36Kr (36氪)→ original

Airwallex выходит на рынок Южной Кореи через приобретение Paynuri

Airwallex, a global fintech platform, has announced the strategic acquisition of South Korean company Paynuri Co. Ltd., which holds a payment operations…

AI-processed from 36Kr (36氪); edited by Hamidun News
Airwallex выходит на рынок Южной Кореи через приобретение Paynuri
Source: 36Kr (36氪). Collage: Hamidun News.
◐ Listen to article

Airwallex, a global fintech platform, has announced the strategic acquisition of South Korean company Paynuri Co. Ltd., which holds a payment operations license.

This step marks an important milestone in Airwallex's expansion in the rapidly growing South Korean market and opens new opportunities to provide comprehensive financial solutions to customers in the region. The acquisition of Paynuri gives Airwallex access to key licenses and infrastructure necessary to operate in the South Korean market. Specifically, Airwallex obtains licenses related to payment gateways, prepaid electronic payment instruments, and foreign exchange operations.

This will allow the company to offer a wide range of services, including payment acceptance, transaction processing, and international transfers for both local and international customers. South Korea represents an attractive market for Airwallex due to its advanced digital economy, high internet penetration, and growing e-commerce volume. Local businesses increasingly need effective and reliable solutions for payment management and conducting international transactions.

The acquisition of Paynuri will allow Airwallex to meet this demand and strengthen its position in the region. Under the terms of the deal, Airwallex does not disclose specific financial details, but it is known that after this funding round, the company's valuation reached $8 billion USD, approximately 30% higher than in the previous round. This testifies to investor confidence in Airwallex's strategy and its growth potential in the global market.

This acquisition is also significant for the fintech industry as a whole. It demonstrates a growing trend of consolidation in the payment solutions market and the desire of major players to expand their geographic presence. It is expected that in the future we will see even more such deals, as companies will strive to strengthen their competitive advantages and expand the range of services provided.

In conclusion, Airwallex's acquisition of Paynuri is a strategically important step that will allow the company to enter the promising South Korean market and offer customers comprehensive financial solutions. This also testifies to the ongoing consolidation in the fintech industry and growing competition for market share.

ZK
Hamidun News
AI news without noise. Daily editorial selection from 400+ sources. A product by Zhemal Khamidun, Head of AI at Alpina Digital.

Want to stop reading about AI and start using it?

AI News is a curated feed of AI/tech news. Hamidun Academy teaches you to use AI systematically in your work.

What do you think?
Loading comments…