United Kingdom · Payments & e-money
Pingpong Payment UK Limited
Legal name in the LEI recordPINGPONG PAYMENT (UK) LIMITED
PingPong Payment (UK) Limited is a private limited company registered in England and Wales and based in London. The Financial Conduct Authority (FCA) has authorised it as an electronic money institution since 13 April 2023, under firm reference 974154. It belongs to the PingPong group, whose ultimate parent is Pingpong (Cayman) Limited. It holds the firm through FLC3 (Hong Kong) Limited. According to its 2025 annual report, it provides payment collection, payment execution, foreign exchange and e-money services to business customers engaged in domestic and cross-border commerce.
Licences and registrations
Held by Pingpong Payment (UK) Limited (LEI 984500A88EB9E2D08384). 1 entry on 1 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| FCA Financial Services Register - E-Money InstitutionsFCALinked by LEI. Matched by Elucidate on the UK company number the register gives. | Authorised E-Money InstitutionE-Money / Stored Value Institution | 974154 | United Kingdom | Active | 2023-04-13 | — |
|
Search the register ↗ |
Trading names on the register: PingPong UK (FCA-EMI)
- 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
- PIPYGB22XXX 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 PIPYGB22 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
- 2024-06-01
- Last updated
- 2024-06-01
Overview
Researched 29 Sep 2026 · Sources
Ownership
Group subsidiary
FLC3 (Hong Kong) Limited
Firm type
FX and business payments
Trades as PingPong
- Ownership
- FLC3 (Hong Kong) Limited is the direct parent. The ultimate parent is Pingpong (Cayman) Limited, of which founder Yu Chen holds 35.03% through Fly Cove Limited.
- Direct parent
- FLC3 (Hong Kong) Limited, Hong Kong SAR China
- Ultimate owner
- Pingpong (Cayman) Limited, Cayman Islands
- Major shareholder
- Yu Chen (person with significant control: more than 25% but not more than 50% of shares, 75% or more of voting rights, held indirectly)
- Head office
- 35 King Street, EC2V 8BB London, United Kingdom
- Company register
- Companies House 12602063
- Incorporated
- 14 May 2020
- Founder
- Yu Chen
Online
- Websites & references
- pingpongx.com ↗
international.pingpongx.com ↗ alternative domain of the group's global site
docs.pingpongx.com ↗ developer documentation
help.pingpongx.com ↗ help centre - Official social accounts
- LinkedIn ↗
Sources · 12 pages consulted
- find-and-update.company-information.service.gov.uk/company/12602063
- find-and-update.company-information.service.gov.uk/company/12602063/officers
- find-and-update.company-information.service.gov.uk/company/12602063/persons-with-significant-control
- find-and-update.company-information.service.gov.uk/company/12602063/filing-history
- find-and-update.company-information.service.gov.uk/company/12602063/filing-history/MzU0MjUyOTYzNGFkaXF6a2N4/document?format=pdf&download=0
- register.fca.org.uk/servlet/servlet.FileDownload?file=015b0000006CWmx
- international.pingpongx.com/trust-center
- international.pingpongx.com/licencing-and-regulation
- clear.bank/learn/news/pingpong-payments-enhances-global-capabilities-through-partnership-with-clearb
- prnewswire.com/news-releases/pingpong-partners-with-visa-to-launch-card-to-account-payment-solution-for-
- finextra.com/pressarticle/96589/pingpong-payments-secures-emi-licence-in-the-uk
- businesswire.com/news/home/20220406005846/en/i2c-Partners-with-Fintech-Unicorn-PingPong-to-Power-Rapidly-G
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The FCA authorises the firm as an electronic money institution (firm reference 974154). Its register activities are e-money issuance and payment services. The group's global site states that other PingPong entities hold licences in other jurisdictions.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Conduct Authority United Kingdom | Authorised Electronic Money Institution | 974154 | In its own name | Active | register.fca.org.uk ↗ |
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 accountsAccording to its 2025 annual report, the firm holds customer funds in segregated safeguarding accounts, reconciles them regularly and uses a small number of external banking partners for safeguarding.
- Settlement bank
- ClearBank United Kingdom
- Payment schemes and card networks
- Faster Payments Through a partner clear.bank ↗
Bacs Through a partner clear.bank ↗
CHAPS Through a partner clear.bank ↗
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 its 2025 accounts, the firm earns fees from payment collection and payouts, card issuing and merchant acquiring for business customers. The UK is its only reported revenue market.
The firm serves business customers from the UK under its FCA licence, and its 2025 accounts attribute all revenue to the United Kingdom.
- Revenue
- GBP 289,281
- Payment volume
- USD 300bnannualised transaction volume (group, stated as 300B+)
- Sells to
- Small businesses · Enterprises · Platforms and marketplaces
- Serves customers in
- United Kingdom
Leadership
Researched 29 Sep 2026 · Sources
- Executive
- Zheng Xu Director
- Executive
- Ning Wang Director
Recent events
Researched 29 Sep 2026 · Sources
-
Leadership
David Messenger ceased to be a director of the firm on 28 August 2026, according to Companies House.
find-and-update.company-information.service.gov.uk ↗ -
Other
The group made a further GBP 2 million capital contribution, taking the firm's issued share capital to GBP 11 million.
find-and-update.company-information.service.gov.uk ↗ -
Other
PingPong launched a card-to-account business payment service with Visa, which it said was live in the UK, EU and Hong Kong.
prnewswire.com ↗ -
Other
ClearBank announced it would give PingPong agency access to Faster Payments, Bacs and CHAPS and virtual GBP accounts in the UK.
clear.bank ↗ -
Leadership
The firm appointed Ning Wang, Zheng Xu and David Messenger as directors. Kenny Tsang and Lan Yao stepped down.
find-and-update.company-information.service.gov.uk ↗
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
- PIPYGB22XXX
- How the BIC breaks down
- PIPYBank
- GBCountry · United Kingdom
- 22Location · reverse billing
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 984500A88EB9E2D08384
- LEI record
- View on GLEIF ↗
- Licence no. · FCA-EMI
- 974154
- 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 on the UK company number the register gives.
- Register-entry ID
- 4fe3c260df51
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
- 1 entry on 1 register
- Activities
- Payment services
- E-money / stored value
- Licensed in
- United Kingdom
- Website (register)
- www.pingpongx.com ↗
- Country · region
- United Kingdom · Europe & Central Asia
- 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
- 60 CANNON STREET LONDON EC4N 6NP UNITED KINGDOM
- Operational address
- 60 CANNON STREET LONDON LONDON EC4N 6NP UNITED KINGDOM
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>PIPYGB22XXX</BICFI>
<LEI>984500A88EB9E2D08384</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>PIPYGB22XXX</BICFI>
<LEI>984500A88EB9E2D08384</LEI>
<Nm>PINGPONG PAYMENT UK LIMITED</Nm>
<PstlAdr>
<TwnNm>LONDON</TwnNm>
<Ctry>GB</Ctry>
<AdrLine>60 CANNON STREET LONDON EC4N 6NP</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
- FCA Financial Services Register - E-Money Institutions—Financial Conduct Authority (FCA) · 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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