-- Providing Global Merchants with Greater Incentive to Explore Amazon Australia.PingPong, the world’s leading global payments solution provider, today announced the expansion of its services into Australia with support for global merchants operating on Amazon.com.au.
With this expansion, PingPong is broadcasting itself as an early supporter of a market poised to become a meaningful contributor to Amazon’s top-line growth. Nearing the close of 2019, Australia’s e-commerce revenue is expected to reach US$20.7B. While Amazon Australia currently takes only a small share of this income, its sales more than doubled since opening up shop in 2017, and it’s on a clear path to replicate many of the strategies that have made it wildly successful in other markets.
“We see tremendous potential in Amazon Australia and the merchants who are helping build its success,” shared Karen Li, CEO of PingPong US. “We will approach Australia with the same unrivalled commitment to quality and service that has consistently enabled our international business to flourish.”
This announcement marks another major milestone in PingPong’s drive for rapid strategic growth, following recent news of its expansion into Mexico, Japan, and Singapore. Since 2015, PingPong Payments has processed more than $30 billion in cross-border payments for more than 43,000 e-commerce merchants. On average, the company transfers up to $83 million per day for its international clients, offering competitive payout rates and support services.
By supporting Amazon Australia merchants, PingPong expects to draw significant business interest and activity with its competitive rates and services. Global merchants will have a reliable choice for payment services while exploring their own expansion potential into Australia.
About PingPong
Founded in 2015, PingPong is an award-winning fintech company whose mission is to empower e-commerce merchants to sell anywhere in the world with a simple and streamlined experience. The company focuses on global financial service infrastructure and is committed to enabling global enterprises to participate in the new economy via technology innovation
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