Payoneer, Coupang partner to Empower Sellers with Opportunities in South Korea

Payoneer and Coupang are teaming up in a new partnership to help sellers easily expand and sell into South Korea. Through this partnership, Coupang will gain from Payoneer's technology and expertise while sellers on Coupang will get to enjoy seamless payments for their cross-border businesses.

This partnership will allow sellers in Payoneer's ecosystem to access funds and greater flexibility in managing multi-currency payments when selling on Coupang. Payoneer's ecosystem spans countries including China, Germany, Japan, the UK and the US. The partnership will enable sellers also expand into new markets both within and outside of APAC region.

"Payoneer continues to cement its position as a market leader and innovator for digital commerce and partnering with the world’s fastest moving and growing companies is a key part of this. Coupang is at the forefront of the e-Commerce wave and has been able to capitalize on the new wealth of opportunities available to leading platforms. Payoneer’s technology and Green Channel service will help to supercharge Coupang’s global growth," Nagesh Devata, VP for APAC, Payoneer.

Through this partnership, sellers will also gain access to streamlined onboarding onto Coupang through Payoneer’s Green Channel program, which includes assistance from a specialised support team to tap new growth opportunities, leveraging Coupang’s position as Korea’s most popular online retail destination.