pingNpay is building a global payments network, country by country for a new category of frequent, low value payments especially those below £20/$20/€20 down even to pennies, to allow retailers and ecommerce providers to unlock new services that are otherwise uneconomic using traditional payment systems such as card networks.
pingNpay is open to all and unlike most other payment systems is permissionless to access, permissionless to innovate on and available to everyone, everywhere.
pingNpay brings the power of blockchain using regulatory-compliant stablecoins to ecommerce enabling very low cost transactions leading to viable low value payments for retailers to exploit through offering frequent, low cost services to their customers.
pingNpay is working fast to have the core technology up and running in Q4 2021 with a plan to launch in the UK in 2022. Other countries will follow in quick succession.
pingNpay is the brainchild of payment industry veterans Richard Bell and Jeremy Light of Fourdotzero. Both cut their teeth scaling blockchain payments at Ripple, the Silicon Valley company building a global cross-border payments network using blockchain technology and a digital asset. Bell specialises in bringing new product innovations to market including at Visa, Santander and Vodafone and Light formerly led Accenture’s payment consulting business in Europe for many years advising some of the biggest banks and processors in the sector.