#Asia Paymentwall expands e-commerce options for Korean users

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The San Francisco-headquartered company will now support all major Korean payment options including local credit cards processing KRW

Paymentwall Inc, a payment and content distribution company headquartered in San Francisco in the US has recently announced further expansion into South Korea and support of major Korean payment options.

These options include payment methods like local credit card processing in KRW, online bank transfers via local finance institutions like Kookmin, Joenbuk, Busan Bank and others, as well as prepaid and cash payment options like Culture voucher, Book Gift voucher, Teencash, Happymoney, T-Money and more.

This will enable Korean netizens to spend money on various online items, games and other things sold by Paymentwall clients.

Daniel Lee, Product Manager, Paymentwall, said in a statement that this expansion will help international businesses working with the company “monetise Korean users”.

Also Read: 320K wearable device users in South Korea as of Oct 2015: Report

The firm has partnered with more than 135 payment option providers globally and can reach users in more than 180 countries.

Paymentwall had previously opened its two services, Mobiamo and MINT, to Korean audiences. Mobiamo is a mobile payment solution that allows Internet-based businesses to receive SMS payments from mobile phones worldwide. MINT is a prepaid service that lets consumers without credit cards pay online.

It is also the owner of other Software-as-a-Service products like SpiderPipe, a global gateway that allows businesses track all their merchants accounts on various networks like PayPal and Amazon.

According to Andrey Kolodyuk from AVentures Capital, Paymentwall, which was started in 2010, makes US$2 billion in revenue, with its services being available in 200 markets.

Also Read: Kakao and KT get licences to open Internet banks in Korea

The post Paymentwall expands e-commerce options for Korean users appeared first on e27.

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