NEW YORK and VANCOUVER, BC, March 10, 2025 /PRNewswire/ -- Best Buy Canada has selected PingPong, a world-leading provider of cross-border embedded payment solutions, to become its first cross-border payment service provider of record on its Marketplace. Leveraging PingPong's easy-to-integrate API, Best Buy Canada will begin expanding internationally and facilitate payouts to international sellers.

By leveraging PingPong's global capability BestBuy Canada will have the opportunity to unlock new revenue streams and cross-border operational efficiencies. To date, PingPong has secured over 60 financial licenses worldwide, supports transactions in more than 100 currencies and operates in over 200 countries and regions.

Sherry Zah, Vice President of Best Buy Canada's Marketplace business said, "Our new partnership with PingPong is a key part of our international growth strategy. The integration team at PingPong has facilitated a swift onboarding process. PingPong's global network and ecosystem will unlock new revenue streams for us as we look to expand our marketplace to new international sellers."

Best Buy Canada joins leading marketplaces like Wish and Wayfair in leveraging PingPong's sophisticated international payments capabilities. The partnership will increase Gross Merchandise Volume (GMV), reduce operational overheads, and enhance both the seller and buyer experience.

"Our work with BestBuy Canada is a testament to our capability to help businesses scale globally. With hundreds of thousands of customers using PingPong's ecosystem worldwide, we are uniquely placed to power cross-border payment services for enterprises of all sizes. We are excited to work closely with BestBuy Canada and drive long-term revenue growth for the business", said Alex Chen, Vice President, APAC, Head of Global Partnerships.

About PingPong
PingPong was founded in New York in 2015, with the goal of solving the immense challenge of scaling enterprise businesses globally. Fast forward to today, and PingPong has become one of the world's leading global cross-border payments platforms, processing more than $250 billion USD. Our API-first cross-border payments platform integrates with enterprises to send, manage, and receive money faster on a global scale.

PingPong currently has 37 offices in 15 countries and over 1,000 employees. Our international presence helps businesses solve complex payment needs in every major economy across all time zones.

About Best Buy Canada
A wholly owned subsidiary of Best Buy Co., Inc. (NYSE:BBY), Best Buy Canada Ltd. is one of Canada's largest and most innovative omnichannel retailers, operating the Best Buy, Best Buy Mobile, Best Buy Express and Geek Squad (www.geeksquad.ca) brands. With over 320 Best Buy, Best Buy Mobile and Best Buy Express stores across Canada and an expanded assortment of lifestyle products offered through BestBuy.ca, Best Buy is a leader in total retail, catering to customers how, when, and where they want to shop. Best Buy Canada is committed to making a positive impact in the community with programs and partnerships that support youth to connect with technology to advance their education. For more information, visit BestBuy.ca.

Logo:

View original content:https://www.prnewswire.co.uk/news-releases/best-buy-canada-selects-pingpong-as-their-first-cross-border-partner-to-drive-international-growth-on-its-marketplace-302396841.html

Images

Tags

More Like This

PingPong receives Indonesian payments licence, unlocking the $1.5 trillion USD region for enterprises

PingPong and MODIFI Announce Partnership to Transform B2B Cross-border Payments and Digital Trade Finance

eBay announces global payment acquiring partnership with Checkout.com

UnionPay Now Accepted on JD.com: Cross-Border Shopping Made Easier for Global Customers

Bottomline Wins Cross-Border Payment Company of the Year

UnionPay International Brings Borderless Payment Experience to Global Cardholders

UnionPay's Innovative Payment Products Showcased at the CIIE for Convenient Cross-Border Payment Services

PayPal's Xoom partners with Tenpay Global to offer cross-border remittances to Weixin