Core Insights - The consensus in the industry is that transitioning to cross-border business is no longer a choice but a necessity for survival [1] - In 2024, China's total import and export volume is projected to reach 43 trillion yuan, with cross-border e-commerce exports growing by 10.8% to 2.63 trillion yuan [1] - The domestic payment market is highly competitive, leading to reduced transaction fees and profit margins for third-party payment institutions [1] Group 1: Company Overview - PingPong is positioned as a "payment backbone" for enterprises' globalization, leveraging cross-border payment services to facilitate global trade [1] - The company has seen an average increase of 5 times in Total Payment Volume (TPV) for new cross-border e-commerce users after one year of using its services [1] - PingPong's intelligent payment network supports localized collection in multiple countries and regions, enhancing efficiency in reaching international markets [1] Group 2: Security and Compliance - PingPong has intercepted fraud losses amounting to $1 billion, safeguarding nearly 20 trillion yuan in cross-border transaction funds [2] - The company has established direct partnerships with major card networks like Visa and MasterCard, ensuring stable transaction success rates of 90% [2] - PingPong emphasizes security and compliance, holding over 60 payment licenses globally, including in major economies, and adheres to the highest international standards for anti-money laundering and counter-terrorism financing [3] Group 3: Industry Trends - The recent "14th Five-Year Plan" suggests advancing the internationalization of the renminbi and improving the cross-border payment system [2] - The implementation of the "Non-Bank Payment Institution Supervision and Management Regulations" by the end of 2023 indicates a shift in the payment market towards a compliance-driven model [2] - The industry is moving from a "traffic-driven" approach to one that is "license-driven" and "compliance-driven" [2]

Group 1 - Cross-border e-commerce sellers are upgrading from a supplier role to independent brand operators, focusing on building their own brands through independent sites [1] - Independent sites are increasingly favored by cross-border e-commerce sellers as a key platform for brand expansion [3] - Payment experience is crucial for converting traffic into orders on independent sites, with PingPong achieving a payment success rate of 90% through direct connections with major card networks [3] Group 2 - PingPong offers aggregated payment capabilities compatible with local wallets and BNPL options across various regions, helping merchants retain consumers and reduce payment costs [3] - The company provides a range of dynamic and flexible product solutions, including customized payment gateways and transaction risk management, to minimize consumer drop-off and accelerate purchasing decisions [3] - Future plans for PingPong include deepening understanding of global payment needs for independent merchants and innovating solutions to support their international expansion strategies [4]