{"id":823521,"date":"2025-03-10T08:21:35","date_gmt":"2025-03-10T12:21:35","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/best-buy-canada-selects-pingpong-as-their-first-cross-border-partner-to-drive-international-growth-on-its-marketplace\/"},"modified":"2025-03-10T08:21:35","modified_gmt":"2025-03-10T12:21:35","slug":"best-buy-canada-selects-pingpong-as-their-first-cross-border-partner-to-drive-international-growth-on-its-marketplace","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/best-buy-canada-selects-pingpong-as-their-first-cross-border-partner-to-drive-international-growth-on-its-marketplace\/","title":{"rendered":"Best Buy Canada Selects PingPong As Their First Cross-Border Partner To Drive International Growth on its Marketplace"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">NEW YORK<\/span> and <span class=\"xn-location\">VANCOUVER, BC<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">March 10, 2025<\/span><\/span> \/PRNewswire\/ &#8212; <a href=\"https:\/\/www.bestbuy.ca\/en-ca\" target=\"_blank\" rel=\"nofollow\"><u>Best Buy<\/u><span class=\"xn-location\">Canada<\/span><\/a> has selected\u00a0<u><a href=\"https:\/\/www.international.pingpongx.com\/\" target=\"_blank\" rel=\"nofollow\">PingPong<\/a><\/u>, a world-leading provider of cross-border embedded payment solutions, to become its first cross-border payment service provider of record on its Marketplace. Leveraging PingPong&#8217;s easy-to-integrate API, Best Buy Canada will begin expanding internationally and facilitate payouts to international sellers.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/2540632\/PingPong_Logo.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/2540632\/PingPong_Logo.jpg\" title=\"PingPong Logo (PRNewsfoto\/PingPong)\" alt=\"PingPong Logo (PRNewsfoto\/PingPong)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>By leveraging PingPong&#8217;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.<\/p>\n<p>\n        <b><br \/>\n          <span class=\"xn-person\">Sherry Zah<\/span>, Vice President of Best Buy Canada&#8217;s Marketplace business\u00a0<\/b>said, &#8220;<i>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&#8217;s global network and ecosystem will unlock new revenue streams for us as we look to expand our marketplace to new international sellers<\/i>.&#8221;<\/p>\n<p>Best Buy Canada joins leading marketplaces like Wish and Wayfair in leveraging PingPong&#8217;s sophisticated international payments capabilities. The partnership will increase Gross Merchandise Volume (GMV), reduce operational overheads, and enhance both the seller and buyer experience.<\/p>\n<p>\n        <i>&#8220;Our work with BestBuy Canada is a testament to our capability to help businesses scale globally. With hundreds of thousands of customers using PingPong&#8217;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&#8221;<\/i>, said <b><span class=\"xn-person\">Alex Chen<\/span>, Vice President, APAC, Head of Global Partnerships.<\/b><\/p>\n<p>\n        <b>About PingPong\u00a0<br \/><\/b><br \/>\n        <u><br \/>\n          <a href=\"https:\/\/www.international.pingpongx.com\/\" target=\"_blank\" rel=\"nofollow\">PingPong<\/a><br \/>\n        <\/u> was founded in <span class=\"xn-location\">New York<\/span> in 2015, with the goal of solving the immense challenge of scaling enterprise businesses globally. Fast forward to today, and PingPong has become one of the world&#8217;s leading global cross-border payments platforms, processing more than <span class=\"xn-money\">$250 billion USD<\/span>. Our API-first cross-border payments\u00a0platform integrates with enterprises to send, manage, and receive money faster\u00a0on a global scale.<\/p>\n<p>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.<\/p>\n<p>\n        <b>About Best Buy Canada <br \/><\/b>A wholly owned subsidiary of Best Buy Co., Inc. (NYSE:BBY), Best Buy Canada Ltd. is one of <span class=\"xn-location\">Canada&#8217;s<\/span> largest and most innovative omnichannel retailers, operating the Best Buy, Best Buy Mobile, Best Buy Express and Geek Squad (<u><a href=\"http:\/\/www.geeksquad.ca\/\" target=\"_blank\" rel=\"nofollow\">www.geeksquad.ca<\/a><\/u>) brands. With over 320 Best Buy, Best Buy Mobile and Best Buy Express stores across <span class=\"xn-location\">Canada<\/span> and an expanded assortment of lifestyle products offered through BestBuy.ca, Best Buy is a leader in total retail, catering to customers how, when, and where they want to shop. Best Buy Canada is committed to making a positive impact in the community with programs and partnerships that support youth to connect with technology to advance their education. For more information, visit <u><a href=\"http:\/\/www.bestbuy.ca\/\" target=\"_blank\" rel=\"nofollow\">BestBuy.ca<\/a><\/u>.<\/p>\n<p>Logo &#8211; <a href=\"https:\/\/mma.prnewswire.com\/media\/2540632\/5205359\/PingPong_Logo.jpg\" target=\"_blank\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/2540632\/5205359\/PingPong_Logo.jpg<\/a><\/p>\n<p>\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=LN36214&amp;sd=2025-03-10\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/best-buy-canada-selects-pingpong-as-their-first-cross-border-partner-to-drive-international-growth-on-its-marketplace-302396408.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/best-buy-canada-selects-pingpong-as-their-first-cross-border-partner-to-drive-international-growth-on-its-marketplace-302396408.html<\/a><\/p>\n<p>SOURCE  PingPong<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=LN36214&amp;Transmission_Id=202503100800PR_NEWS_USPR_____LN36214&amp;DateId=20250310\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire NEW YORK and VANCOUVER, BC, March 10, 2025 \/PRNewswire\/ &#8212; Best BuyCanada has selected\u00a0PingPong, a world-leading provider of cross-border embedded payment solutions, to become its first cross-border payment service provider of record on its Marketplace. Leveraging PingPong&#8217;s easy-to-integrate API, Best Buy Canada will begin expanding internationally and facilitate payouts to international sellers. By leveraging PingPong&#8217;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&#8217;s Marketplace business\u00a0said, &#8220;Our new partnership with PingPong is a key part of our &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/best-buy-canada-selects-pingpong-as-their-first-cross-border-partner-to-drive-international-growth-on-its-marketplace\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Best Buy Canada Selects PingPong As Their First Cross-Border Partner To Drive International Growth on its Marketplace&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-823521","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Best Buy Canada Selects PingPong As Their First Cross-Border Partner To Drive International Growth on its Marketplace - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/best-buy-canada-selects-pingpong-as-their-first-cross-border-partner-to-drive-international-growth-on-its-marketplace\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Best Buy Canada Selects PingPong As Their First Cross-Border Partner To Drive International Growth on its Marketplace - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK and VANCOUVER, BC, March 10, 2025 \/PRNewswire\/ &#8212; Best BuyCanada has selected\u00a0PingPong, a world-leading provider of cross-border embedded payment solutions, to become its first cross-border payment service provider of record on its Marketplace. Leveraging PingPong&#8217;s easy-to-integrate API, Best Buy Canada will begin expanding internationally and facilitate payouts to international sellers. By leveraging PingPong&#8217;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&#8217;s Marketplace business\u00a0said, &#8220;Our new partnership with PingPong is a key part of our &hellip; Continue reading &quot;Best Buy Canada Selects PingPong As Their First Cross-Border Partner To Drive International Growth on its Marketplace&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/best-buy-canada-selects-pingpong-as-their-first-cross-border-partner-to-drive-international-growth-on-its-marketplace\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-10T12:21:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/2540632\/PingPong_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/best-buy-canada-selects-pingpong-as-their-first-cross-border-partner-to-drive-international-growth-on-its-marketplace\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/best-buy-canada-selects-pingpong-as-their-first-cross-border-partner-to-drive-international-growth-on-its-marketplace\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Best Buy Canada Selects PingPong As Their First Cross-Border Partner To Drive International Growth on its Marketplace\",\"datePublished\":\"2025-03-10T12:21:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/best-buy-canada-selects-pingpong-as-their-first-cross-border-partner-to-drive-international-growth-on-its-marketplace\\\/\"},\"wordCount\":513,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/best-buy-canada-selects-pingpong-as-their-first-cross-border-partner-to-drive-international-growth-on-its-marketplace\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/2540632\\\/PingPong_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/best-buy-canada-selects-pingpong-as-their-first-cross-border-partner-to-drive-international-growth-on-its-marketplace\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/best-buy-canada-selects-pingpong-as-their-first-cross-border-partner-to-drive-international-growth-on-its-marketplace\\\/\",\"name\":\"Best Buy Canada Selects PingPong As Their First Cross-Border Partner To Drive International Growth on its Marketplace - 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Leveraging PingPong&#8217;s easy-to-integrate API, Best Buy Canada will begin expanding internationally and facilitate payouts to international sellers. By leveraging PingPong&#8217;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&#8217;s Marketplace business\u00a0said, &#8220;Our new partnership with PingPong is a key part of our &hellip; Continue reading \"Best Buy Canada Selects PingPong As Their First Cross-Border Partner To Drive International Growth on its Marketplace\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/best-buy-canada-selects-pingpong-as-their-first-cross-border-partner-to-drive-international-growth-on-its-marketplace\/","og_site_name":"Market Newsdesk","article_published_time":"2025-03-10T12:21:35+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/2540632\/PingPong_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/best-buy-canada-selects-pingpong-as-their-first-cross-border-partner-to-drive-international-growth-on-its-marketplace\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/best-buy-canada-selects-pingpong-as-their-first-cross-border-partner-to-drive-international-growth-on-its-marketplace\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Best Buy Canada Selects PingPong As Their First Cross-Border Partner To Drive International Growth on its Marketplace","datePublished":"2025-03-10T12:21:35+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/best-buy-canada-selects-pingpong-as-their-first-cross-border-partner-to-drive-international-growth-on-its-marketplace\/"},"wordCount":513,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/best-buy-canada-selects-pingpong-as-their-first-cross-border-partner-to-drive-international-growth-on-its-marketplace\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/2540632\/PingPong_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/best-buy-canada-selects-pingpong-as-their-first-cross-border-partner-to-drive-international-growth-on-its-marketplace\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/best-buy-canada-selects-pingpong-as-their-first-cross-border-partner-to-drive-international-growth-on-its-marketplace\/","name":"Best Buy Canada Selects PingPong As Their First Cross-Border Partner To Drive International Growth on its Marketplace - 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