SFF 2023: PINGPONG SHARES TACTICS FOR NAVIGATING GLOBAL COMPLEXITY

KUALA LUMPUR, Nov 20 (Bernama) -- PingPong, a global payment platform, announced several significant milestones and achievements in advancing the cross-border payments industry during the Singapore Fintech Festival (SFF) 2023, from Nov 6 to 8.

The event featured an insightful keynote address by the company’s Chief Executive Officer of Global Businesses, David Messenger, sharing strategies for enterprises navigating the dynamic global macroeconomic and business landscapes as well as a strategic partnership announcement with MODIFI, a fintech leader in digital trade finance.

In a statement, PingPong said Messenger shared strategies to protect, manage, and grow cross-border enterprises amid uncertainties.

Addressing volatility, regulatory changes, and evolving supply chains, he stressed the importance of technology combined with local teams, and strong local connections with valued partners.

Messenger also emphasised the need for quick adaptation to changing foreign exchange market (FX) and legal landscapes.

Concurrently, PingPong highlighted its capability to partner with enterprises worldwide, seeking world-class partners in Singapore and Southeast Asia for mutual growth.

PingPong recently secured approval as a Major Payment Institution in Singapore by the Monetary Authority of Singapore, allowing the company to offer a comprehensive range of payment services, facilitating faster global expansion for local businesses.

Messenger added: “These announcements underscore our commitment to empowering businesses globally. From protecting against uncertainties to driving digital trade, PingPong is at the forefront of reshaping cross-border transactions and financing.”

He also highlighted the human and people aspects, emphasising the need for fintechs to marry the power of technology with being local, people-driven companies.

The company supports customers in adapting to the new geopolitical and economic conditions, demonstrating the ability to adapt and change to take advantage of market opportunities.

-- BERNAMA