KBank and PingPong Sign Strategic Partnership
KASIKORNBANK (KBank) and PingPong, a global provider of cross-border payment solutions, officially signed a Memorandum of Understanding (MOU) at Money20/20 Asia in Bangkok. The agreement marks a strategic collaboration between the two organizations to jointly develop financial services and cross-border payment solutions that support business growth across the region and globally.
Dr. Karin Boonlertvanich, Executive Vice President of KBank, said KBank has continuously developed cross-border payment infrastructure to better connect international spending and business transactions. Our goal is to provide greater convenience, speed, security, and modern financial experiences for business customers, in line with the Bank’s customer-centric strategy.
To further strengthen these capabilities, KBank has partnered with PingPong, a global cross-border payment infrastructure provider, to jointly develop end-to-end payment solutions through direct API connectivity. The collaboration will support international transactions under compliant regulatory frameworks, enabling businesses to conduct cross-border payments with greater convenience. The partnership will initially focus on Thailand and China, before expanding into Indonesia, Vietnam, and other high-potential markets across Asia. The initiative aims to support businesses seeking sustainable and scalable regional and global growth.
Dr. Karin added This partnership combines the strengths of both organizations. PingPong operates a global payment network spanning more than 200 countries and regions worldwide, while KBank brings deep expertise in Southeast Asia and has maintained continuous operations in China for over 30 years through branches in key cities including Shanghai, Beijing, Shenzhen, Chengdu, and Hong Kong. Together, we aim to connect financial infrastructure and support cross-border business growth more efficiently.
Meanwhile, Shu Jianqin, CEO of PingPong Asia Pacific and Group Partner, said Partnering with KBank is a significant milestone in our globalisation strategy. By combining PingPong’s global payments network with KBank’s deep-rooted Southeast Asian banking expertise, we are creating genuine two-way value for businesses operating across the region. This is more than a commercial agreement. It is a new model for how digital payments platforms and established financial institutions can work together to unlock scalable growth for their customers.
KBank จับมือ PingPong เชื่อมตลาดโลกผ่านโซลูชันชำระเงินข้ามพรมแดนครบวงจร
