Connect with us

Buzz

PingPong Payments leads the global eCommerce boom with its dedicated supplier payments solution

NEW YORK, Aug. 24, 2021 /PRNewswire/ — It is estimated that global eCommerce sales will reach $5 trillion by 2022 and $6 trillion by 2024, according to eMarketer.
With new COVID-19 variants emerging, some parts of the world are facing further lockdowns and travel restrictions. As a result, consumers are expected to maintain their newfound digital spending behaviors, and this means that sellers now have even more opportunities to grow their businesses and expand globally.
In order for suppliers and merchants to keep up with evolving industry trends, many are looking for international channels to expand.
PingPong’s Supplier Pay feature is strategically positioned to enable online merchants and global suppliers to securely handle their international supply chain transactions and payments in real-time.
International supplier payments are traditionally slow and include many additional – and often hidden – fees for both parties – sending and receiving. With PingPong, suppliers can avoid the current trend of extended debtor days and delays awaiting inbound payments. Currently, China suppliers are waiting up to 92 days for invoices to be paid, while the average for the rest of world has reached an average of 66 days. Supplier Pay eliminates these types of obstacles by facilitating instant account-to-account payments in domestic currencies, positioning both parties to cut out intermediaries and save money on foreign exchange fees, while avoiding many economic triggers such as inflation and currency fluctuations.
Since its inception in 2015, PingPong has processed more than $90 billion for its global eCommerce customers, and over a million online merchants trust its platform.
Across the world, China and the US are currently the biggest online buyers, with other countries trailing behind. Due to PingPong’s support and expertise across supplier relations, sellers have valuable access to vetted Chinese and international suppliers. Sellers are therefore in a good position to negotiate better rates with their suppliers due to the speed, efficiency, and trust PingPong provides. It allows suppliers and merchants to manage all of their global payments and receivables, as well as marketplace repatriation, in one convenient hub.
Now, the fintech Unicorn’s comprehensive supplier payment feature is expanding to Vietnam and India, having seen success in its initial launch in the US in May of this year, adding to its robust suite of products tailored to suit customer needs – whether sending or receiving global payments, building internal process supporting payroll, virtual currency accounts, paying VAT and much more. 
Mr. Shui at Yunhong International Trade Company comments: “PingPong has more than a dozen offices overseas with really great localization services. With their local team’s help, our payments run smoothly with no communication problems.
The company is also a brilliant trailblazer in the payments space. PingPong connects suppliers and buyers, solving payment and information obstacles while facilitating communication opportunities. Thus, bringing us faster growth in international business.”
Keith Mander from Yuca LTD comments: “PingPong’s platform is ultimately a self-service product, and I can see my balance, add suppliers and make immediate payments from a single platform. It is straightforward. A provider like PingPong makes it more approachable to grow a business internationally. They remove so many pain points and consolidate all of my needs in one place – from receiving funds and ensuring competitive rates to secure, on-time payment delivery to everyone I am doing business with.” 
About PingPong Payments 
PingPong Payments was founded in 2015 with the mission of helping global eCommerce sellers keep more of their profits by beating the rates traditional banks offer. Today, the company acts as a multi-dimensional growth partner to more than 750,000 online sellers worldwide, has processed more than 90 billion in cross-border payments for eCommerce merchants to date, and transfers more than 150 million per day for international eCommerce sellers. Global merchants around the world trust PingPong Payments to help them save on cross-border payments, VAT & supplier payments, and more. PingPong works with reputable brands such as Citibank, J.P. Morgan and Wells Fargo that have won licenses to operate efficiently and are subject to strong regulatory and supervisory frameworks across the U.S., Europe and Asia.
 

Continue Reading
Advertisement
Click to comment

You must be logged in to post a comment Login

Buzz

Vikram Vedha to open its advance bookings in 1250 multiplexes from 24th September

Having received an amazing response from the masses for its amazing trailer, the makers of Hrithik
Roshan and Saif Ali Khan starrer Vikram Vedha are currently creating a buzz all around for its electrifying
dance number ‘Alcoholia’. While the audience is eagerly waiting for the film to hit the theaters, the
makers are all set to open the advance booking windows for the Audience.

Undoubtedly Vikram Vedha is one of the most anticipated movies of the year and the craze for the film
among the audience is constantly rising as the film is inching toward its release date. Putting an end to
the audience’s wait, the makers are all set to start the advance bookings of the film today.

Moreover, Vikram Vedha will have the largest international distribution for a Hindi film, with a record-
breaking 100+ countries worldwide. Before its release, the film has sparked worldwide interest and
appeal, and many countries have already begun advance bookings.

Vikram Vedha is presented by Gulshan Kumar, T-Series, and Reliance Entertainment in association with
Friday Filmworks and Jio Studios and a YNOT Studios Production. The film is directed by Pushkar and
Gayatri and produced by Bhushan Kumar, S. Sashikanth and Reliance Entertainment. Vikram Vedha will hit the big screens globally on 30th September 2022.

Continue Reading

Buzz

Manoj Bajpayee will take 1 week off from his schedule to attend all the rituals on his fathers 1st death Anniversary day.

Three times National Film Awards and the Padma Shri winning actor Manoj Bajpayee who has completed three decades in the showbiz business and Juggling with multiple projects between different genres, characters and mediums. Manoj Bajpayee is a powerhouse actor when it comes to Indian cinema. Even if you haven’t seen many of his movies, you will have heard of talented actor Manoj Bajpayee’s name because of his brilliant performances in his films. The finest actor has become synonymous with content-driven subjects who also have been consistently working in multiple film industries.

The finest actor of Hindi cinema Manoj Bajpayee who has several movies lined up this year, will be taking 1 week off from his current project, which is directed by Apurva(Aspirant fame & produced by Vinod Bhanushali in mid september and will be leaving for his home town with his wife and daughter to attend all the puja rituals on his father’s 1st death anniversary day. Manoj Bajpayee’s father RK Bajpayee passed away at 83, last year in Delhi.

The actor believes that a family is a very important & priority in his life, in spite of his erratic schedules or no matter where he is, it is his first priority to always be with his family with all his support & spend time with them in any situations.After finishing all the rituals puja and family work,Manoj will immediately resume his shoot to finish his project on time without taking any time for himself.

Manoj Bajpayee has recently finished his 3 upcoming projects, one with Ram Reddy’s untitled film, which also has talented actor Deepika Dobriyal in the film. After that he finished RSVP’s Despatch, (A investigative thriller set in the world of crime journalism.) directed by Kanu Behl. Abhishek Chaubeys’s film which also has star cast like Konkana Sen, Sayaji Shinde,Naseer sir and some well known talented actors from south. Fox Stars Studios,Chalkboard Entertainment, Autonomous Works film, Gulmohar directed by Rahul Chittella ( who was assistant of Meena Nair) working with Veteran actress Sharmila Tagore, and Amol Palekar along with Suraj Sharma (Life of Pi) and Simran Rishi Bagga in pivotal roles.

Continue Reading

Buzz

Here comes the title of Jackky Bhagnani’s Jjust Music upcoming RVD’s soulful creation ‘Raaz’

Jackky Bhagnani’s Jjust Music has been coming up with some really amazing songs one after the other and now they are here with the title of their upcoming heart-touching melody by RVD, a soulful creation ‘Raaz’. It’s a melodious song by an Indie rap artist, RVD that evokes his potential lover to become his secret as that way she’ll go down to the grave with him and stay with him forever. 

The song captures a glimpse of feelings that brings a boy close to the emotions of his lover encapsulating his zest for involving her in his life a secret that will stay with him for life. Jotting down his deepest emotions learn from his life, RVD beautifully communicates through his art in music a feeling of true happiness that can only be appreciated and enjoyed in privacy as the unconditional bond they share is completely sacred which the world won’t understand as they’re not in our shoes. 

Moreover, the artist in a true sense, RVD is an artist who’s been given all the love by the world but battles and deals with his own loneliness by making music, he talks about how he has learned ‘you can’t be lonely if you’re comfortable being alone’ in the process, and through only music, he can express these thoughts. He is an artist who makes modernized music with a blend of cultural touches in Urdu and Punjabi languages, which makes him stand out from the general crowd.

RVD, is an Indie rap artist from Kolkata, West Bengal who’s been making much sound on the east side. Performed alongside pan India artists like Mohit Chauhan, Dino James, Zareen, Kayan, Gully Gang, etc. With tracks like ‘Riha’ and ‘Iteyhaas’ which have done extremely well, RVD has even caught a lot of attention and traction in the general crowd and the gaming world on a pan-India basis.

Meanwhile, Jjust Music made it to the headlines for it’s first PAN India music video Mashooka starring bold and quirky Rakul Preet. The song turned out to be a huge success and was received well by the audience.

https://www.instagram.com/reel/Ci2B4nfA-K6/?igshid=ODBkMDk1MTU=

Continue Reading

Trending