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PingPong re Payments, a repayment supplier for e-commerce sellers, announced on Wednesday this has gotten its authorization being A electronic cash organization (EMI) by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. Created in 2015, PingPong reported that its objective of assisting e-commerce that is global keep more earnings, by beating the prices old-fashioned banking institutions provide.

“Today, the business acts significantly more than 600,000 online sellers worldwide, has prepared significantly more than ten dollars billion in cross-border re re payments for ecommerce merchants to-date, and transfers significantly more than $100 million a day for worldwide e-commerce vendors. International merchants all over globe trust PingPong Payments to assist them to save very well cross-border payments, VAT & provider re re payments, and much more.”

PingPong stated that the permit enables it to provide an even more flexible assortment of services and increase the range of clients as time goes by.

Read morePayment Supplier PingPong Payments Secures E-Money License in Luxembourg

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