBA degree from St Louis Webster University. He was a founding member of the Singapore chapter of the Association with Certified Anti-Money Laundering Specialists (ACAMS) and a member of the International Compliance Association (ICA).
Aaron, Shuai Lu
Managing Director
Aaron is the Chief Marketing Officer of PingPong. He oversees marketing, product integration and risk management. He has a wide range of technical and marketing experience, ever worked as a senior management member of the China company of a well-known international company group.
Aaron graduated from Zhejiang University and obtained his Master degree in Control Science and Engineering.
Chunhe Zhang
Managing Director
Chunhe Zhang is responsible for financial reporting, payment & IT operation, European business development. He has over a decade of experiences in the Chinese and European banking market. As the first Head of ICBC European Cash Management Center, Chunhe was the pioneer to merge Chinese cash management vision with European practice for Chinese enterprises. Chunhe studied in Tsinghua University and the University of Pantheon Assas Paris II, and obtained a Master degree in Applied Economics
English (EU & UK)