Remodelling the
Industry Definition of "Security"
Global Licensing and Regulation
Being a global organization and having presence across the major E-commerce seller Markets and Freelancer market platforms worldwide, PingPong understand the importance of being compliant to Regulations, so our customers can be assured about their foreign payments.
Rest assured, we take our obligations to protect your money seriously. When you partner with PingPong, your payments will be made on a secure platform that’s compliant with financial regulators around the world.
PingPong holds all client funds in trust until they are withdrawn. We maintain sufficient levels of capital in accordance with regulations for each of the jurisdictions in which we operate.
Our Licensing and Regulations worldwide
In India
· RBI approval: Reserve Bank of India (“RBI”) has approved our India Liaison Office. The Unique Identification Number provided by RBI to our India Liaison Office is BGLO19008226
· PingPong Global Solution Inc Foreign Company Registration Number (FCRN) is F0652
· Online Payment Gateway Service Provider (OPGSP) - PingPong acts in India as an Online Payment Gateway Service Provider (as prescribed by RBI) (“OPGSP”) for the purpose of facilitating certain payment services
In the United States
PingPong Global Solutions Inc. (USA) is registered as a Money Services Business with the Financial Crimes Enforcement Network (FinCEN) of the U.S. Treasury, and a non-depository financial institution on the National Mortgage State Licensing System (1572799). PingPong is regulated under the EU’s General Data Protection Regulation (GDPR) and the 23 NYCRR 500, the New York Department of Financial Services’ cybersecurity regulations.
New York State File No. 4729804
FinCEN registration number No. 31000104088714
In Europe
PingPong Europe S.A. (EU) is a licensed Payments Institution with The Commission de Surveillance du Sector Financier (“CSSF”) in Luxembourg, and is authorized to execute payment transactions and conduct money remittances within the European Union.
In Hong Kong
Ping Pong Global Holdings Limited. (Hong Kong) is a licensed Money Service Operations (“MSO”) with Customs and Excise Department in Hong Kong.
In Japan
PingPong is a member of JPSA (the “Japan Payment Service Association”).
Regulatory compliance
To ensure safety of our customer funds, PingPong has embraced global industry regulation with a positive attitude since its inception.
Our compliance team strictly abides the international anti-money laundering conventions and the relevant laws and regulations of regulatory authorities in the countries where PingPong has its business operations.
Financial compliance
An experienced team of professionals who have worked with International Accounting firms across the globe are part of PingPong Financial compliance team. Their vast experience and knowledge ensure that our internal financial operations are compliant and abide by the international standards of compliance requirements.
At the same time, a mature and dedicated team of anti-money laundering and anti-terrorism financing compliance system is established to provide customers with compliance identity authentication to ensure the safety of customer funds and financial transactions.
PingPong cooperates with the Financial Intelligence Unit for each of the jurisdictions in which it operates and submits financial transaction reports when requested by the appropriate regulator.
Procedure compliance
PingPong's business solutions have undergone multiple compliance inspections by our globally recognized commercial banks.
Data protection
PingPong is regulated under the EU’s General Data Protection Regulation (GDPR) and the 23 NYCRR 500, the New York Department of Financial Services’ cybersecurity regulations.
Our customer in India can contact our office in Bangalore for any queries on Licensing and Regulation:
PingPong Global Solutions Inc. – India Liaison Office
No, 206, Mezzanine Floor,
Prestige Meridian II, MG Road,
Bangalore 560075
Email: cs-india@pingpongx.com
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