---
title: "Pingpong Payment UK Limited SWIFT/BIC code PIPYGB22XXX · United Kingdom | Elucidate"
description: "Licensed in the United Kingdom: Authorised E-Money Institution (FCA). SWIFT/BIC code PIPYGB22XXX for Pingpong Payment UK Limited, United Kingdom."
url: https://elucidate.co/directory/pingpong-payment-uk-limited-pipygb22
---

1.  [Directory](https://elucidate.co/directory)
2.  [United Kingdom](https://elucidate.co/directory/country/gb)
3.  Pingpong Payment UK Limited

United Kingdom · Payments & e-money

# Pingpong Payment UK Limited

Legal name in the LEI record PINGPONG 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.

Register status

Licensed in the United Kingdom

Authorised E-Money Institution · FCA

Prudential licence

[1 licence or registration ↓](https://elucidate.co/directory/pingpong-payment-uk-limited-pipygb22#licences)

BIC **PIPYGB22XXX** LEI **[984500A88EB9E2D08384](https://search.gleif.org/#/record/984500A88EB9E2D08384)** [Licence no. **974154**](https://elucidate.co/directory/pingpong-payment-uk-limited-pipygb22#licences) Reverse billing Head-office BIC only [Claim this profile](https://elucidate.co/directory/pingpong-payment-uk-limited-pipygb22#claim)

## 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 Institutions](https://elucidate.co/directory/register/fca-emi) FCA Linked by LEI. Matched by Elucidate on the UK company number the register gives. | Authorised E-Money InstitutionE-Money / Stored Value Institution | 974154 | [United Kingdom](https://elucidate.co/directory/country/gb) | Active | 2023-04-13 | — | - Payment services - E-money / stored value | [Search the register ↗](https://register.fca.org.uk/s/) |

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 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](https://elucidate.co/directory/pingpong-payment-uk-limited-pipygb22#overview-sources)

Customers

750,000

customers · Group · 29 Sep 2026 · [company statement ↗](https://www.international.pingpongx.com/licencing-and-regulation)

Employees

25

headcount · This entity · 31 Dec 2025 · [annual report ↗](https://find-and-update.company-information.service.gov.uk/company/12602063/filing-history/MzU0MjUyOTYzNGFkaXF6a2N4/document?format=pdf&download=0)

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 ↗](https://www.pingpongx.com/) [international.pingpongx.com ↗](https://www.international.pingpongx.com/) alternative domain of the group's global site [docs.pingpongx.com ↗](https://docs.pingpongx.com/) developer documentation [help.pingpongx.com ↗](https://help.pingpongx.com/global-en/) help centre
- **Official social accounts:** [LinkedIn ↗](https://www.linkedin.com/company/pingpongpayments/)

Sources · 12 pages consulted

1.  [find-and-update.company-information.service.gov.uk/company/12602063](https://find-and-update.company-information.service.gov.uk/company/12602063)
2.  [find-and-update.company-information.service.gov.uk/company/12602063/officers](https://find-and-update.company-information.service.gov.uk/company/12602063/officers)
3.  [find-and-update.company-information.service.gov.uk/company/12602063/persons-with-significant-control](https://find-and-update.company-information.service.gov.uk/company/12602063/persons-with-significant-control)
4.  [find-and-update.company-information.service.gov.uk/company/12602063/filing-history](https://find-and-update.company-information.service.gov.uk/company/12602063/filing-history)
5.  [find-and-update.company-information.service.gov.uk/company/12602063/filing-history/MzU0MjUyOTYzNGFkaXF6a2N4/document?format=pdf&download=0](https://find-and-update.company-information.service.gov.uk/company/12602063/filing-history/MzU0MjUyOTYzNGFkaXF6a2N4/document?format=pdf&download=0)
6.  [register.fca.org.uk/servlet/servlet.FileDownload?file=015b0000006CWmx](https://register.fca.org.uk/servlet/servlet.FileDownload?file=015b0000006CWmx)
7.  [international.pingpongx.com/trust-center](https://www.international.pingpongx.com/trust-center)
8.  [international.pingpongx.com/licencing-and-regulation](https://www.international.pingpongx.com/licencing-and-regulation)
9.  [clear.bank/learn/news/pingpong-payments-enhances-global-capabilities-through-partnership-with-clearb](https://clear.bank/learn/news/pingpong-payments-enhances-global-capabilities-through-partnership-with-clearbank)
10.  [prnewswire.com/news-releases/pingpong-partners-with-visa-to-launch-card-to-account-payment-solution-for-](https://www.prnewswire.com/news-releases/pingpong-partners-with-visa-to-launch-card-to-account-payment-solution-for-global-businesses-302781642.html)
11.  [finextra.com/pressarticle/96589/pingpong-payments-secures-emi-licence-in-the-uk](https://www.finextra.com/pressarticle/96589/pingpong-payments-secures-emi-licence-in-the-uk)
12.  [businesswire.com/news/home/20220406005846/en/i2c-Partners-with-Fintech-Unicorn-PingPong-to-Power-Rapidly-G](https://www.businesswire.com/news/home/20220406005846/en/i2c-Partners-with-Fintech-Unicorn-PingPong-to-Power-Rapidly-Growing-B2B-Mastercard-Credit-Offering)

## Authorisation

Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/pingpong-payment-uk-limited-pipygb22#overview-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 ↗](https://register.fca.org.uk/servlet/servlet.FileDownload?file=015b0000006CWmx) |

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-payment-uk-limited-pipygb22#overview-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. [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/12602063/filing-history/MzU0MjUyOTYzNGFkaXF6a2N4/document?format=pdf&download=0)
- **Settlement bank:** ClearBank United Kingdom [clear.bank ↗](https://clear.bank/learn/news/pingpong-payments-enhances-global-capabilities-through-partnership-with-clearbank)
- **Payment schemes and card networks:** Faster Payments Through a partner [clear.bank ↗](https://clear.bank/learn/news/pingpong-payments-enhances-global-capabilities-through-partnership-with-clearbank) Bacs Through a partner [clear.bank ↗](https://clear.bank/learn/news/pingpong-payments-enhances-global-capabilities-through-partnership-with-clearbank) CHAPS Through a partner [clear.bank ↗](https://clear.bank/learn/news/pingpong-payments-enhances-global-capabilities-through-partnership-with-clearbank)

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-payment-uk-limited-pipygb22#overview-sources)

-   Multi currency accounts
-   Payouts and mass payments
-   International money transfer
-   FX conversion
-   Merchant acquiring
-   Card-issuing platform
-   E-money wallet

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 289,281This entity · 31 Dec 2025 · [annual report ↗](https://find-and-update.company-information.service.gov.uk/company/12602063/filing-history/MzU0MjUyOTYzNGFkaXF6a2N4/document?format=pdf&download=0)
- **Payment volume:** USD 300bnannualised transaction volume (group, stated as 300B+) Group · 30 Jun 2026 · [company statement ↗](https://www.international.pingpongx.com/licencing-and-regulation)
- **Sells to:** Small businesses · Enterprises · Platforms and marketplaces
- **Serves customers in:** United Kingdom

## Leadership

Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/pingpong-payment-uk-limited-pipygb22#overview-sources)

- **Executive:** Zheng Xu Director Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/12602063/officers)
- **Executive:** Ning Wang Director Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/12602063/officers)

## Recent events

Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/pingpong-payment-uk-limited-pipygb22#overview-sources)

1.  Aug 2026

    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 ↗](https://find-and-update.company-information.service.gov.uk/company/12602063/filing-history)

2.  Jun 2026

    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 ↗](https://find-and-update.company-information.service.gov.uk/company/12602063/filing-history)

3.  May 2026

    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 ↗](https://www.prnewswire.com/news-releases/pingpong-partners-with-visa-to-launch-card-to-account-payment-solution-for-global-businesses-302781642.html)

4.  Aug 2025

    Other

    ClearBank announced it would give PingPong agency access to Faster Payments, Bacs and CHAPS and virtual GBP accounts in the UK.

    [clear.bank ↗](https://clear.bank/learn/news/pingpong-payments-enhances-global-capabilities-through-partnership-with-clearbank)

5.  Mar 2025

    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 ↗](https://find-and-update.company-information.service.gov.uk/company/12602063/filing-history)

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:** 1. PIPY Bank 2. GB Country · United Kingdom 3. 22 Location · reverse billing 4. XXX Branch · head office
- **Branch description:** Not recorded in the directory
- **LEI:** 984500A88EB9E2D08384
- **LEI record:** [View on GLEIF ↗](https://search.gleif.org/#/record/984500A88EB9E2D08384)
- **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-money
- **Regulation:** Prudential licence
- **Register licences:** [1 entry on 1 register](https://elucidate.co/directory/pingpong-payment-uk-limited-pipygb22#licences)
- **Activities:** - Payment services - E-money / stored value
- **Licensed in:** [United Kingdom](https://elucidate.co/directory/country/gb)
- **Website (register):** [www.pingpongx.com ↗](https://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

```xml
<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

```xml
<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.

## Related institutions

### Other payments & e-money institutions in the United Kingdom

-   [Stonex Financial LTD BIC IGLUGB2L Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 446717 (FCA-PSD) · also on FINTRAC-MSB · LEI 549300AWF3TOHRYL7754](https://elucidate.co/directory/stonex-financial-ltd-iglugb2l)
-   [Dex International Limited · trading as DEXREMIT No BIC Payments & e-money Crypto Money service business Prudential licence United Kingdom · Licensed by FCA · 503929 (FCA-PSD) · also on HMRC-MLR, FINTRAC-MSB · LEI 9845003995D06S994R04](https://elucidate.co/directory/dex-international-limited-ff2b0c01c725)
-   [Euronet Payment Services Ltd · trading as Ria Money Transfer, Ria No BIC Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 504630 (FCA-PSD) · also on HMRC-MLR · No LEI mapped](https://elucidate.co/directory/euronet-payment-services-ltd-6f4dec33a392)
-   [Instinet Europe Limited BIC ISNTGB2L Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 140822 (FCA-PSD) · LEI 213800MXAKR2LA1VBM44](https://elucidate.co/directory/instinet-europe-limited-isntgb2l)
-   [Isx Financial UK LTD BIC ISFIGB22 Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 901034 (FCA-EMI) · LEI 2138007BDV9IRS8AYD07](https://elucidate.co/directory/isx-financial-uk-ltd-isfigb22)
-   [Western Union Payment Services GB Limited · trading as Manning House, WU No BIC Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 816890 (FCA-PSD) · also on HMRC-MLR · No LEI mapped](https://elucidate.co/directory/western-union-payment-services-gb-limited-0741de977896)
-   [A to Z 4U Ltd · trading as SAAK REMIT, Saakpay No BIC Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 570837 (FCA-PSD) · also on HMRC-MLR · No LEI mapped](https://elucidate.co/directory/a-to-z-4u-ltd-25c2ca0fa3b5)
-   [Allied Wallet Limited No BIC Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 900124 (FCA-EMI) · also on FCA-PSD · LEI 213800HO66BDXP716G24](https://elucidate.co/directory/allied-wallet-limited-8983cc2e32eb)

[See all →](https://elucidate.co/directory/search?type=payments&cc=GB)

Claim this profile

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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 →](https://elucidate.co/directory/methodology)

Credits for this page

-   **FCA Financial Services Register - E-Money Institutions**—Financial Conduct Authority (FCA) · [register ↗](https://register.fca.org.uk/s/) 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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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.