PingPong plans to invest more than 100 million euros in Luxembourg, focusing on digital payment banks

On June 10th, PingPong announced at the promotion of the “Belt and Road” construction conference in Zhejiang Province that it will further deepen cooperation with Luxembourg. The two sides continued to deepen cooperation in expanding China's cross-border e-commerce exports to the EU, expanding cooperation platforms within the EU, PingPong overseas electronic payment and digital payment banking projects. In the future, PingPong plans to invest more than 100 million euros in Luxembourg and actively seek EU digital currency institution licenses to build digital payment banks.