Card issuing · Asia-Pacific

Does Rain work in South Korea?

Partly.

Rain is limited for businesses registered in South Korea: access is invite-only, in beta, restricted to part of the product set, or limited in what can be sent or received.

Limited

Source: Rain cards ↗

What a business in South Korea can use

Rain’s products, for a company incorporated in South Korea.

Accept paymentsNot offered

Rain does not offer this.

Pay people abroadNot offered

Rain does not offer this.

Multi-currency accountNot offered

Rain does not offer this.

Business cardsLimited

Virtual and physical cards funded from stablecoin balances, for consumers or businesses, with issuing, processing and program management under one contract.

StablecoinsLimited

Cards settle in USDC, and users can spend from custodial or self-custodial wallets on major chains.

Yield on idle cashNot offered

Rain does not offer this.

Rain issues as a principal card network member, without a sponsor bank, and reports card programs in 100+ countries. Whether a program can launch depends on where the company and its cardholders are.

Onboarding confidence: low. Source: Rain cards. Everything about Rain

Alternatives in South Korea

Other providers that serve businesses registered there.

Accept payments

dLocal Payoneer PayPal BVNKlimited

Pay people abroad

dLocal Payoneer PayPal Bridgelimited BVNKlimited

Multi-currency account

Payoneer PayPal Bridgelimited BVNKlimited

Business cards

Payoneer Bridgelimited

Stablecoins

Bridgelimited BVNKlimited

Yield on idle cash

Bridgelimited BVNKlimited

Selling to South Korea

How people there prefer to pay online.

1Local cards
2KakaoPay
3Naver Pay
4Toss Pay

Stablecoin rules in South Korea

Moderate riskRules in progress

Stablecoin rules are being written and may change.

Rain’s stablecoin products are available to businesses here.

Everything about 🇰🇷 South Korea →

Common questions

Does Rain work in South Korea?

Partly. Rain is limited for businesses registered in South Korea: access is invite-only, in beta, restricted to part of the product set, or limited in what can be sent or received.

Which Rain products can a business in South Korea use?

business cards and stablecoins, with limits.

What are the alternatives to Rain in South Korea?

Providers that onboard businesses registered in South Korea: PayPal, Payoneer and dLocal. With limits: Bridge and BVNK.

Can a business in South Korea use Rain for stablecoins?

Yes, according to our data. Stablecoin rules in South Korea: Rules in progress (moderate risk). Stablecoin legislation is being drafted, and crypto exchanges are tightly regulated.