PingPong Payments, a China-headquartered provider of cross-border payment solutions for enterprises, has expanded into Malaysia and the United Arab Emirates (UAE) after receiving regulatory approvals from both countries.
The license from Bank Negara Malaysia adds to PingPong’s operations across Southeast Asia, which already include Indonesia, Vietnam, Thailand, Singapore, and the Philippines.
In the UAE, the company has received in-principle approval from the central bank.
PingPong now holds more than 60 licenses globally.
The company’s platform connects directly to SEPA in Europe, the UK’s Faster Payments Service, and the global SWIFT network.
These integrations are intended to reduce reliance on intermediary banks, improve data transmission, and support compliance with local regulations.
PingPong has also introduced AI-powered tools that automate know-your-customer (KYC) checks, speed up onboarding, and support real-time risk monitoring.
The company said this helps enterprise clients scale across markets while maintaining consistent compliance policies.
“These licenses show how PingPong’s platform is rapidly expanding, delivering on its roadmap to build comprehensive global coverage through our global portfolio of regulatory licenses. The Middle East is fast becoming one of the most strategic corridors for international trade, and Southeast Asia continues to be a digital and economic growth powerhouse.
Our goal is to strengthen access to every major trade corridor for enterprise businesses, supporting them with a platform that acts as a strategic bridge between the world’s fastest-growing economies.”
said Aaron Xu, Partner at PingPong.
“Enterprise payments need to be fast, trusted, transparent, and fully aligned with local regulation. Our platform connects directly to payment schemes such as SEPA, enabling faster, more reliable cross-border flows.
Our automated and AI-powered onboarding / KYC reduces risk and friction, helping enterprise clients confidently scale across global markets.”
said David Messenger, CEO of Global Businesses at PingPong.
Featured image: Edited by Fintech News Malaysia, based on image by Trend2023 via Freepik
