Asia · Eastern Asia

Payments in South Korea

10 payment providers operate in South Korea, alongside 8 local and regional payment methods. The most widely supported method here is Mastercard.

10 providers8 payment methods24 currenciesKR

Payment providers in South Korea

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Name	Type	Categories	Methods	Countries
PayPal PayPal is a global digital payments platform supporting 200+ markets and 25+ currencies, offering card payments, digital wallets, BNPL, A2A transactions, and merchant checkout integrations.	PSP + Method	ACH BNPL+7	9	187
MuchBetter MuchBetter is a global payment solution that offers fast, secure, and cost-effective payment methods for both consumers and businesses.	PSP + Method	Bank Transfer Card Issuance+8	34	121
Nuvei Montreal-based processor offering card acquiring in 52 markets, 720+ local payment methods, payouts and crypto ramps; owned by Advent International and in the process of buying Payoneer.	PSP	ACH BNPL+16	164	73
Boku Boku is a global mobile payment platform that allows users to make payments for digital goods and services via their mobile phone bill.	PSP + Method	Mobile / USSD Wallet	1	65
OKTO OKTO is a global omni-channel payment platform offering digital wallets, instant bank transfers, pay-ins/pay-outs, and cash-to-digital solutions across Europe, LATAM, and Asia.	PSP + Method	Cash Gateway+3	6	61
Adyen Amsterdam-based acquirer with its own EU banking licence, local acquiring in 14 regions and a public price list: a fixed £0.11/€0.11 fee plus interchange++ and 0.60% on cards.	PSP	Card Issuance Cards+7	104	57
Jeton Jeton is a global payment service provider offering secure, fast, and flexible payment solutions for businesses and consumers.	PSP	Card Issuance Gateway+2	8	57
Antom Antom, a payment solution offered by Ant International, provides a wide range of secure and efficient payment methods, including bank transfers, e-wallets, credit/debit cards, and direct carrier billing.	PSP	Bank Transfer Cards+5	62	20
T-Money T-Money is a mobile payment service that allows users in South Korea to make secure payments and conduct financial transactions via their smartphones.	PSP + Method	Mobile / USSD	—	1
Woori Woori Bank is a South Korean financial institution offering a variety of payment services, including credit card payments, bank transfers, and mobile banking.	PSP + Method	Bank Transfer Cards+3	—	1

Payment methods available in South Korea

Local wallets, bank transfers, cards and cash methods.

Name	Type	Categories	Methods	Countries
Lotte Lotte is a South Korean multinational conglomerate that operates in various industries, including retail and e-commerce.	Method	Cards POS	—	1
T-Money T-Money is a mobile payment service that allows users in South Korea to make secure payments and conduct financial transactions via their smartphones.	PSP + Method	Mobile / USSD	—	1
Woori Woori Bank is a South Korean financial institution offering a variety of payment services, including credit card payments, bank transfers, and mobile banking.	PSP + Method	Bank Transfer Cards+3	—	1
WeChat Pay WeChat Pay is a major Chinese digital wallet embedded within the WeChat super app, owned by Tencent.	Method	Remittance Wallet	2	46
OKTO OKTO is a global omni-channel payment platform offering digital wallets, instant bank transfers, pay-ins/pay-outs, and cash-to-digital solutions across Europe, LATAM, and Asia.	PSP + Method	Cash Gateway+3	6	61
Boku Boku is a global mobile payment platform that allows users to make payments for digital goods and services via their mobile phone bill.	PSP + Method	Mobile / USSD Wallet	1	65
MuchBetter MuchBetter is a global payment solution that offers fast, secure, and cost-effective payment methods for both consumers and businesses.	PSP + Method	Bank Transfer Card Issuance+8	34	121
PayPal PayPal is a global digital payments platform supporting 200+ markets and 25+ currencies, offering card payments, digital wallets, BNPL, A2A transactions, and merchant checkout integrations.	PSP + Method	ACH BNPL+7	9	187