Payment providers in South Korea
Payment providers in South Korea: PSPs, payment gateways and aggregators for pay-ins and payouts — local methods, rates and onboarding terms. Listings: 57.
KOVAN
KOVAN is a payment processing company that operates in South Korea and Thailand. For a business present in both countries, this means processing payments…
KSNET
KSNET is a payment processing company in the South Korean market. It processes merchants' payment transactions and connects them with the country's banks and…
LOOPEX
LOOPEX is a P2P processing service launched in 2026 that focuses on cross-border payments. Its main routes are Argentina and South Korea, and the target…
MuchBetter
MuchBetter is an e-wallet that has been running since 2016. Users top up a balance and spend it at merchant checkouts that support this payment option, which…
Naver Pay / Npay
Naver Pay / Npay is a South Korean e-wallet used both online and in physical stores. The service is run by a dedicated financial company. Where the wallet…
NHN KCP
NHN KCP is a payment gateway operating in South Korea. It is relevant for companies selling to a Korean audience that want to accept payments through a local…
NICEPAY Korea
NICEPAY Korea is a Korean payment gateway and payment services provider for businesses. Companies choose it when they need to accept payments from customers…
Paswix
Paswix is a Lithuanian electronic money institution operating through Payswix, UAB, based in Vilnius. The company says it has served businesses and individuals…
PayGate Korea
PayGate Korea is a payment gateway providing payment services in the South Korean market. The service is built for companies that need to accept payments from…
Payletter
Payletter is a payment services provider operating in the South Korean market. It helps businesses collect payments from Korean customers through local payment…
PayU
PayU runs a global payment orchestration and multi-acquiring platform that came from Zooz, a company founded in 2010 in Tel Aviv with a presence in Amsterdam…
Payz / PSI-Pay
Payz / PSI-Pay is an e-wallet and payment account for businesses. Operating since 2000, it provides a multi-currency business wallet and a merchant account…
Simple.app
Simple.app is a payment provider founded in 2021. It combines crypto processing, mass payouts and P2P transfers, serving companies in crypto, e-commerce and…
Skrill
Skrill is a payment system that has been running since 2001. It combines an e-wallet, bank transfers, a mobile app and an API for businesses. Payment methods…
Smartro
Smartro is a payment gateway and payment service provider in South Korea. The company connects businesses to cashless payments from local customers. Why a…
Sticpay
Sticpay is a payment system founded in 2017. It combines an e-wallet, acquiring for businesses and a mobile app, and supports both fiat and crypto assets…
Toss Payments
Toss Payments is a payment gateway operating in South Korea. The listing is aimed at companies selling to Korean shoppers and looking for a local online…
Wise
Wise is an international payments service whose business offering combines a multi-currency payment account, FX, international transfers and batch payouts. The…
Services in South Korea
Payment providers by country
Subsections
Payment processing in South Korea
South Korea is a card-heavy, mobile-first market with its own rules. Local customers pay with domestic cards issued by Korean card companies, with bank transfers to virtual accounts (a unique account number per order), and with super-app wallets such as KakaoPay, Naver Pay, Toss Pay and Samsung Pay. International Visa/Mastercard checkout works for cross-border sellers, but approval rates on Korean-issued cards are noticeably lower than with a local PG. This page lists {count} payment providers that declare KRW coverage.
What to look for in a Korean PSP
- Local acquiring vs. cross-border: a registered Korean PG (under the Electronic Financial Transactions Act, supervised by the FSC/FSS) gives domestic card routing; offshore gateways usually rely on international schemes.
- Virtual accounts and bank transfer: essential for high-ticket and repeat payments; check reconciliation speed and refund handling. See bank transfer in Korea.
- Wallet coverage: KakaoPay, Naver Pay and Toss are often decisive for conversion — confirm which ones are actually live, see local APMs in Korea and cards in Korea.
- Real-name verification: many flows require identity checks tied to a Korean phone number or bank account.
- Settlement: KRW payout to a local account or conversion to USD/USDT; Korean FX reporting rules can add steps.
High-risk, iGaming and P2P
Online casino and most betting are restricted for residents, so offshore operators, forex brokers and crypto projects searching for a betting or casino payment gateway in South Korea typically end up with P2P processing through virtual accounts and bank transfers handled by teams in Korea. Ask providers about account freezes, daily limits per account and how disputes are resolved.
Related hubs
- Payouts and mass payouts — KRW payouts to bank accounts
- Local payment methods
- Technology providers in Korea
Filter the list by method and vertical, open Offers for published pay-in and payout rates, or post a request describing your traffic, ticket size and volume.