Accept South Korean
Payment Methods
Tap into the South Korean market with our innovative Korean payment services. KOMOJU provides your business with the most popular and influential payment methods in Korea.
Consumers in South Korea enjoy shopping online, and digital payments have a deep market penetration.
Expand your customer base by offering Korea-specific payment methods, such as gift certificate payment, career billing and smartphone payment.
Local and International
Credit Cards
In South Korea, there are two types of credit cards: local and international.
By offering credit card payments through KOMOJU, you can accept all local credit cards and significantly increase your authorization rate for South Korean consumers.
Local Credit Cards
Local credit cards can be used for domestic payments in South Korea only.
KOMOJU supports all major local cards, including Samsung, Lotte, Hyundai, Hana, BC, NH, Shinhan, and KB.
4.5%
International Credit Cards
International cards can be used both in South Korea and overseas.
KOMOJU supports VISA, MASTER, JCB, DINERS and AMEX.
4.5%
Digital
Wallets
Digital wallets have significantly grown in popularity among Korean consumers in recent years. With KOMOJU, you can accept Toss and Payco, the most popular digital wallets in Korea on your online store.
Customers can easily pay with their smartphone and get rewards as they shop!
Toss
Toss, originally created as a secure money transfer app, is a digital wallet that allows customers to connect their accounts and cards to easily make online payments. The number of users has been increasing year by year due to the app’s highly secure technology and variety of financial services it offers.
4.5%
PAYCO
PAYCO connects a wide variety of payment methods, including bank accounts, credit cards, and gift cards. You can easily make payments on your smartphone or PC using only a ‘Payment PIN’ that you initially set.
4.5%
Prepaid
Vouchers
South Korea is known as the “Gift Certificate Capital of the World” due to the number of different types of gift certificates issued and used there every year.
Customers can purchase a paper or digital certificate, charge them to their account and make payments online with just their ID and a password.
The ease of use makes it one of the most popular payment methods among young people.
Culture Voucher
One of the most well known gift certificates in South Korea.
Customers make online payments by purchasing digital or paper certificates or charging money to their Culture Voucher account.
10%
Happy Money
One of the long-established leaders in the gift certificate payment industry in South Korea.
To prevent fraud, Happy Money website uses one-time passwords for safer payments.
10%
Carrier
Billing
South Korea has the highest smartphone penetration rate in the world, with almost 100% of the population using a smartphone. In recent years, due to the growth of e-Commerce, phone carrier companies have raised their payment limits, and the number of users is expected to increase further due to its convenience.
With KOMOJU you can accept payments made through all major South Korean carriers.
Carrier Billing
KOMOJU supports three major South Korean carriers – SKT, KT, LGU+, as well as low-cost carriers – Hello Mobile, SK 7mobile, KCT.
10%
Start with
KOMOJU
Become a KOMOJU merchant, and accept payments on your site in just a few steps.
