--- title: "Pingpong Europe S.A SWIFT/BIC code PGPGLULLXXX · Luxembourg | Elucidate" description: "Licensed in Luxembourg: Electronic money institution (Commission for the Supervision of Financial Sector). SWIFT/BIC code PGPGLULLXXX for Pingpong Europe S.A…" url: https://elucidate.co/directory/pingpong-europe-s-a-pgpglull --- 1. [Directory](https://elucidate.co/directory) 2. [Luxembourg](https://elucidate.co/directory/country/lu) 3. Pingpong Europe S.A ![PingPong logo](https://elucidate.co/images/banks/7a/7a7ff0333522cd5a.svg) Luxembourg · Payments & e-money # Pingpong Europe S.A Legal name in the LEI record PingPong 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. Register status Licensed in Luxembourg Electronic money institution · Commission for the Supervision of Financial Sector Prudential licence [2 licences and registrations ↓](https://elucidate.co/directory/pingpong-europe-s-a-pgpglull#licences) BIC **PGPGLULLXXX** LEI **[8945002KDPSV23IO3834](https://search.gleif.org/#/record/8945002KDPSV23IO3834)** [Licence no. **W00000014**](https://elucidate.co/directory/pingpong-europe-s-a-pgpglull#licences) Connected to Swift Head-office BIC only [Claim this profile](https://elucidate.co/directory/pingpong-europe-s-a-pgpglull#claim) ## 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 Register](https://elucidate.co/directory/register/eba-psd2) Commission for the Supervision of Financial Sector Linked by LEI. Matched by Elucidate to GLEIF on name, country and address. | Electronic money institutionE-Money / Stored Value Institution | W00000014 | [Luxembourg](https://elucidate.co/directory/country/lu) | Active | 2020-10-23 | — | - Money remittance - Payment services - Card acquiring - E-money / stored value | [Search the register ↗](https://euclid.eba.europa.eu/register/pir/search) | | [EBA PSD2 Register](https://elucidate.co/directory/register/eba-psd2) Commission for the Supervision of Financial Sector Linked by LEI. Matched by Elucidate to GLEIF on name, country and address. | Payment institutionPayment Institution | Z00000014 | [Luxembourg](https://elucidate.co/directory/country/lu) | Withdrawn | 2017-08-03 | Ended 2020-10-23 | - Money remittance - Payment services | [Search the register ↗](https://euclid.eba.europa.eu/register/pir/search) | - 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 Swift - **Swift GPI:** Not on the member list - **Payment schemes and systems:** [SCT · SCT Inst · VOP · TIPS](https://elucidate.co/directory/pingpong-europe-s-a-pgpglull#schemes) - **Branch codes:** None: head-office BIC only - **BIC first registered:** 2024-11-23 - **Last updated:** 2025-04-05 ## Overview Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/pingpong-europe-s-a-pgpglull#overview-sources) Customers 750,000 users · Group · 30 Jun 2026 · [company statement ↗](https://www.pingpongx.com/eu/home) Employees 1,700 headcount · Group · 30 Jun 2026 · [company statement ↗](https://www.international.pingpongx.com/company) 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 ↗](https://www.pingpongx.com/eu) [pingpongx.com/global ↗](https://www.pingpongx.com/global) PingPong group global site [docs.pingpongx.com ↗](https://docs.pingpongx.com/) API documentation [investxb.com ↗](https://investxb.com/) InvestXB product site for Luxembourg investment vehicles - **Official social accounts:** [LinkedIn ↗](https://www.linkedin.com/company/pingpongpayments/) Sources · 12 pages consulted 1. [cssf.lu/wp-content/uploads/S\_3\_EME\_PingPong\_Europe\_S.A.\_020326\_en.pdf](https://www.cssf.lu/wp-content/uploads/S_3_EME_PingPong_Europe_S.A._020326_en.pdf) 2. [pingpongx.com/eu/home](https://www.pingpongx.com/eu/home) 3. [b2b-cdn.pingpongx.com/b2b/protocol/v5/index.html](https://b2b-cdn.pingpongx.com/b2b/protocol/v5/index.html) 4. [lb.lt/en/sfi-financial-market-participants/pingpong-europe-s-a](https://www.lb.lt/en/sfi-financial-market-participants/pingpong-europe-s-a) 5. [pingpongx.com/global/trustcenter](https://www.pingpongx.com/global/trustcenter) 6. [international.pingpongx.com/company](https://www.international.pingpongx.com/company) 7. [b2b-cdn.pingpongx.com/static\_platform/psd2/eu/index.html](http://b2b-cdn.pingpongx.com/static_platform/psd2/eu/index.html) 8. [international.pingpongx.com/newsroom/pingpong-launches-investxb](https://www.international.pingpongx.com/newsroom/pingpong-launches-investxb) 9. [prnewswire.com/news-releases/pingpong-launches-investxb-in-luxembourg-bringing-next--generation-infrastr](https://www.prnewswire.com/news-releases/pingpong-launches-investxb-in-luxembourg-bringing-next--generation-infrastructure-to-alternative-investments-302481213.html) 10. [andyaluxembourg.com/pawelstosik](https://www.andyaluxembourg.com/pawelstosik) 11. [en.paperjam.lu/article/pingpong-europe-fined-for-anti-money-laundering-breaches](https://en.paperjam.lu/article/pingpong-europe-fined-for-anti-money-laundering-breaches) 12. [finextra.com/pressarticle/85275/pingpong-secures-e-money-licence-in-luxembourg](https://www.finextra.com/pressarticle/85275/pingpong-secures-e-money-licence-in-luxembourg) ## Authorisation Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/pingpong-europe-s-a-pgpglull#overview-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](https://elucidate.co/directory/pingpong-europe-s-a-pgpglull#overview-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. [pingpongx.com ↗](https://www.pingpongx.com/global/trustcenter) - **Payment schemes and card networks:** Swift Direct [international.pingpongx.com ↗](https://www.international.pingpongx.com/company) 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](https://elucidate.co/directory/pingpong-europe-s-a-pgpglull#overview-sources) - Multi currency accounts - International money transfer - Payouts and mass payments - FX conversion - Merchant acquiring - E-money wallet 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+) Group · 30 Jun 2026 · [company statement ↗](https://www.pingpongx.com/eu/home) - **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 [international.pingpongx.com ↗](https://www.international.pingpongx.com/company) ## Leadership Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/pingpong-europe-s-a-pgpglull#overview-sources) - **Executive:** Pawel Stosik General Manager, PingPong Europe SA Confirmed 4 Jun 2026 · [andyaluxembourg.com ↗](https://www.andyaluxembourg.com/pawelstosik) ## Recent events 1 enforcement or investigation item Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/pingpong-europe-s-a-pgpglull#overview-sources) 1. Mar 2026 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 ↗](https://www.cssf.lu/wp-content/uploads/S_3_EME_PingPong_Europe_S.A._020326_en.pdf) 2. Jun 2025 Other The firm launched InvestXB, which offers multi-currency accounts to alternative investment vehicles in Luxembourg. [prnewswire.com ↗](https://www.prnewswire.com/news-releases/pingpong-launches-investxb-in-luxembourg-bringing-next--generation-infrastructure-to-alternative-investments-302481213.html) 3. Nov 2024 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 ↗](https://www.international.pingpongx.com/company) 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:** 1. PGPG Bank 2. LU Country · Luxembourg 3. LL Location 4. XXX Branch · head office - **Branch description:** Not recorded in the directory - **LEI:** 8945002KDPSV23IO3834 - **LEI record:** [View on GLEIF ↗](https://search.gleif.org/#/record/8945002KDPSV23IO3834) - **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](https://elucidate.co/directory/pingpong-europe-s-a-pgpglull#bank-codes) ## Profile - **Type:** Payments & e-money - **Regulation:** Prudential licence - **Register licences:** [2 entries on 1 register](https://elucidate.co/directory/pingpong-europe-s-a-pgpglull#licences) - **Activities:** - Money remittance - Payment services - Card acquiring - E-money / stored value - **Licensed in:** [Luxembourg](https://elucidate.co/directory/country/lu) - **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 ```xml PGPGLULLXXX 8945002KDPSV23IO3834 ``` ### 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 ```xml PGPGLULLXXX 8945002KDPSV23IO3834 PINGPONG EUROPE S.A LUXEMBOURG LU 9 RUE DU LABORATOIRE LUXEMBOURG 1911 ``` 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. ## Related institutions ### Same name, different BIC - [Pingpong Europe S.A BIC PIPOLUL2 Financial institution Not on a tracked register Luxembourg · Not on a tracked register · No LEI mapped](https://elucidate.co/directory/pingpong-europe-s-a-pipolul2) ### Other payments & e-money institutions in Luxembourg - [bitFlyer EUROPE S.A. · trading as bitFlyer EUROPE No BIC Payments & e-money Crypto Prudential licence Luxembourg · Licensed by Commission for the Supervision of Financial Sector · Z00000016 (EBA-PSD2) · also on ESMA-CASP · LEI 984500D4465EFA89EF38](https://elucidate.co/directory/bitflyer-europe-s-a-b881566be0b9) - [Bitstamp Europe S.A. · trading as Bitstamp No BIC Payments & e-money Crypto Prudential licence Luxembourg · Licensed by Commission for the Supervision of Financial Sector · Z00000012 (EBA-PSD2) · also on ESMA-CASP · LEI 549300XIBGTJ0PLIEO72](https://elucidate.co/directory/bitstamp-europe-s-a-71371ac4c8c0) - [Bridge Building S.A. · trading as Bridge No BIC Payments & e-money Crypto Prudential licence Luxembourg · Licensed by Commission for the Supervision of Financial Sector · W00000024 (EBA-PSD2) · also on ESMA-CASP · LEI 254900MVWQXMF77YZP65](https://elucidate.co/directory/bridge-building-s-a-0b56e0c37f2b) - [Coinbase Luxembourg S.A. · trading as Coinbase No BIC Payments & e-money Crypto Prudential licence Luxembourg · Licensed by Commission for the Supervision of Financial Sector · W00000022 (EBA-PSD2) · also on ESMA-CASP · LEI 984500F14CA4571AAC11](https://elucidate.co/directory/coinbase-luxembourg-s-a-01c4e5bfcaa0) - [CPS Europe S.A. · trading as CPS No BIC Payments & e-money Crypto Prudential licence Luxembourg · Licensed by Commission for the Supervision of Financial Sector · W000000019 (EBA-PSD2) · also on ESMA-CASP · LEI 984500CFB88366E9B834](https://elucidate.co/directory/cps-europe-s-a-ee03d022fd8b) - [Ripple Payments Europe S.A. No BIC Payments & e-money Crypto Prudential licence Luxembourg · Licensed by Commission for the Supervision of Financial Sector · W00000021 (EBA-PSD2) · also on ESMA-CASP · LEI 2549000KEHDV2LWRRZ45](https://elucidate.co/directory/ripple-payments-europe-s-a-1d707a8aeba4) - [Standard Chartered Luxembourg S.A. · trading as Standard Chartered No BIC Payments & e-money Crypto Prudential licence Luxembourg · Licensed by Commission for the Supervision of Financial Sector · W00000023 (EBA-PSD2) · also on ESMA-CASP · LEI 213800HAR45C9K18O294](https://elucidate.co/directory/standard-chartered-luxembourg-s-a-d957b2042f07) - [Stokr S.A. · trading as STOKR No BIC Payments & e-money Crypto Prudential licence Luxembourg · Licensed by Commission for the Supervision of Financial Sector · Z00000033 (EBA-PSD2) · also on ESMA-CASP · LEI 984500BA521C5EMR1D63](https://elucidate.co/directory/stokr-s-a-c68ac911f3dc) [See all →](https://elucidate.co/directory/search?type=payments&cc=LU) Claim this profile ## Work at Pingpong Europe S.A? Claim this page to have it marked as verified by the bank, and to send us corrections. We verify every claim before anything changes on the page. 1. 01 **Submit** Tell us who you are, using your work email. 2. 02 **We verify** We check the email domain and confirm your role with the bank. This usually takes up to five business days. 3. 03 **Profile claimed** The page is marked as claimed and verified. You can send us corrections at any time. 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 →](https://elucidate.co/directory/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 ↗](https://euclid.eba.europa.eu/register/pir/search) 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](https://www.pingpongx.com/eu/home) (official website). ## Assess the financial crime risk behind a BIC A BIC identifies an institution; it does not assess it. The [Elucidate FinCrime Index (EFI)](https://elucidate.co/ratings) is an independent score of the financial crime risk of banks, built for correspondent banking and counterparty due diligence. [Book a demo](https://elucidate.co/demo-request) Licence and registration data are drawn from the public registers of the regulators named on each page and shown for information only; the official register is always the authority. LEIs and ownership are from GLEIF. Directory and gpi data are drawn from SWIFT's public sources. SWIFT, Swift gpi and UETR are trademarks of S.W.I.F.T. SC, Avenue Adèle 1, 1310 La Hulpe, Belgium. Elucidate is not affiliated with, endorsed by or sponsored by SWIFT or any regulator named here. Elucidate does not provide payment or other financial services.