Hong Kong SAR China · Money service business
Ping Pong Global Holdings Limited
Ping Pong Global Holdings Limited is a private company limited by shares with its seat in Wan Chai, Hong Kong. The Hong Kong Customs and Excise Department licenses it as a Money Service Operator for money remittance and currency exchange. It belongs to the PingPong cross-border payments group, which is headquartered in Hangzhou, China. Under the group's terms, it serves business customers outside North America, India, the EU, the UK, Japan, Australia, New Zealand, Singapore, Malaysia and Vietnam. It offers collection accounts, withdrawals, outbound supplier payments and currency conversion, with a focus on e-commerce sellers.
Licences and registrations
Held by Ping Pong Global Holdings Limited (LEI 9845005F56DD4442B896). 1 entry on 1 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| Register of Money Service Operators (AMLO Cap. 615)Customs and Excise Department (C&ED)Linked by LEI. Matched by Elucidate to GLEIF on name, country and address. | Money Service OperatorMoney Transmitter / Remittance | 16-11-01963 | Hong Kong SAR China | Active | — | Renews 2026-11-23 |
|
Search the register ↗ |
- Licences belong to the legal entity, not to a BIC.
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
- The register entries and their trading names were not matched against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- PPGHHKH2XXX head office
- Connection to Swift
- Reverse billingThe institution is connected to Swift. Messages sent to it are billed to the institution, not to the sender. The “2” in the eighth character of PPGHHKH2 marks reverse billing.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- None: head-office BIC only
- BIC first registered
- 2023-08-05
- Last updated
- 2023-08-05
Overview
Researched 29 Sep 2026 · Sources
Ownership
Not published
Firm type
FX and business payments
Trades as PingPong
- Ownership
- The firm's LEI record reports no parent entity and gives natural persons as the reason. The firm's own shareholders are not published in the sources consulted.
- Head office
- Room B, Unit 06, 12/F, Emperor Group Centre, 288 Hennessy Road, Wan Chai, Hong Kong, Hong Kong SAR China (registered office: Room B, Unit 1206-1207, 12/F, Emperor Group Centre, 288 Hennessy Road, Wan Chai, Hong Kong)
- Company register
- Hong Kong Companies Registry (GLEIF RA000388) 66368496
- Incorporated
- 30 Jun 2016
- Founders
- Chen Yu · Wang Ning
Online
- Websites & references
- pingpongx.com ↗
docs.pingpongx.com ↗ developer API documentation
terms.pingpongx.com ↗ terms and policies
help.pingpongx.com ↗ help centre - Official social accounts
- LinkedIn ↗
Sources · 7 pages consulted
- pingpongx.com
- pingpongx.com/global/trustcenter
- pingpongx.com/global/about
- b2b-cdn.pingpongx.com/b2b/protocol/latest/index.html
- b2b-cdn.pingpongx.com/b2b/protocol/complaints/Global%20Website%20-%20Complaints-Handling%20Page_26.06.21_v2_Glo
- lei.bloomberg.com/leis/view/9845005F56DD4442B896
- prnewswire.com/news-releases/fintech-unicorn-pingpong-payments-fighting-fraud-is-a-never-ending-battle-3
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The Hong Kong Customs and Excise Department licenses the firm as a Money Service Operator under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615). The group's terms state that the firm is not a bank or a stored value facility licensee.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Customs and Excise Department, Hong Kong Hong Kong SAR China | Money Service Operator licence (money remittance and currency exchange) | 16-11-01963 | In its own name | Active | pingpongx.com ↗ |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
Partners and safeguarding
Researched 29 Sep 2026 · Sources
- Safeguarding
- Segregated safeguarding accountsThe PingPong group states that it holds customer funds in segregated accounts with banking partners it does not name. The firm's Hong Kong terms state that balances are not deposits and are not insured.
- Payment schemes and card networks
- Swift Access not stated pingpongx.com ↗
Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices.
Products and markets
Researched 29 Sep 2026 · Sources
According to the group's terms, the firm receives marketplace and other business payments into collection accounts and pays them out to customers' own bank accounts. It also makes outbound payments to approved payees and handles currency conversion, for business use only.
Under the group's terms, the firm contracts with customers in all countries except North America, India, the EU, the UK, Japan, Australia, New Zealand, Singapore, Malaysia and Vietnam. Sister companies serve customers in those markets.
- Payment volume
- USD 300bnannualised transaction volume (stated as USD 300 billion or more)
- Sells to
- Small businesses · Enterprises · Platforms and marketplaces
- Serves customers in 2 countries
- Hong Kong SAR China · China
Recent events
Researched 29 Sep 2026 · Sources
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
Identifiers
Head-office record
- BIC
- PPGHHKH2XXX
- How the BIC breaks down
- PPGHBank
- HKCountry · Hong Kong SAR China
- H2Location · reverse billing
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 9845005F56DD4442B896
- LEI record
- View on GLEIF ↗
- Licence no. · CED-MSO
- 16-11-01963
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.Register entry: Matched by Elucidate to GLEIF on name, country and address.
- Register-entry ID
- fd104e47cafb
Profile
- Type
- Money service businessRemittance, currency exchange, cheque cashing and money orders. Usually registered with an anti-money-laundering supervisor rather than licensed prudentially. Taken from the licences on the tracked registers.
- Regulation
- AML registration onlyRegistered with an anti-money-laundering supervisor (FinCEN, FINTRAC, HMRC, AUSTRAC, Hong Kong Customs…) without a prudential licence.
- Register licences
- 1 entry on 1 register
- Activities
- Money remittance
- Currency exchange
- Licensed in
- Hong Kong SAR China
- Country · region
- Hong Kong SAR China · East Asia & Pacific
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- Targeted listings only OFAC
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
Addresses
- Registered address
- EMPEROR GROUP CENTRE UNIT 06 FLOOR 12 288 HENNESSY ROAD WAN CHAI HONG KONG 0000 HONG KONG
- Operational address
- 288 HENNESSY ROAD WAN CHAI UNIT 06 FLOOR 12 HONG KONG 0000 HONG KONG HONG KONG
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>PPGHHKH2XXX</BICFI>
<LEI>9845005F56DD4442B896</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>PPGHHKH2XXX</BICFI>
<LEI>9845005F56DD4442B896</LEI>
<Nm>PING PONG GLOBAL HOLDINGS LIMITED</Nm>
<PstlAdr>
<TwnNm>HONG KONG</TwnNm>
<Ctry>HK</Ctry>
<AdrLine>EMPEROR GROUP CENTRE UNIT 06 FLOOR 12 288 HENNESSY ROAD WAN CHAI HONG</AdrLine>
<AdrLine>KONG 0000</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
Register entries are not screened against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Register of Money Service Operators (AMLO Cap. 615)—Customs and Excise Department (C&ED), Hong Kong · register ↗ as at 25 September 2026
- Overview, authorisation, partners, products, leadership and events—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
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