PingPong & MODIFI to offer B2B Cross-Border Payments and Digital Trade Finance
By Gloria Mathias
FinTech platform MODIFI has announced worldwide B2B Buy Now, Pay Later (BNPL) functionality in partnership with PingPong, one of the payment platforms in Asia.
The cooperation will enable exporters and cross-border merchants to offer BNPL payment options to their B2B customers, which will help them accelerate global trade expansion and increase revenues.
In meeting the differentiated needs of today’s cross-border e-commerce and foreign trade sectors, the cooperation between PingPong and MODIFI leverages digital technology, along with a robust international bank account and payment financing infrastructure. Sellers can benefit from the advantage of instant invoice payments, which reinforces their financial liquidity. Meanwhile, buyers enjoy a range of adaptable and flexible payment terms.
Jianqin Shu, Global Partner of PingPong and General Director of SMB Business Group stated, “By remaining at the forefront of the digital commerce era, PingPong will continue to prioritise the evolving needs of cross-border businesses, enhancing our product capabilities with a key focus on cross-border payments. The partnership with MODIFI will offer a comprehensive digital payment and financing solution to help more businesses achieve global expansion.”
Matthias Hendrichs , Commercial Director at MODIFI said, “For companies seeking global expansion, cross-border financing presents complex challenges. MODIFI’s mission revolves around simplifying these complexities. Our synergy with PingPong equips us with a tremendous mechanism to drive global business expansion. Our goal is to offer a complete digital payment and financing solution for companies involved in cross-border trade while bringing them closer to their international aspirations.”
This alliance promises companies the tools they need to adjust working capital, skillfully navigate risks, and seize growth opportunities in international markets.
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