Payment services provider PingPong announced on Monday that it has reached a cooperation with global retail giant Walmart, helping it process transactions in the United States and Mexico.
PingPong is one of the largest cross-border trade digital service providers in the world, and it has reached cooperation with dozens of cross-border e-commerce platforms. It operates in over 200 countries and regions and serves hundreds of thousands of merchants worldwide.
Leveraging its global services network, payment licenses and compliance system layout in mainstream countries and regions, the company has established a diversified product matrix covering cross-border collection, foreign trade B2B payment collection, global acquisition, global distribution, supply chain financing, exchange rate hedging, export tax refund, VAT tax payment, SaaS enterprise services, and more, which can provide customers with compliant, safe and convenient one-stop digital fintech services.
PingPong CEO Robert Chen issued the following statement: “PingPong is honored to be a cooperative e-payment company with Walmart, and this is an important step in expanding the network of our global operations. The cooperation responds to the macro policy requirements of the state to support the development of new foreign trade and fits the development needs of PingPong and Walmart to jointly expand their globalization layout. Through resource integration and deep links, the two sides will jointly help Chinese cross-border sellers go abroad, serve overseas consumer markets and promote the long-term development of cross-border trade.”
Walmart is one of the world’s largest retailers, with a global omni-channel e-commerce total of $75 billion in 2021. It has been one of the most popular platforms for Chinese exporters and cross-border e-commerce sellers.