PingPong Payments, a cross-border payments firm, has partnered with India Sourcing Network (ISN), making borderless ecommerce transactions seamless for Indian businesses.
Indian sellers will gain easier access to PingPong’s same day payment service to sell their products to international markets, bringing about a quick and efficient process for transactions.
Kenny Tsang, Managing Director of PingPong Payments, commented: “Companies like India Sourcing Network are thriving thanks to the benefits brought about by an increased demand in cross-border payments.
“PingPong’s partnership with ISN offers Indian suppliers and global sellers competitive pricing options, by leveraging PingPong’s same-day payments system to solve the sourcing and supplying needs of tomorrow.”
Additionally, PingPong aims to help ISN by addressing ‘end-to-end sourcing’ and payment needs for SMEs (Small and Medium Enterprises).
According to the Luxembourg-based firm, the global retail ecommerce market is projected to grow by 12.7%, up to $5.5 trillion this year. This creates an open opportunity for companies such as PingPong to integrate an automated process for global ecommerce businesses to connect with one another seamlessly.
Tsang added: “In a rapidly moving ecommerce world, with new business models emerging daily, PingPong is constantly innovating to keep pace with the global expansion of these fast growing supplier networks.
“By utilising ISN’s supplier base, US sellers can receive tailored offerings from the suppliers and find alternative trade opportunities to those destinations experiencing ongoing shipping delays.”
ISN has helped multiple ecommerce companies via the use of its B2B (Business to Business) platform. With the new PingPong partnership, ISN looks to expand its reach internationally to help connect businesses with those in India.
“ISN’s partnership with PingPong means that Indian sellers can expand their offering globally, securing quick and seamless access to funds from US businesses looking to buy internationally,” concluded Meghla Bhardwaj, Co-Founder of India Sourcing Network.
“We are looking forward to a productive partnership with PingPong, expanding the consumer market of Indian goods across borders, thanks to PingPong’s extensive customer base.”