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 bank 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.

PingPong Europe leader team

  • Ning Wang

    Manage 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).