Payoneer launches Korea office, targets SMEs

Payoneer, a New York-based payments processing company, officially launched a new South Korea office last Tuesday, targeting small- and mid-sized businesses here that sell their products globally via online marketplaces like Amazon and Alibaba.

"Launching Payoneer's office in Korea shouldn't come as a surprise. Korea is a fast-growing economy and the seventh biggest e-commerce market in the world," said Payoneer's general manager for direct business Eyal Moldovan.