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Prestigious Fortune 40 Under 40 Honors PingPong Payments on Its 5th Anniversary

FinTech Unicorn PingPong secures innovative E-Money License in Luxembourg

PingPong Payments co-founder, Robert Chen, has been recognized in this year’s highly respected Fortune list of top 40 influential business elites under the age of 40, as the payments company celebrates its fifth year of success.

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PingPong Payments is widely viewed as one of the hottest start-ups and is seeing strong demand for its services as e-commerce sales experience a meteoric rise, driven by lockdown and a decline in brick and mortar stores.

To date, PingPong Payments has helped over 800,000 cross-border merchants worldwide and processed a staggering $15 billion in e-commerce sales.

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Robert Chen, Co-Founder at PingPong Payments, comments: “I am honored to receive Fortune’s distinguished 40 under 40 recognition, as the company achieves its significant half-decade milestone. Five years ago I founded PingPong Payments on the East Coast, having identified an entire market of marketplace sellers, large and small, who were largely ignored by an antiquated banking system that deemed cross border payments too risky.

“We saw the potential and wanted to solve that problem, and have taken great pleasure in stepping in to support fast growth sellers in an emerging e-commerce retail landscape – becoming accidental entrepreneurs in the process. By designing our business model on servicing the marketplace of the future, we are providing a much needed cross-border payments service to professional sellers in a way no one else is doing.”

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