Paymentwall, a global payment platform, today announced a new partnership with Toss, the largest mobile financial platform in Korea operated by Viva Republica, to provide companies around the globe with access to South Korean users through this major local payment method.
Under the new partnership, Paymentwall will integrate Toss into its global payment platform, allowing merchants worldwide to easily process in South Korea with Toss’ payments channel and reach a massive customer base in the market. As the largest P2P payment platform in South Korea, Toss has over 11 million registered users, which accounts for 20 percent of the country’s total population. It delivers a full range of consumer financial services, including online payments for both physical and digital goods.
Benoit Boisset, COO of Paymentwall, commented: “ Our primary goal in South Korean was simple – to create a seamless payment experience and help merchants grow globally with our diversified payment options. And that’s the reason we partner with Toss. We hope to bring a one-stop payment solution to global merchants entering into the Korean market, and allow them to conveniently monetize products and services from local Korean end users through Toss. We look forward to working together with Toss to create more values for our customers.”
”We are pleased to have a new partnership with Paymentwall. a global payment platform. By having the partnership, we are expecting to provide Toss users with the seamless payment option at the merchants of Paymentwall.” Jaemin Jung, Partnership Manager of Toss Payment Team, said: “Moreover, integrating Toss payment into Paymentwall will hopefully play a valuable role in expanding overseas as a foundation.”
Paymentwall has been present in South Korea since the establishment of the Seoul office in 2015. In the past few years, Paymentwall has cooperated with major Korean companies such as LG Electronics, Kakao Games, Samsung, Vertigo, and Webzen. Paymentwall’s partners who are active in the Korean market have benefitted from the company’s global set of payment methods, 24/7 localized customer support, Medusa in-house fraud management system, and more services globally.
About Paymentwall
Paymentwall is a global payments platform. The platform allows millions of people around the world to make payments using not only credit cards but also 150 local payment options, including bank transfers, e-wallets, and prepaid cards. Paymentwall helps over 200,000 merchants, including LG Electronics, Shopify, Kakao Games, Kigo, Wargaming, Tencent, and Samsung to expand globally and monetize new markets.
Through the offices in San Francisco, Las Vegas, Phoenix, London, Berlin, Lisbon, Sofia, Kiev, Moscow, Novosibirsk, Manila, Hanoi, Beijing, Shenzhen, Seoul, Gurgaon, and Bangalore, Paymentwall provides its merchants and their end-users support in over 30 languages. Paymentwall’s call centers, risk and fraud prevention divisions, and merchant support teams work 24/7, 365 days a year to assist you. To find out more about Paymentwall, please visit www.paymentwall.com.
About Viva Republica (Toss)
Founded in 2013, Viva Republica launched Korea’s first P2P money transfer service ‘Toss’ in 2015. The platform has become one of the world’s fastest-growing financial apps, with a transaction run-rate of $26 billion. Complementing its P2P money transfer and payments system, Toss now delivers a full suite of financial services including banking services, financial dashboard, credit score management, and investment products. The company was ranked 28th in KPMG’s 2018 Fintech 100. Based in Seoul, Viva Republica is backed by many high-profile global investors including Kleiner Perkins, Ribbit Capital, GIC, Sequoia China, PayPal, Bessemer Venture Partners, Goodwater Capital, AltosVentures, Qualcomm Ventures, and others.
For more information, please contact:
KB Kim
Marketing Manager
Paymentwall
kb@paymentwall.com
Harry Yeo
Communication Team Manager
Toss
harry.yeo@toss.im