Worldline Expands Its Services in South Korea

Worldline, one of the leading players in global payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term and transactional services, announced today that the company is expanding its e-commerce payment solution to meet the needs of the businesses in South Korea in an effort to help them expand their online operations in the country.

Additionally, businesses looking to enter the South Korean market can take advantage of the services from Worldline. South Korea is one of the world’s largest economies. The country has introduced several measures in the last few years to increase the adoption of digital financial tools in the region. South Korea saw $9.5 billion worth of cross-border e-commerce transactions in 2020.

According to Worldline, the company’s recent entrance into the South Korean region is an integral part of its strategic global approach to facilitate businesses in high-growth markets around the world. The payment solution follows propositions already launched for Brazil, China, India and Russia.

“South Korea is one of the largest and most digitally advanced markets in Asia, making it an exciting opportunity for almost every large online business. The solution we built cuts through the complexity and optimizes payment performance across the board,” Roger Niederer, Chief Market Officer Merchant Services at Worldline, commented on the announcement.

Also, Worldline reported strong financial results in Q3 of 2021. The company's revenues reached €960 million during the third quarter. Moreover, the payments giant increased its acquisitions in 2021. Worldline recently completed the acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of Handelsbanken’s card acquiring activities in the Nordic region.

South Korea

Furthermore, Worldline highlighted the growing payments market and transactional opportunities in the South Korean region. With an internet penetration rate of 97%, South Korea is one of the most digitally advanced nations in Asia.

“Following in-depth analysis of the market’s potential, Worldline has gained extensive expertise of South Korea’s financial ecosystem, which will ultimately help merchants abide by local rules and regulations,” the company added.