PingPong Expands B2B Payment Solutions into Malaysia, Unlocking Opportunities in Southeast Asia
PingPong Expands into Malaysia
PingPong, a leading provider of cross-border embedded payment solutions, has recently made headlines by securing a Money Services Business Licence from Bank Negara Malaysia. This new licence grants PingPong access to a burgeoning Malaysian economy projected to reach USD $445 billion by the end of 2025, offering vast opportunities for enterprises, financial institutions, and SaaS companies looking to expand in the region. This move follows its recent expansions into Indonesia, doubling down on companies' needs for efficient payment solutions in Southeast Asia.
The importance of Malaysia’s economic landscape cannot be understated. With a GDP expected to grow by 33% by 2030, reaching approximately USD $600 billion, international trade plays a critical role—comprising 132% of the country's GDP in 2023. The Malaysian fintech industry has emerged as a significant player in the region, ranking third overall for the number of fintech companies. Analysts predict that the fintech sector will double in size, from USD $54 billion in 2025 to USD $111 billion by 2030, thanks to a strong 16% CAGR.
Strategic Growth Potential
Topics Financial Services & Investing）
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