Cross-border payments come with hidden friction. When a company operates on a global scale, every instance of stripped remittance data, slow reconciliation, or unpredictable settlement windows causes delays that cost time and money. 

A deep dive from Fintech Wrap Up breaks down how PingPong's infrastructure removes that friction at the source. 

Learn how businesses benefit from a full-stack infrastructure in this case study, published by Sam Boboev.

Key Takeaways

PingPong is a full-stack global payments provider with 82 licences worldwide, processing $300B+ in annualised volume for 750,000+ businesses across 200+ markets.

• Real-time compliance checks and local virtual IBANs mapped to customers or invoices mean payments clear quickly and arrive pre-matched, saving treasury teams hours of manual reconciliation.

• A single multi-currency ledger lets businesses collect and pay out in the currencies they already hold instead of converting on every transaction. When pricing and settlement currencies differ, the FX engine locks in the rate upfront, removing the need for separate hedging.

• Through the new Card to Account partnership with Visa, businesses can pay suppliers who don't accept cards. This solution allows the buyer to settle on their existing commercial card, and the supplier receives a standard domestic bank transfer.

• Licences and banking relationships take years to build. That's why they're harder to copy than an API. Ultimately, those determine how much control your cross-border payments provider actually has.