Partnership unlocks Southeast Asia's core markets for PingPong's global enterprise customers and opens new international corridors for KBank.

• Direct API integration combines PingPong’s payment network across 200-plus countries and regions with KBank’s 80-year local banking infrastructure across Southeast Asia

• Partnership unlocks local financial services in Thailand and Southeast Asia for PingPong’s global enterprise customers

• Joint offering launches first in Thailand and China before rolling out to Indonesia, Vietnam and other high-growth markets across Asia

18 May 2026 – PingPong, a world-leading provider of cross-border embedded payment solutions, today announced a strategic partnership with Kasikorn Bank (KBank), one of Thailand’s four largest commercial banks. The agreement was signed at Money20/20 Asia in Bangkok by Shu Jianqin, CEO of PingPong Asia Pacific and Group Partner, and Dr Karin Boonlertvanich, Executive Vice President and Head of Corporate Strategy and Innovation at KBank.

The partnership combines PingPong’s global payments infrastructure, spanning more than 200 countries and regions, with KBank’s 80 years of local banking expertise across Southeast Asia. Delivered through direct API connectivity, the agreement creates a one-stop cross-border payments service for businesses operating between Asia and the rest of the world.

Two-way enablement across priority corridors

For KBank, the partnership unlocks direct access to PingPong’s global payments network and technology stack.

For PingPong, the partnership gives global enterprise clients direct access to KBank’s local financial infrastructure in Thailand and Southeast Asia. The result: lower compliance barriers, reduced capital costs and less operational friction for businesses entering the region’s core markets.

The joint offering will launch first in Thailand and China, before expanding into Indonesia, Vietnam and other priority Southeast Asian markets. Further rollout will follow across the rest of Asia

Shu Jianqin, CEO of PingPong Asia Pacific and Group Partner, said: “Partnering with KBank is a significant milestone in our glocalisation strategy. By combining PingPong’s global payments network with KBank’s deep-rooted Southeast Asian banking expertise, we are creating genuine two-way value for businesses operating across the region. This is more than a commercial agreement. It is a new model for how digital payments platforms and established financial institutions can work together to unlock scalable growth for their customers.”

Dr Karin Boonlertvanich, Executive Vice President and Head of Corporate Strategy and Innovation at KBank, said: "This partnership combines the strengths of both organizations. PingPong operates a global payment network spanning more than 200 countries and regions worldwide, while KBank brings deep expertise in Southeast Asia and has maintained continuous operations in China for over 30 years through branches in key cities including Shanghai, Beijing, Shenzhen, Chengdu, and Hong Kong. Together, we aim to connect financial infrastructure and support cross-border business growth more efficiently."