CIMB Partners with PingPong to Empower Seamless Cross-Border Payments Across ASEAN

KUALA LUMPUR, Sept 22 (Bernama) -- CIMB Group Holdings Berhad (“CIMB” or “the Group”) today announced a landmark partnership with PingPong Global Holding Limited (“PingPong”), becoming the first ASEAN bank to enter a two-way partnership with the global payments company that’s accelerating the future of digital commerce. The Memorandum of Understanding (“MoU”) marks the start of a strategic partnership in which PingPong will be the Bank’s partner in the ASEAN region for cross-border payment solutions, integrating CIMB’s banking infrastructure with PingPong’s global network to deliver faster, more secure and efficient payment services for businesses.

The collaboration will start with Malaysia serving as the launchpad for the joint initiative between both parties, followed by phased rollouts into key markets such as Indonesia, Singapore, Thailand and Cambodia. Businesses across the ASEAN region will benefit from seamless instant cross-border payment solutions, integrated financial services and expert support, empowering them to expand efficiently, optimise their operations, and capture new growth opportunities in international markets.