New York [USA]June 8 (ANI / PRNewswire): Global payment and e-commerce service provider PingPong Payments, today announces expanded payment management and currency exchange services for both Polish (PLN) and Swedish (SEK) currencies, enabling access to these growing markets for US and international sellers of products and services.
Both PLN and SEK are the latest currencies added to PingPong Payments’ global payment solutions, which now offer merchants and online sellers, across Amazon and other platforms, most currency conversion service options and the widest international market access for payment transactions. PingPong Payments is currently the only Amazon Payment Service Provider offering the Polish currency.
Sweden and Poland are two of Europe’s fastest growing e-commerce markets. Poland has seen unmatched growth in online sales due to Covid-19, with almost 80 percent of Internet users in Poland making online purchases. The leading Polish e-commerce platform Allegro reports that 20 million customers visit its website every month. In Sweden, revenues in the e-commerce market amounted to MUSD 11,211 in 2020 and are expected to increase by 5.2 percent annually, resulting in a market volume of MUSD 13,729 until 2024.
“During a year in which many traditional companies were disrupted by Covid-19, PingPong has succeeded in supporting a rapidly rising e-commerce market and achieving global growth. Our ability to now offer both Polish and Swedish currency exchange services will offer American and international traders access to two of the fastest growing, richest e-commerce markets in Europe, says Kenny Tsang, CEO of PingPong Payments.
With the addition of PLN and SEK currency conversion services, PingPong Payments now offers market sellers in the US and other geographic areas support with: US Dollar (USD), Canadian Dollar (CAD), Australian Dollar (AUD), Japanese Yen (JPY), United Arab Emirates Dollar (AED) ), Euro (EUR), British Pound (GBP), Chinese Yuan (CNH), Hong Kong Dollar (HKD) and Singapore Dollar (SGD).
In addition to cross-border payment management and currency exchange services, PingPong Payments supports US and international sales growth in overseas markets through additional services including lending, payroll and virtual account solutions. This includes tax registration, customs registration, supplier validation and payment, market information and marketing and sales support services.
“Our innovative payment services have enabled us to become the selected multidimensional growth partner for hundreds of thousands of professional salespeople, who want to increase sales internationally. We support our merchants in a way that the banking system was not built by beating traditional interest rates. cross-border payment friction through our unique virtual accounts, which alleviate money laundering challenges, “added Kenny.
Merchants should strengthen their supply chains for international year-round sales instead of waiting for high seasons. By partnering with the right network of cross-border payment services, e-commerce merchants can instantly collect, convert and transfer money from all corners of the world and aim for global pandemic dominance. “We save cross-border traders both time and money through innovative services such as VAT processing and opening local bank accounts – so they can keep more of their hard-earned profits,” Kenny added.
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Source: sn.dk