PingPong Malaysia review [2027]: Features, fees and more

Is PingPong Malaysia right for your business? Take a look at this review to learn more

Key takeaways

• PingPong provides international payment collection and global payout services for businesses, with its Malaysia offering currently centred on Global Payouts
• Global Payouts support payments to 200+ countries and regions in 25+ currencies, alongside batch payments and approval workflows
• The World Account is a multi-currency account by WorldFirst, an international payments provider, that supports local receiving accounts in USD and MYR

PingPong Payments launched its cross-border B2B payments platform in Malaysia in 2025.¹  The launch came after PingPong obtained a Money Services Business (MSB) Class B licence from Malaysia’s central bank, Bank Negara Malaysia (BNM).¹

In Malaysia, PingPong users can send/receive payments through local payment rails across several global markets and currencies, from one dashboard.^2,3,4  But, some of its offerings like Global Accounts are not yet live.³ Plus, PingPong also does not publicly disclose its pricing.

This PingPong Malaysia review covers its features, fees, use cases and account-opening process, followed by a separate look at the World Account for businesses that need multi-currency accounts for international payments.

What is PingPong?

PingPong is a cross-border payments platform for businesses handling international collections and payouts.^1,2,4  In Malaysia, its current offering includes Global Payouts across 200+ countries and regions in 25+ currencies, with batch payments and approval workflows.⁴  Global Accounts supporting 20+ currencies and multi-currency cards for international payments are currently marked as coming soon.^2,3

Quick look: Pros and cons of PingPong

Key features of PingPong

Global Payouts

With Global Payouts, businesses can send money to 200+ countries and regions and make payments in 25+ currencies like USD, EUR, GBP and more, using local payment methods.^4,7  The platform also supports scheduled payments, payment-on-behalf-of capabilities and configurable fee sharing.⁴  Businesses can also set up approval workflows with multiple approvers and payment controls.⁴ Payment funding can be done by credit cards, e-wallets or ACH, with settlement to bank accounts.⁴

Global Accounts and local virtual accounts

PingPong’s Global Accounts let businesses open local virtual accounts in 20+ markets, collect payments in 20+ currencies and receive funds directly from marketplaces.^2,3 This feature is currently not live in Malaysia.^2,3

Marketplace payment collection

PingPong’s marketplace integration connects sellers with platforms such as Amazon, Walmart and TikTok through its API.⁸  This enables marketplaces to distribute seller funds directly to their PingPong accounts.⁸

Multi-currency cards

PingPong cards support worldwide spending in local currencies.⁹ Businesses can also track employee spending in real time, receive instant alerts, detect unusual transactions and analyse expense patterns for greater spending control.⁹  For Malaysia, cards are not yet live and are coming soon.⁹

PingPong fees in Malaysia

*Fees checked in October 2026

Who is PingPong for?

• Malaysian e-commerce sellers: PingPong’s marketplace infrastructure supports international seller payouts, while its global marketplace offering lists integrations with platforms including Amazon, Walmart and TikTok⁹
• Businesses making bulk international payments: Global Payouts support batch processing through API or file upload⁴
• Finance teams with approval controls: PingPong provides approval workflows with multiple approvers and payment tracking⁴
• Businesses paying overseas suppliers: Global Payouts supports payments to 200+ countries and regions in 25+ currencies⁴
• Businesses needing foreign currency balances: PingPong’s Global Accounts product includes multi-currency account functionality, but Global Accounts are not yet live.^3,5  A separate multi-currency account can therefore fit alongside PingPong where holding and converting foreign currency is supported

How to open a PingPong account in Malaysia

1. Register: Create a PingPong account with your email address, password and phone number, then enter your business details.
2. Add details: Select the relevant account type, provide the requested business information and add a bank account for withdrawals.
3. Verify: Submit accurate information and complete the required security and verification steps based on your business and account details.

The World Account: A multi-currency account for Malaysian businesses

The World Account by WorldFirst is a multi-currency account via which users can receive, hold, send and convert multiple currencies in Malaysia. The World Account supports local currency receiving accounts for USD and MYR, allowing businesses to receive international payments into those balances.

Malaysian businesses can hold USD and MYR balances and send payments in USD, MYR and CNH to overseas suppliers, contractors and business partners. The account also supports currency conversion between USD, MYR and CNH.

Additional features of the World Account

• Local receiving accounts provide you with local bank details for USD and MYR, so customers or marketplaces can pay you through local payment routes
• Malaysian businesses can receive payments from 130+ marketplaces and payment gateways, including Amazon, Shopify, Stripe and Etsy
• For businesses sourcing from China, World Pay is the authorised international payment provider for 1688.com. 1688 purchases can be paid directly using the World Account
• Firm Orders are available for USD, MYR and CNH, allowing businesses to lock in an exchange rate for a future transaction

FAQs

1. Is PingPong available in Malaysia?

Yes. PingPong operates through a Malaysia-specific business platform and holds a Class B Money Services Business licence for remittance services.¹ Global Payouts is available, while Global Accounts, FX and cards are marked as coming soon for Malaysia.^2,3,4,10

2. What currencies does PingPong support?

PingPong supports payments in 25+ currencies like USD, EUR, GBP, AUD and more.⁴

3. How much does PingPong cost?

PingPong does not publicly specify a complete Malaysia fee schedule for its business services. Applicable fees are disclosed when a transaction is made.

Sources

1. https://www.prnewswire.com/news-releases/pingpong-expands-leading-b2b-cross-border-payments-platform-into-malaysia-further-unlocking-southeast-asia-for-enterprise-clients-302470161.html
2. https://www.pingpongx.com/my/business/account-home?lang=en-my
3. https://www.pingpongx.com/my/business/account-global-accounts?lang=en-my
4. https://www.pingpongx.com/my/business/account-global-payouts?lang=en-my
5. https://www.pingpongx.com/my/platform/api-global-accounts?lang=en-my
6. https://www.pingpongx.com/my/business/account-fx?lang=en-my
7. https://docs.pingpongx.com/doc/issuing/supported-regions-and-currencies
8. https://www.pingpongx.com/my/solutions/marketplace?lang=en-my
9. https://www.pingpongx.com/my/business/account-get-a-card?lang=en-my
10. https://www.pingpongx.com/global/home

This article is intended for informational purposes only and does not constitute legal advice or professional advice. This article should not be regarded as constituting an offer or a solicitation to buy or sell any regulated or financial products or services. WorldFirst makes no representations or warranties regarding the accuracy, completeness, or applicability of the content, and readers are encouraged to consult with legal professionals or other professionals for advice tailored to their specific situation. WorldFirst does not guarantee the accuracy and completeness of this article and expressly disclaims any and all liability to any person in respect of the consequences of anything done or omitted to be done wholly or partly in reliance on this article.