Luxembourg · Payments & e-money
Pingpong Europe S.A
Legal name in the LEI recordPingPong Europe S.A.
PingPong Europe S.A. is a Luxembourg société anonyme registered under RCS number B211775. The Commission de Surveillance du Secteur Financier (CSSF) authorises it as an electronic money institution under reference W00000014. The CSSF granted this licence on 23 October 2020, replacing the payment institution licence the firm had held since 2017. The firm belongs to the PingPong group, which describes Hangzhou as its headquarters, and it offers multi-currency accounts, cross-border payouts, currency conversion and checkout services to businesses in the EEA.
Licences and registrations
Held by PingPong Europe S.A. (LEI 8945002KDPSV23IO3834). 2 entries on 1 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| EBA PSD2 RegisterCommission for the Supervision of Financial SectorLinked by LEI. Matched by Elucidate to GLEIF on name, country and address. | Electronic money institutionE-Money / Stored Value Institution | W00000014 | Luxembourg | Active | 2020-10-23 | — |
|
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| EBA PSD2 RegisterCommission for the Supervision of Financial SectorLinked by LEI. Matched by Elucidate to GLEIF on name, country and address. | Payment institutionPayment Institution | Z00000014 | Luxembourg | Withdrawn | 2017-08-03 | Ended 2020-10-23 |
|
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- 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.
European registers
ECB · monetary financial institutions
List as at 2026-09-25
- Category
- Other monetary financial institution
- Minimum reserves
- Not on the ECB reserve list
- Listed as
- PINGPONG EUROPE S.A.
- RIAD code
- LUW00014
Entries are matched on the LEI. Each register is quoted as its publisher lists it.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- PGPGLULLXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under PGPGLULL directly.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- SCT · SCT Inst · VOP · TIPS
- Branch codes
- None: head-office BIC only
- BIC first registered
- 2024-11-23
- Last updated
- 2025-04-05
Overview
Researched 29 Sep 2026 · Sources
Ownership
Group subsidiary
Firm type
FX and business payments
Trades as PingPong
- Ownership
- The firm belongs to the PingPong group, and none of the sources reviewed name its direct shareholder.
- Head office
- 9, rue du Laboratoire, L-1911 Luxembourg, Luxembourg
- Company register
- Luxembourg RCS B211775
Online
- Websites & references
- pingpongx.com ↗
pingpongx.com/global ↗ PingPong group global site
docs.pingpongx.com ↗ API documentation
investxb.com ↗ InvestXB product site for Luxembourg investment vehicles - Official social accounts
- LinkedIn ↗
Sources · 12 pages consulted
- cssf.lu/wp-content/uploads/S_3_EME_PingPong_Europe_S.A._020326_en.pdf
- pingpongx.com/eu/home
- b2b-cdn.pingpongx.com/b2b/protocol/v5/index.html
- lb.lt/en/sfi-financial-market-participants/pingpong-europe-s-a
- pingpongx.com/global/trustcenter
- international.pingpongx.com/company
- b2b-cdn.pingpongx.com/static_platform/psd2/eu/index.html
- international.pingpongx.com/newsroom/pingpong-launches-investxb
- prnewswire.com/news-releases/pingpong-launches-investxb-in-luxembourg-bringing-next--generation-infrastr
- andyaluxembourg.com/pawelstosik
- en.paperjam.lu/article/pingpong-europe-fined-for-anti-money-laundering-breaches
- finextra.com/pressarticle/85275/pingpong-secures-e-money-licence-in-luxembourg
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The CSSF authorises the firm as an electronic money institution under the Luxembourg Law of 10 November 2009 on payment services, and the firm passports this licence across the EEA. Under its EU terms, customers instruct the firm to send their funds to payment accounts of other PingPong group companies unless they ask in writing to keep them with the firm.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Commission de Surveillance du Secteur Financier (CSSF) Luxembourg | Electronic Money Institution | W00000014 | In its own name | Active | — |
| Commission de Surveillance du Secteur Financier (CSSF) Luxembourg | Payment Institution | Z00000014 | In its own name | Withdrawn or expired | — |
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 customer funds are held in segregated accounts with banking partners and are not used for operational purposes.
- Payment schemes and card networks
- Swift Direct international.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
The firm serves business customers only, including e-commerce sellers receiving marketplace payouts. Since June 2025 it has also served Luxembourg investment vehicles through its InvestXB offer. The EU site states that business cards are provided by a group entity, not by the firm.
According to the firm, its Luxembourg licence carries passporting rights to all European Economic Area countries.
- Payment volume
- USD 300bnannualised transaction volume (stated as USD 300B+)
- Sells to
- Small businesses · Enterprises · Platforms and marketplaces · Other
- Serves customers in 30 countries
- Luxembourg · Austria · Belgium · Bulgaria · Croatia · Cyprus · Czechia · Denmark · Estonia · Finland · France · Germany · Greece · Hungary · Ireland · Italy · Latvia · Lithuania · Malta · Netherlands · Poland · Portugal · Romania · Slovakia · Slovenia · Spain · Sweden · Iceland · Liechtenstein · Norway
- Latest funding round
- Series C Aug 2018
Leadership
Researched 29 Sep 2026 · Sources
- Executive
- Pawel Stosik General Manager, PingPong Europe SA
Recent events 1 enforcement or investigation item
Researched 29 Sep 2026 · Sources
-
Enforcement
The CSSF fined the firm EUR 12,000 for AML/CFT breaches found at an on-site inspection, citing unfiled suspicious transaction reports and weak monitoring systems.
cssf.lu ↗ -
Other
The firm launched InvestXB, which offers multi-currency accounts to alternative investment vehicles in Luxembourg.
prnewswire.com ↗ -
Other
The firm registered its own BIC, PGPGLULL, and the PingPong group states that it became a member of Swift that month.
international.pingpongx.com ↗
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
- PGPGLULLXXX
- How the BIC breaks down
- PGPGBank
- LUCountry · Luxembourg
- LLLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 8945002KDPSV23IO3834
- LEI record
- View on GLEIF ↗
- Licence no. · EBA-PSD2
- W00000014
- Licence no. · EBA-PSD2
- Z00000014
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.Register entries: Matched by Elucidate to GLEIF on name, country and address.
- Register-entry ID
- 78f2845312c3
- National bank code
- IBAN bank code 814
Profile
- Type
- Payments & e-moneyPayment institutions, e-money and stored-value issuers, and account-information providers. Licensed under payment-services law (e.g. PSD2 in the EU and UK, the Payment Services Act in Singapore). Taken from the licences on the tracked registers.
- Regulation
- Prudential licenceAuthorised with capital, safeguarding and conduct requirements, e.g. an authorised payment or e-money institution in the EU or UK, a major payment institution in Singapore, or a MiCA crypto-asset service provider.
- Register licences
- 2 entries on 1 register
- Activities
- Money remittance
- Payment services
- Card acquiring
- E-money / stored value
- Licensed in
- Luxembourg
- Country · region
- Luxembourg · Europe & Central Asia
- Banking supervision
- Not on the ECB's list of supervised entities as of 2026-07-01
- 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
- No country programme
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
- 9 RUE DU LABORATOIRE LUXEMBOURG 1911 LUXEMBOURG
- Operational address
- 9 RUE DU LABORATOIRE LUXEMBOURG 1911 LUXEMBOURG LUXEMBOURG
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>PGPGLULLXXX</BICFI>
<LEI>8945002KDPSV23IO3834</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>PGPGLULLXXX</BICFI>
<LEI>8945002KDPSV23IO3834</LEI>
<Nm>PINGPONG EUROPE S.A</Nm>
<PstlAdr>
<TwnNm>LUXEMBOURG</TwnNm>
<Ctry>LU</Ctry>
<AdrLine>9 RUE DU LABORATOIRE LUXEMBOURG 1911</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.
Payment schemes and systems
EPC registers of 2026-09-11 · ECB T2 list of 2026-07-02 · ECB TIPS list of 2026-09-01 · SIX Bank Master valid on 2026-09-28
| Scheme or system | Since | Registered with | Note |
|---|---|---|---|
| SEPA Credit TransferISO 20022 messages | 2024-09-02 | Head office | — |
| SEPA Instant Credit TransferISO 20022 messages | 2024-09-02 | Head office | — |
| Verification of Payee | 2025-10-06 | Head office | — |
| TIPS (TARGET Instant Payment Settlement)ISO 20022 messages | — | Head office | — |
SEPA dates are when the institution became ready for the scheme. TIPS entries have no joining date.
An institution missing from T2 may still be reachable through an indirect participant. The ECB’s TIPS list does not separate participants from reachable parties. It includes institutions reachable in Swedish kronor as well as in euro.
“ISO 20022 messages” marks a scheme or system whose rulebook or operator specifies ISO 20022 for messages between participants.
National bank codes
IBAN bank code · Luxembourg
1 code
| Code | Routes to BIC | Name in the national file |
|---|---|---|
| 814 | PGPGLULL | PingPong Europe S.A. |
Each code shows the name in the national file. Smaller banks often route through a central institution’s BIC. A code can therefore belong to a different bank than the one on this page.
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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
- Payment schemes and systems—Source: European Payments Council (EPC) Registers of Participants; matched to BICs by Elucidate. Source: European Central Bank, List of TIPS participants and reachable parties.
- National bank codes—Luxembourg (Source: ABBL).
- EBA PSD2 Register—European Banking Authority (EBA) · 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.
- European registers—Source: European Central Bank (ECB), list of monetary financial institutions and list of institutions subject to minimum reserves. Matched on LEI by Elucidate.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: pingpongx.com (official website).
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