PingPong Payments launches UAE currency exchange service for US and global merchants

Global payments and e-commerce services provider PingPong Payments aims to create more access to Middle Eastern markets through its new payments processing and currency exchange service for the UAE currency, the Arab Emirates dollar (AED).

This will enable US and international products and services sellers t more easily tap into the region’s opportunities.

“As global markets, and particularly the U.S. market, for products and services tightens due to the COVID-19 pandemic around the world, US and global sellers of goods and services across all segments and over Amazon and other platforms will be looking to overseas consumer and business markets to expand revenues to compensate for domestic sales shortfalls,” said Kenny Tsang, managing director at PingPong Payments.

“Our opening up the UAE market to fast, easy and low rate AED currency conversions gives merchants and e-commerce sellers access to a significant new revenue channel to sell their goods and services across one of the world’s fastest growing regions  – countries across the Middle East and North Africa. We are proud to be the first global payments provider to offer AED exchange services, opening up a thriving new market for our customers to both send and receive money, and increase sales.”

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