This Week in Fintech's Podcast PingPong x This Week In Fintech at New York Fintech Week, 2025 (Full Talk)
Apr 29, 2025
David Messenger, CEO of Global Businesses at PingPong, dives into the transformative world of cross-border payments. He discusses the rapid evolution of real-time payment solutions and the challenges they tackle in B2B transactions. The conversation touches on the integration of AI and blockchain in payment systems and the essential partnerships between fintechs and banks for seamless services. Messenger provides insights into emerging business models and the future of risk management, emphasizing the role of trust and compliance in this dynamic landscape.
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PingPong's Origin and Growth
- PingPong began by solving payment challenges for foreign Amazon sellers, especially Chinese merchants.
- It expanded globally, now offering comprehensive cross-border business payment solutions and operating in 15 countries.
Fintech’s Role in Cross-Border Payments
- Cross-border payments present significant challenges due to dwindling correspondent banking and increased regulations.
- Fintech innovation is accelerating to meet these challenges, particularly with new local clearing systems and technologies like stablecoins and AI.
Leverage Real-Time Payments
- Embrace real-time payment capabilities to meet business needs for faster cross-border transactions.
- Develop direct participation in payment schemes and banking partnerships to appear as a bank provider.