Core Insights - PingPong has signed a Memorandum of Understanding (MoU) with CIMB to establish a strategic partnership aimed at enhancing cross-border payment experiences for businesses in the ASEAN region [1][2] - The collaboration will leverage CIMB's banking infrastructure and PingPong's global payment service network to provide efficient and secure payment solutions [1] Group 1: Partnership Details - The partnership will enable CIMB to offer its enterprise users local accounts in over 20 currencies, eliminating high cross-border transaction fees and facilitating seamless payment management [1] - PingPong's enterprise users will gain access to customized supply chain financing solutions, card payment solutions, and acquiring services provided by CIMB [1] Group 2: Market Expansion - The service will initially launch in Malaysia and will gradually expand to Indonesia, Singapore, Thailand, and Cambodia [2] - This initiative aims to provide near real-time cross-border payment solutions and comprehensive financial services to businesses across ASEAN, enhancing operational efficiency and accelerating business growth [2]