Best Buy Canada Selects PingPong As Their First Cross-Border Partner To Drive International Growth on its Marketplace
Best Buy Canada has partnered with PingPong as its first cross-border payment service provider for its Marketplace platform. This strategic collaboration, announced on March 10, 2025, aims to facilitate international expansion and enable payouts to global sellers.
PingPong, a leading cross-border embedded payment solutions provider, brings significant capabilities to the partnership with:
- Over 60 financial licenses worldwide
- Support for 100+ currencies
- Operations in 200+ countries and regions
The partnership is expected to increase Gross Merchandise Volume (GMV), reduce operational costs, and enhance both seller and buyer experiences. Best Buy Canada joins other major marketplaces like Wish and Wayfair in utilizing PingPong's international payment capabilities.
Best Buy Canada ha stretto una partnership con PingPong come primo fornitore di servizi di pagamento transfrontaliero per la sua piattaforma Marketplace. Questa collaborazione strategica, annunciata il 10 marzo 2025, mira a facilitare l'espansione internazionale e a consentire i pagamenti ai venditori globali.
PingPong, un fornitore leader di soluzioni di pagamento integrate transfrontaliere, porta importanti capacità alla partnership con:
- Oltre 60 licenze finanziarie in tutto il mondo
- Supporto per oltre 100 valute
- Operazioni in oltre 200 paesi e regioni
Si prevede che la partnership aumenterà il Volume Lordo delle Merci (GMV), ridurrà i costi operativi e migliorerà sia l'esperienza dei venditori sia quella degli acquirenti. Best Buy Canada si unisce ad altri importanti marketplace come Wish e Wayfair nell'utilizzare le capacità di pagamento internazionali di PingPong.
Best Buy Canada se ha asociado con PingPong como su primer proveedor de servicios de pago transfronterizo para su plataforma Marketplace. Esta colaboración estratégica, anunciada el 10 de marzo de 2025, tiene como objetivo facilitar la expansión internacional y permitir pagos a vendedores globales.
PingPong, un proveedor líder de soluciones de pago integradas transfronterizas, aporta capacidades significativas a la asociación con:
- Más de 60 licencias financieras en todo el mundo
- Soporte para más de 100 monedas
- Operaciones en más de 200 países y regiones
Se espera que la asociación aumente el Volumen Bruto de Mercancías (GMV), reduzca los costos operativos y mejore tanto la experiencia de los vendedores como la de los compradores. Best Buy Canada se une a otros importantes marketplaces como Wish y Wayfair en la utilización de las capacidades de pago internacionales de PingPong.
베스트 바이 캐나다가 핑퐁과 파트너십을 맺고 자사의 마켓플레이스 플랫폼을 위한 최초의 국경 간 결제 서비스 제공업체로 선정되었습니다. 2025년 3월 10일 발표된 이 전략적 협력은 국제적 확장을 촉진하고 글로벌 판매자에게 지급을 가능하게 하는 것을 목표로 하고 있습니다.
핑퐁은 국경 간 통합 결제 솔루션 제공업체로서, 파트너십에 중요한 역량을 제공합니다:
- 전 세계 60개 이상의 금융 라이센스
- 100개 이상의 통화 지원
- 200개 이상의 국가 및 지역에서 운영
이번 파트너십은 총 상품 거래량 (GMV)을 증가시키고 운영 비용을 줄이며 판매자와 구매자 모두의 경험을 향상시킬 것으로 예상됩니다. 베스트 바이 캐나다는 핑퐁의 국제 결제 기능을 활용하는 다른 주요 마켓플레이스인 위시와 웨이페어에 합류하게 됩니다.
Best Buy Canada a établi un partenariat avec PingPong en tant que premier fournisseur de services de paiement transfrontalier pour sa plateforme Marketplace. Cette collaboration stratégique, annoncée le 10 mars 2025, vise à faciliter l'expansion internationale et à permettre les paiements aux vendeurs mondiaux.
PingPong, un fournisseur leader de solutions de paiement intégrées transfrontalières, apporte des capacités significatives à ce partenariat avec :
- Plus de 60 licences financières dans le monde
- Support pour plus de 100 devises
- Opérations dans plus de 200 pays et régions
On s'attend à ce que ce partenariat augmente le Volume Brut des Marchandises (GMV), réduise les coûts opérationnels et améliore l'expérience tant des vendeurs que des acheteurs. Best Buy Canada rejoint d'autres grandes places de marché comme Wish et Wayfair en utilisant les capacités de paiement internationales de PingPong.
Best Buy Kanada hat eine Partnerschaft mit PingPong als ersten Anbieter von grenzüberschreitenden Zahlungsdiensten für seine Marketplace-Plattform geschlossen. Diese strategische Zusammenarbeit, die am 10. März 2025 bekannt gegeben wurde, zielt darauf ab, die internationale Expansion zu erleichtern und Zahlungen an globale Verkäufer zu ermöglichen.
PingPong, ein führender Anbieter von integrierten grenzüberschreitenden Zahlungslösungen, bringt bedeutende Fähigkeiten in die Partnerschaft ein mit:
- Über 60 Finanzlizenzen weltweit
- Unterstützung für über 100 Währungen
- Operationen in über 200 Ländern und Regionen
Es wird erwartet, dass die Partnerschaft das Bruttowarenvolumen (GMV) erhöht, die Betriebskosten senkt und sowohl die Verkäufer- als auch die Käufererfahrungen verbessert. Best Buy Kanada reiht sich in die Reihe anderer großer Marktplätze wie Wish und Wayfair ein, die die internationalen Zahlungsfähigkeiten von PingPong nutzen.
- New revenue streams through international market expansion
- Reduced operational overhead costs
- Enhanced marketplace capabilities through 100+ currency support
- Integration with established payment provider (60+ financial licenses)
- Initial investment and integration costs for new payment system
- Potential operational complexities from managing international sellers
By leveraging PingPong's global capability BestBuy Canada will have the opportunity to unlock new revenue streams and cross-border operational efficiencies. To date, PingPong has secured over 60 financial licenses worldwide, supports transactions in more than 100 currencies and operates in over 200 countries and regions.
Sherry Zah, Vice President of Best Buy Canada's Marketplace business said, "Our new partnership with PingPong is a key part of our international growth strategy. The integration team at PingPong has facilitated a swift onboarding process. PingPong's global network and ecosystem will unlock new revenue streams for us as we look to expand our marketplace to new international sellers."
Best Buy Canada joins leading marketplaces like Wish and Wayfair in leveraging PingPong's sophisticated international payments capabilities. The partnership will increase Gross Merchandise Volume (GMV), reduce operational overheads, and enhance both the seller and buyer experience.
"Our work with BestBuy Canada is a testament to our capability to help businesses scale globally. With hundreds of thousands of customers using PingPong's ecosystem worldwide, we are uniquely placed to power cross-border payment services for enterprises of all sizes. We are excited to work closely with BestBuy Canada and drive long-term revenue growth for the business", said Alex Chen, Vice President, APAC, Head of Global Partnerships.
About PingPong
PingPong was founded in
PingPong currently has 37 offices in 15 countries and over 1,000 employees. Our international presence helps businesses solve complex payment needs in every major economy across all time zones.
About Best Buy Canada
A wholly owned subsidiary of Best Buy Co., Inc. (NYSE:BBY), Best Buy Canada Ltd. is one of
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SOURCE PingPong
FAQ
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