Regional processor · Asia-Pacific
Does Paystack work in South Korea?
Paystack does not onboard businesses registered in South Korea.
What a business in South Korea can use
Paystack’s products, for a company incorporated in South Korea.
Online and in-person payment acceptance. Cards (Visa and Mastercard in all markets) plus local methods that vary by country: bank transfer, USSD, mobile money, M-PESA, EFT, QR, Apple Pay and Google Pay. Settlement is in local currency by default; Nigerian and Kenyan businesses can also accept and settle in USD.
Transfers from your Paystack balance to bank accounts in your own country, and to mobile money in Ghana and M-PESA in Kenya. Domestic only. Available to Registered businesses, not Starter businesses.
Dedicated Virtual Accounts: bank account numbers you create for your customers to pay into; payments are recorded against that customer and settle to your Paystack balance. Not a multi-currency holding account.
Paystack does not offer this.
Paystack does not offer this.
Paystack does not offer this.
Paystack says its services are only for businesses registered in Nigeria, Ghana, South Africa and Kenya. Côte d'Ivoire and Egypt are described as a private beta, although Paystack already publishes pricing and compliance requirements for both.
Onboarding confidence: high. Source: Paystack support: What is Paystack and how does it work? (Countries we serve). Everything about Paystack
Alternatives in South Korea
Other providers that serve businesses registered there.
Accept payments
Pay people abroad
Multi-currency account
Yield on idle cash
Selling to South Korea
How people there prefer to pay online.
- 1Local cards
- 2KakaoPay
- 3Naver Pay
- 4Toss Pay
Stablecoin rules in South Korea
Stablecoin rules are being written and may change.
Common questions
Does Paystack work in South Korea?
No. Paystack does not onboard businesses registered in South Korea.
What are the alternatives to Paystack in South Korea?
Providers that onboard businesses registered in South Korea: PayPal, Airwallex, Wise Business, Payoneer, Paddle, Polar, Gumroad, FastSpring and 3 more. With limits: BVNK, Rain, Flutterwave, Razorpay and Xendit.
Paystack elsewhere in Asia-Pacific