PingPong Global Solutions is a start-up financial services company for the digital economy. Founded in New York City in 2015, the company provides cross-border funds transfers to support global sales via online marketplaces by merchants based in any of 10 countries, including China, India, the United States, Canada, the United Kingdom, and Australia.
"Our core product is a cross-border revenue-collection service for e-commerce merchants," explains Karen Li, managing director/CEO of PingPong's U.S. office. "Online marketplaces that enable third parties to sell on their platform typically collect payment from the consumers, but then pay the third-party sellers in the country and currency where the marketplace is located. We help the sellers collect from foreign marketplaces and repatriate their funds back to their home country."
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Meg Waters
Meg Waters is the editor in chief of Treasury & Risk. She is the former editor in chief of BPM Magazine and the former managing editor of Business Finance.
