View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
May 14, 2020

PingPong Payments introduces UAE currency exchange

PingPong Payments has launched the first UAE currency exchange and payments processing service.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

The move adds the UAE currency, the Arab Emirates dollar (AED), to PingPong Payments’ global payments solutions. It will enable merchants and online sellers convert AED into other global currencies thereby providing further impetus to international commerce.

The step comes at a time when e-commerce in the Middle East and North Africa (MENA) region is projected to reach a size of $28.5bn by 2022.

PingPong Payments managing director Kenny Tsang said: “As global markets, and particularly the US market, for products and services tightens due to the Covid-19 pandemic around the world, US and global sellers of goods and services across all segments and over Amazon and other platforms will be looking to overseas consumer and business markets to expand revenues to compensate for domestic sales shortfalls.

“Our opening up the UAE market to fast, easy and low rate AED currency conversions gives merchants and e-commerce sellers access to a significant new revenue channel to sell their goods and services across one of the world’s fastest growing regions  – countries across the Middle East and North Africa.”

Besides AED, PingPong Payments enables currency exchange capabilities for USD, CAD, AUD, JPY, EUR and GBP among others.

The platform also supports international merchants to expand to foreign markets and ensure compliance with the local laws.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International