Allinpay and PingPong have signed a new strategic cooperation agreement on September 15th, 2022 in Shanghai to boost cross-border payment businesses together.

Allinpay is an early player in the cross-border payments industry and actively serves the new business of cross-border e-commerce. It is one of the first institutions to obtain the qualifications from the Chinese Government for cross-border foreign exchange and RMB payment. Allinpay has completed interfacing with the General Administration of Customs and more than 20 key customs electronic ports and public service platforms. With 33 branches across China, Allinpay provides industry solutions and diversified products to over 100 integrated pilot zones for cross-border e-commerce and many more e-commerce merchants. This ensures compliant, safe, and facilitating services for Chinese cross-border e-commerce enterprises.

Meanwhile, PingPong is also a vanguard in the cross-border payment industry with unique advantages in platform accessibility, currency exchanges, etc. This enables a more comprehensive, cost-effective, and trustworthy payment environment.

The signing of this strategic cooperation agreement marks the beginning of profound cooperation between Allinpay and PingPong in the fields of domestic and overseas financial and technology services. Both parties will collaborate in innovation and implementation on various cooperative methods, integrating domestic and overseas payments, as well as the ecosystem of account resources into the cross-border payment framework. With "compliant, stable, and green" set as the development principle, both sides will strive for social responsibilities, and provide more secure, convenient, and intelligent digital financial technology solutions for Chinese enterprises going abroad and sellers of global trade enterprises, hence empowering the domestic real economy. In the context of global trade digitization, Allinpay and PingPong will work together to promote digital upgrades and spur business model innovations within foreign trade enterprises. Jointly, the two companies will endeavor to build a new digital era of cross-border trade.

About Allinpay:

Allinpay is a leading third-party payment-based FinTech service company. We use technology to provide professional digital payment solutions for different industries and places, and integrate resources from various industries to facilitate businesses, sharing the fruits of development with merchants and our partners.

About PingPong:

PingPong is a rapidly growing innovative payment service provider for cross-border e-commerce merchants, freelancers and service providers. Founded by a group of payments and finance professionals in New York in 2015.