The Internet’s Money

Regional processor · Asia-Pacific

Does Razorpay work in South Korea?

Partly.

Razorpay 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.

What a business in South Korea can use

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

Accept paymentsNot available

Payment gateway, payment links, payment pages, subscriptions, QR codes and POS. In India it supports cards, netbanking, UPI, wallets, EMI and Pay Later; Malaysia (Curlec) adds FPX, DuitNow and others; Singapore and US offer cards, wallets, PayNow (SG) and ACH (US). Non-Indian businesses can also collect from Indian customers. Not for businesses in South Korea.

Pay people abroadNot available

RazorpayX payouts to contacts in India via IMPS, RTGS, NEFT or UPI from a RazorpayX current account; also vendor and salary payouts. Razorpay Curlec in Malaysia also lists payouts. Cross-border payouts are not documented as a general product. Not for businesses in South Korea.

Multi-currency accountNot available

RazorpayX current accounts for Indian businesses, provided by partner banks (ICICI, RBL, Yes Bank); RazorpayX is not a bank. Not for businesses in South Korea.

Business cardsNot available

RazorpayX Corporate Card (Visa corporate credit card issued by RBI-licensed partner banks) for Indian businesses. Not for businesses in South Korea.

StablecoinsNot offered

Razorpay does not offer this.

Yield on idle cashNot offered

Razorpay does not offer this.

Razorpay serves businesses in India, Malaysia (as Razorpay Curlec), Singapore (technical services, with Airwallex as the licensed provider) and the US. Businesses elsewhere can ask to collect only from Indian customers, settled abroad.

Onboarding confidence: medium. Source: Razorpay Payments Terms and Conditions (scope: India; cross-border clause; prohibited list). Everything about Razorpay

Alternatives in South Korea

Other providers that serve businesses registered there.

Selling to South Korea

How people there prefer to pay online.

  1. 1Local cards
  2. 2KakaoPay
  3. 3Naver Pay
  4. 4Toss Pay

Stablecoin rules in South Korea

Moderate riskRules in progress

Stablecoin rules are being written and may change.

Everything about 🇰🇷 South Korea →

Common questions

Does Razorpay work in South Korea?

Partly. Razorpay 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 Razorpay products can a business in South Korea use?

None of Razorpay’s listed products are available to businesses in South Korea.

What are the alternatives to Razorpay 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 and Xendit.

Razorpay elsewhere in Asia-Pacific

Other providers in South Korea