Best Buy Canada Selects PingPong As Their First Cross-Border Partner To Drive International Growth on its Marketplace
Best Buy Canada has partnered with PingPong as its first cross-border payment service provider for its Marketplace platform. This strategic collaboration, announced on March 10, 2025, aims to facilitate international expansion and enable payouts to global sellers.
PingPong, a leading cross-border embedded payment solutions provider, brings significant capabilities to the partnership with:
- Over 60 financial licenses worldwide
- Support for 100+ currencies
- Operations in 200+ countries and regions
The partnership is expected to increase Gross Merchandise Volume (GMV), reduce operational costs, and enhance both seller and buyer experiences. Best Buy Canada joins other major marketplaces like Wish and Wayfair in utilizing PingPong's international payment capabilities.
Best Buy Canada ha stretto una partnership con PingPong come primo fornitore di servizi di pagamento transfrontaliero per la sua piattaforma Marketplace. Questa collaborazione strategica, annunciata il 10 marzo 2025, mira a facilitare l'espansione internazionale e a consentire i pagamenti ai venditori globali.
PingPong, un fornitore leader di soluzioni di pagamento integrate transfrontaliere, porta importanti capacit脿 alla partnership con:
- Oltre 60 licenze finanziarie in tutto il mondo
- Supporto per oltre 100 valute
- Operazioni in oltre 200 paesi e regioni
Si prevede che la partnership aumenter脿 il Volume Lordo delle Merci (GMV), ridurr脿 i costi operativi e migliorer脿 sia l'esperienza dei venditori sia quella degli acquirenti. Best Buy Canada si unisce ad altri importanti marketplace come Wish e Wayfair nell'utilizzare le capacit脿 di pagamento internazionali di PingPong.
Best Buy Canada se ha asociado con PingPong como su primer proveedor de servicios de pago transfronterizo para su plataforma Marketplace. Esta colaboraci贸n estrat茅gica, anunciada el 10 de marzo de 2025, tiene como objetivo facilitar la expansi贸n internacional y permitir pagos a vendedores globales.
PingPong, un proveedor l铆der de soluciones de pago integradas transfronterizas, aporta capacidades significativas a la asociaci贸n con:
- M谩s de 60 licencias financieras en todo el mundo
- Soporte para m谩s de 100 monedas
- Operaciones en m谩s de 200 pa铆ses y regiones
Se espera que la asociaci贸n aumente el Volumen Bruto de Mercanc铆as (GMV), reduzca los costos operativos y mejore tanto la experiencia de los vendedores como la de los compradores. Best Buy Canada se une a otros importantes marketplaces como Wish y Wayfair en la utilizaci贸n de las capacidades de pago internacionales de PingPong.
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Best Buy Canada a 茅tabli un partenariat avec PingPong en tant que premier fournisseur de services de paiement transfrontalier pour sa plateforme Marketplace. Cette collaboration strat茅gique, annonc茅e le 10 mars 2025, vise 脿 faciliter l'expansion internationale et 脿 permettre les paiements aux vendeurs mondiaux.
PingPong, un fournisseur leader de solutions de paiement int茅gr茅es transfrontali猫res, apporte des capacit茅s significatives 脿 ce partenariat avec :
- Plus de 60 licences financi猫res dans le monde
- Support pour plus de 100 devises
- Op茅rations dans plus de 200 pays et r茅gions
On s'attend 脿 ce que ce partenariat augmente le Volume Brut des Marchandises (GMV), r茅duise les co没ts op茅rationnels et am茅liore l'exp茅rience tant des vendeurs que des acheteurs. Best Buy Canada rejoint d'autres grandes places de march茅 comme Wish et Wayfair en utilisant les capacit茅s de paiement internationales de PingPong.
Best Buy Kanada hat eine Partnerschaft mit PingPong als ersten Anbieter von grenz眉berschreitenden Zahlungsdiensten f眉r seine Marketplace-Plattform geschlossen. Diese strategische Zusammenarbeit, die am 10. M盲rz 2025 bekannt gegeben wurde, zielt darauf ab, die internationale Expansion zu erleichtern und Zahlungen an globale Verk盲ufer zu erm枚glichen.
PingPong, ein f眉hrender Anbieter von integrierten grenz眉berschreitenden Zahlungsl枚sungen, bringt bedeutende F盲higkeiten in die Partnerschaft ein mit:
- 脺ber 60 Finanzlizenzen weltweit
- Unterst眉tzung f眉r 眉ber 100 W盲hrungen
- Operationen in 眉ber 200 L盲ndern und Regionen
Es wird erwartet, dass die Partnerschaft das Bruttowarenvolumen (GMV) erh枚ht, die Betriebskosten senkt und sowohl die Verk盲ufer- als auch die K盲ufererfahrungen verbessert. Best Buy Kanada reiht sich in die Reihe anderer gro脽er Marktpl盲tze wie Wish und Wayfair ein, die die internationalen Zahlungsf盲higkeiten von PingPong nutzen.
- New revenue streams through international market expansion
- Reduced operational overhead costs
- Enhanced marketplace capabilities through 100+ currency support
- Integration with established payment provider (60+ financial licenses)
- Initial investment and integration costs for new payment system
- Potential operational complexities from managing 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听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听
was founded in
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
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