FinTech platform MODIFI announced today that it will offer a global B2B Buy Now Pay Later (BNPL) service in partnership with PingPong, one of the largest payment platforms in Asia, in a significant development for B2B cross-border payments.
It was announced at this year's Singapore FinTech Festival that through this collaboration cross-border exporters and merchants will be able to offer BNPL payment options to their B2B customers, enabling them to increase their revenues and accelerate the expansion of their international businesses.

In the wake of the growing momentum for global trade digitization, it has become increasingly important for financial services to play an important role in steering trade growth in the future. To meet the nuanced needs of today's cross-border e-commerce and foreign trade sectors, the collaboration between PingPong and MODIFI leverages cutting-edge digital technology combined with a robust global banking account and payment financing infrastructure that scales and adapts to the needs of each and every customer. In the end, this results in a dramatic increase in the efficiency of business operations and the liquidity of funds for both buyers and sellers. As a result of instant invoice payments, sellers have the benefit of strengthening their financial liquidity as a result. In the meantime, buyers can take advantage of a variety of payment terms that are flexible and adaptable
In the meantime, buyers can take advantage of a variety of payment terms that are flexible and adaptable
In the words of Jianqin Shu, PingPong Global Partner and General Manager of SMB Business Group, "At the forefront of the digital commerce era, PingPong continues to focus on the evolving needs of cross-border enterprises while enhancing its product capabilities, with a primary focus on cross-border payments. "With the partnership with MODIFI, we intend to provide businesses with an integrated digital payment and finance solution that will make it easier for them to expand globally."
The Chief Commercial Officer of MODIFI, Matthias Hendrichs, explained, "For businesses contemplating global expansion, cross-border financing can present an intricate challenge. MODIFI's mission revolves around simplifying these challenges. Through our synergy with PingPong, we have been able to create a formidable mechanism for leading global enterprise expansion. "Our goal is to provide businesses engaged in cross-border trade with a full-featured digital payment and finance solution, which will enable them to achieve their global ambitions."
The combination of PingPong's vast global payment network across 200+ countries, along with MODIFI's expertise in trade finance, provides businesses with an unmatched suite of business solutions. With the help of this alliance, businesses will be able to fine-tune their working capital, navigate risks deftly, and maximize growth opportunities in the global market.
What PingPong is all about
In addition to being a leading global technology company, PingPong is also one of the largest payment companies in Asia. The vision of the PingPong ecosystem is to enable cross-border digital commerce to thrive. With our one-stop innovative, secure, compliant and comprehensive range of products, we offer e-commerce payment, B2B trade payment, acquiring service, card issuing, foreign exchange management, supply chain financing, and enterprise solutions.
MODIFI - What it is and what it does
As a FinTech platform, MODIFI specializes in providing cross-border financing and payment solutions for businesses and individuals. By empowering businesses with the digital payment tools and financial liquidity they need to compete in global commerce, the company is removing traditional barriers to global trade.
The MODIFI platform serves more than 1,600 companies in more than 55+ countries and has a global presence with offices in Shenzhen, Singapore, Hong Kong, Amsterdam, Berlin, New York, Mexico City, Dubai, Mumbai, New Delhi and Dhaka.
There is a photo on https://mma.prnewswire.com/media/2278879/PPxMODIFI_Signing_Ceremony.jpg and a logo on https://mma.prnewswire.com/media/2080100/Modifi_Logo.jpg.
MODIFI B.V. is the source of this information.
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