A KG Inicis representative said, "Partnering with PayEase is an important milestone for KG Inicis. KG Inicis will help PayEase increase market share in South Korea, meanwhile, PayEase will be able to help KG Inicis to obtain more market share within China. Eventually a broad, cross-border settlement network of e-commerce payment services will result from this key partnership."
The partnership allows PayEase to assist international sellers enter the South Korean market while KG Inicis will provide a convenient payment service to consumers within China. This synergy creates fast and safe payment completion while helping businesses enter the South Korean market, solve the cross-border clearing and settlement issues, and create a system more convenient to South Korean consumers.
Headquartered in Beijing, PayEase, a Mozido Affiliate, currently focuses on payment service platform that covers mobile, online, call centers and Point of Sales (POS) terminals. The comprehensive payment platform has direct connections to 23 banks in China and is a member of China Union Pay. PayEase can process all debit and credit cards including China Union Pay and 4 worldwide accepted international credit cards: MasterCard, VISA, American Express and JCB cards. PayEase's major customers include the Beijing Government, Banks, Universities and Fortune 500 corporations such as Apple, Amazon, Nike, Korean Air, HP, Burberry, D&G, Bally, Armani, TravelZoo, peerTransfer, Loro Piana, Nespresso, H&M, Yoox, China Telecom, China Mobile, and China Unicom etc. For more information, please visit us at http://www.beijing.com.cn and http://www.payeasenet.com.
About KG Inicis
KG Inicis, established in 1998, is Korea's first online payment service provider, supporting accounting for 33 banks and 3 international credit cards, with more than 100,000 medium-sized enterprise institutions, government agencies, and community groups included in its large consumer base. In 2002, the company successfully listed in the Korea Stock Market (KOSDAQ 035600), and successfully acquired more than 45% market share. The company received PCI DSS security certification. In 2010, the company won the "Korean Trust Company Awards" and "Korea Credibility Award," and in November 2012, received Korean industry's highest honor - the "Chosun Ilbo President's Award."
Mozido provides trusted digital payment and commerce solutions globally delivered as cost-effective cloud-based solutions branded for clients. Highly interoperable, Mozido solutions work with virtually any wireless carrier and mobile device, and integrate easily with ads, offers, and other products from third parties. Mozido's worldwide presence and global offerings include operations in the US, China, India, Africa, Middle East, Sri Lanka, Europe and Latin America, enabling people to manage their money, payments and other services from their mobile phones. For more information, visit us at mozido.com. Follow us on Twitter: @Mozido.
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