Payoneer, US Digital Payment Service, has Partnered with South Korea Coupang

​​​​​​​EC Weekly Picks 韓国旗

On October 25, "Payoneer," a US digital payment service provider, announced that it would partner with a major online shopping company South Korea "Coupang." "Coupang" currently has more than 17 million customers and plans to expand its cross-border business by leveraging Payoneer's technology for its payment capabilities. Payoneer currently has services in multiple countries, including Japan, the United States and China. They explained that new market development is needed to maintain its position as an innovator in the digital commerce field. It is expected that the business will expand rapidly in the Korean market through the alliance with Coupang, which is called "South Korea Amazon."

Sources: PYMNTS "Payoneer, Coupang Team on South Korea eCommerce" (October 26, 2021)

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