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FinTech Unicorn PingPong secures innovative E-Money License in Luxembourg; PingPong, specialists in seamless cross-border transactions, has processed over $10 billion in e-commerce sales world-wide to date

Dec 02, 2020 - PR Newswire

PR Newswire

 Today, PingPong announces its authorisation as an Electronic Money Institution (EMI) by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. This would make it the first Luxembourg based B2B fintech, with offices in Hangzhou, New York, San Francisco, Japan and Hong Kong to achieve this feat in the EU after applying in December 2019.

The license enables PingPong to offer a more flexible array of services and increase the scope of customers in the fut...