Updated: 7/05/2022
According to resources – GDP in South Korea is rising with a growth rate of 3% by the year 2022.
The rise of the eCommerce industry in South Korea plays a vital role in the development of the countries economy with total revenue of more than $124 Billion.
Internet penetration rate in South Korea reached more than 98% which is considered as the main reason behind the development of eCommerce in South Korea.
So, it shows us that the way South Koreans are indulged in the E-commerce industry, it will be going to make them the most dominating country in the East Asian eCommerce market after China.
Top E-commerce players in South Korea are Gmarket, 11Street, and Auction at the present moment.
Samsung Pay and Naver pay are the most widely used mobile payment methods used in South Korea. The rest majority of people love to pay through credit or debit cards and bank transfers.
Everyone wants to pay with the payment method which they feel the safest and secure. So it’s a business’s responsibility to give the ease of payment options to their customers in order to provide them the best customer experience.
So, today we will discuss the best E-commerce payment gateways in South Korea available for freelancers, entrepreneurs, and businesses.
Remember to checkout MDR | Payout | Payment Methods before proceeding with any of the payment gateways.
Best Digital payment Methods/Gateways in South Korea
- 2checkout
- KCP
- Payco
- Inicis
- KSNET
- Smartro
- Bitpay
- Nice Pay
- Easypay
- GoCoin
- PaymentWall
- AsiaBill
- First Data
- Recurly
- Paypal
- Tosspayments
South Korea is among the best places to start your E-commerce journey because of the resources that are available in this country.
For individuals and freelancers, PayPal is the best option to move with, and rest businesses & entrepreneurs can move with the above mentioned best E-commerce payment gateways in South Korea to run their E-commerce business successfully.
Useful resources