SEOUL, South Korea,Nov. 18, 2024/PRNewswire/ --PayerMax, a leading global fintech company, made its inaugural appearance at G-STAR Korea, one of the world's most prestigious gaming events. This milestone marks a significant step in PayerMax's efforts to expand its footprint inSouth Korea'srapidly growing gaming and digital payment markets.
"We are thrilled to participate in this year's G-STAR Korea,"saidWang Hu, Co-founder of PayerMax."South Koreais a dynamic hub for digital entertainment and payments. By engaging with both global and local developers, we aim to support businesses'global expansion with our one-stop, locally-tailored payment solutions."
WithSouth Korea'sgaming industry continuing to thrive, PayerMax is dedicated to helping game developers maximize revenue potential. During G-STAR, PayerMax highlighted a gaming client with targeted payment marketing support during a major gaming tournament, resulting in a 153% increase in transaction volume anda180% growth in successful orders during the campaign—underscoring PayerMax's capability to drive significant growth in the gaming sector.
South Koreais globally recognized for its vibrant mobile and online gaming industry, drawing an increasing number of international developers. According to Sensor Tower data,South Korea'smobile gaming market accounts for 58% of its gaming revenue, positioning it as a crucial region for global developers. Revenue from mobile games inSouth Koreareached$2.75 billionin the first half of this year, up$30 millionfrom the same period in 2023.
The country's digital payment sector is also expanding rapidly, driven by popular platforms such as NAVER Pay and Kakao Pay. With high digital payment penetration and a strong appetite for technological innovation,South Koreapresents fertile ground for companies like PayerMax to offer efficient, localized payment solutions.
PayerMax is committed to building a robust presence inSouth Korea, aiming to support businesses with a comprehensive suite of services that go beyond standard transactions. Leveraging deep expertise in compliance, marketing, financial management, and risk control, PayerMax has developed a comprehensive value-added service tailored to address the unique needs of South Korean enterprises. This approach enables PayerMax to meet the demands of high-efficiency digital transactions while ensuring secure, seamless experiences for merchants and users alike.
At G-STAR, PayerMax emphasized its role in helping South Korean businesses access the global market. By offering payment methods compatible with local platforms such as NAVER Pay and Kakao Pay, PayerMax enables companies to cater to both local and international customers. Additionally, its advanced Smart Routing technology and robust anti-fraud system ensure secure, reliable transactions critical for high-volume businesses.
As PayerMax deepens its investment inSouth Korea, it remains focused on fostering long-term partnerships with local businesses and developers. With a commitment to innovation and tailored solutions, PayerMax will continue to empower companies to succeed both locally and globally.
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SOURCE PayerMax