US-based Fintech company, PingPong Payments India is marking its footprint among Online E-commerce sellers and freelancers. Within 5 months of starting its operations, PingPong India has received a convivial response from the Amazon Seller community as well as freelancer’s segment. In the last 2 months, PingPong hosted Seller Summits in Delhi, Jaipur, and Mumbai. The first seller summit hosted in Delhi had an overwhelming response & seller participation. The event had speakers from the e-commerce giant Amazon, go to customer platform Shopify & logistic partner Gxpress. The response from Delhi sellers was stupendous, where one of the leading seller on Amazon.com - Mr. Mustak Ali, Owner Linen Club said, “I am saving INR 25K – 30K per month using PingPong Payments.”
The second meet-up was hosted in Mumbai for a very focused group of sellers to understand more about the current challenges the seller community is facing in terms of banking and foreign exchange charges. “It was a great experience and an interesting session for the PingPong team where we could connect with sellers and freelancers. The USP’s and various important features of the product were very well received by the attendees. The more we meet and talk to seller community, the more we learn about the market. This in turn helps us in coming up with much better features and solutions for them," said Mr. Sidharth Prasad, PingPong Payments India.
The recent seller summit was hosted in India’s one of the largest exports’ city, Jaipur. Jaipur has been a hub, not only in terms of offline exports, but also has been a contributing factor to the major chunk of Online exports. The handicrafts, tapestry and handcrafted jewellery, gems are high value and volume categories sold on Amazon USA, Amazon UK & Amazon EU. The PingPong Seller Summit Jaipur hosted around 150+ e-commerce sellers and 20+ freelancers. The summit had partner presentations from Amazon Global Selling team, Shopify and Jaipur based international logistics partner Gxpress. The event had participation from many Amazon service partners who help sellers in the areas of digital marketing, accounts management, etc. The partner had the booths in the event where they could network and promote their services to seller community. It was one of the biggest events hosted by the PingPong India team since its inception. Two of PingPong customers based in Jaipur - NavyaCraft and Gokul Handloom shared their experience of using the PingPong platform for receiving their payments from Amazon Global Market places like Amazon US, Amazon UK & Amazon EU. “A penny saved is a penny earned. And PingPong helps me save each penny. A unique proposition of PingPong, Supplier Pay provides a single interface for payments to suppliers in multiple currencies. I’m satisfied with PingPong team and their services," said Mr. Pawanesh Gupta, Owner Navya Craft.
"We have received a very encouraging response from the India market so far. We will continue to host such large summits and meet-ups amongst sellers and freelancers to create awareness about our products and services. The freelancers who receive payments from their International clients still pay around a 4% fee, which is 4-5 times the fee that PingPong offers. PingPong is committed to offering the most secure, efficient and low-cost payment solution for E-commerce exporters and freelancers who receive cross border payments for their products and services," said Mr. Sidharth Prasad, India Business Head, PingPong.
PingPong is one of the world's fastest-growing cross-border B2B payment platforms. PingPong simply has a 1 percent fee rate in India, which means that cross-border sellers who use PingPong can save at least half of the service fee during the payment process. Earlier reports said that PingPong has saved more than USD 1 billion in service fees for cross-border sellers around the world selling on marketplaces like Amazon, Wish, Cdiscount, Shopee, and Rakuten.
PingPong also provides solutions to problems of slow cash withdrawal and complicated fund management in the multi-platform store. PingPong provides a single portal for easy payments with features like VAT pay and Supplier Pay. For the freelancer segments, PingPong also supports receiving payment from platforms like freelancer.com, guru.com, upwork, peopleperhour etc.