South Korea is the 3rd largest e-commerce market in Asia. A high-tech, cultural behemoth, the country features an affluent population, superior infrastructure, and one of the most advanced mobile markets in the world. With its strong and diverse purchasing power of over 51 million consumers, South Korea represents a plethora of opportunities for global companies looking to gain a foothold in Asia. Worldline can enable you to access this technologically advanced market with ease and do business like a local.
Worldline’s deep understanding of the South Korean financial ecosystem and local partnerships can help global online businesses process payments locally, as well as access the local market without having to set up a local entity. Our full-service cross-border payment solution provides:
Optimise UX and conversion by offering all local and co-branded cards and a localised checkout experience
Best-in-class payment performance
Drive up approval rates, and eliminate card scheme fees and cardholder surcharges with local acquiring
Exchange KRW to USD on the same day at a guaranteed rate, and settle funds cross-border in 27 major currencies
Streamlined local entity requirements
Start processing payments locally without a local entity--- through a single API integration
Maximum Payment Conversion Guaranteed
Fewer abandoned transactions for local processing vs. cross-border
Card scheme fees and cardholder surcharges
Our new solution is available for retail, marketplaces, digital, gaming & media,
and travel businesses.