As an electronic money institution, PingPong Europe S.A. provides payment solutions for e-commerce sellers, particularly those who sell on international marketplaces such as Amazon, eBay, and Shopify. The company aims to simplify cross-border payments and help sellers save on currency conversion fees.PingPong Europe S.A. offers a range of services to e-commerce sellers, including:1. Currency exchange: PingPong Europe S.A. allows sellers to receive payments in multiple currencies and convert them into their preferred currency at competitive exchange rates.2. Global receiving accounts: The company provides sellers with local receiving accounts in various countries, allowing them to receive payments from international marketplaces as if they were local sellers. This helps sellers avoid high cross-border transaction fees and currency conversion charges.3. Payment processing: PingPong Europe S.A. offers payment processing services, allowing sellers to accept payments from customers around the world through various payment methods, including credit cards, e-wallets, and bank transfers.4. Fund transfers: The company enables sellers to transfer funds between their PingPong accounts and their bank accounts quickly and securely.5. VAT services: PingPong Europe S.A. assists sellers with Value Added Tax (VAT) compliance, helping them navigate the complexities of international tax regulations and ensuring they meet their tax obligations in different countries.PingPong Europe S.A. is authorized and regulated by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. This regulatory oversight ensures that the company operates in compliance with applicable laws and regulations, providing a secure and reliable payment platform for e-commerce sellers.Overall, PingPong Europe S.A. aims to simplify cross-border payments for e-commerce sellers, helping them expand their businesses globally and save on fees associated with international transactions.

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