Virtual accounts and local acquiring needed in South Korea and Asia
Condiciones
Métodos de pago
Geografía
Detalles
Requisitos
- EFT, PG or PSP licence
- Virtual accounts for trade settlement in South Korea
- Local acquiring and collection in Japan, Vietnam, Indonesia, Kazakhstan, Uzbekistan
The request is aimed only at licensed providers: EFT operators, payment gateways (PGs) and PSPs. The main market is South Korea, but the post, published in July 2026, also lists other Asian countries.
What is needed in South Korea - virtual accounts for trade settlement: dedicated account details that payers transfer to, so the recipient automatically sees who each payment came from; - local acquiring to accept cards from Korean buyers.
Virtual accounts are a standard way to pay by bank transfer in Korea, and providers of virtual account solutions in South Korea usually issue them through partner banks, matching each incoming payment to an order or customer.
Other markets Japan, Vietnam, Indonesia, Kazakhstan and Uzbekistan. Here the need is local payment collection; the specific methods for each country should be discussed separately.
Requirements - an EFT, PG or PSP licence in the country of operation; - support for trade settlement via virtual accounts; - local collection.
What to clarify The author's company is not named and volumes are not disclosed. Before making an offer, find out whether the search is still open, which entity and trade flows are behind the request, whether accounts are for residents or non-residents, and the expected volume in Korean won. The residency question largely decides which provider can take the client on.
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