Asia Tech Wire (July 31) -- Chinese cross-border payment platform PingPong has recently obtained a PJP payment license issued by Indonesia's central bank.

The license allows PingPong to carry out domestic transfers and cross-border remittances in Indonesia.

With this license, PingPong can provide a one-stop service of global receipt, payment, remittance and management for all kinds of global enterprises going to Indonesia as well as for the global expansion of Indonesian local enterprises in compliance and convenience.

Founded in 2015, PingPong currently has more than 20 branches around the world, with business covering more than 200 countries and regions.