NEW YORK & SEOUL, South Korea--(BUSINESS WIRE)--Payoneer (NASDAQ: PAYO), the commerce technology company powering payments and growth for the new global economy, has been chosen by Naver Z, a subsidiary of Naver Corp., one of Asia’s largest internet companies and an early leader in the content creator economy, as their global payment provider. Naver Z owns ZEPETO, a global metaverse platform with 320 million registered users. This partnership marks Payoneer’s increased focus on the content creator industry, and how it connects entertainment platforms with their global ecosystem.
Payoneer will support ZEPETO’s content creators in their ability to expediently pay and get paid in multiple currencies and geographies helping scale the creator’s business through an expanding global clientele. By tapping into Payoneer’s unrivaled global financial infrastructure, Naver Z will be able to send payments to these creators more quickly, easily, and cost effectively than before. Together, Payoneer and Naver Z will help content creators reach previously untapped markets while being supported by a [more]secure and flexible payment solution.
“Opportunities to create income from the creative economy in virtual worlds continue to expand and it is essential that Naver Z is prepared to provide our creators with the best payment experience,” said Ricky Kang, Head of Business at Naver Z. “In addition to helping Naver Z improve the speed of payments, Naver Z’s partnership with Payoneer expands the economic opportunity for our creators by allowing them to sell into new markets and receive payments regardless of location.”
“Naver Z is a pioneer of content creation in the virtual world and Payoneer is thrilled to meet the needs of digital creators by reducing the friction that can exist in cross-border payments in the digital economy due to the nature of complex financial operating systems,” said Woo Yong Lee, Regional Head of East Asia at Payoneer. “We look forward to supporting the next phase of Naver Z’s growth and providing a quicker, more convenient payments platform for its 320 million international users.”
To learn more, please visit https://www.payoneer.com/
About Naver Z and ZEPETO
ZEPETO is a burgeoning metaverse that enables the next generation to experience the truly personalized identity in the virtual worlds. With over 320 million lifetime users, ZEPETO is the fastest growing avatar platform joined by the world’s most popular IP, Brands, Celebrities, and millions of Creators.
Payoneer is the world's go-to partner for digital commerce, everywhere. From borderless payments to boundless growth, Payoneer promises any business, in any market, the technology, connections and confidence to participate and flourish in the new global economy. Since 2005, Payoneer has been imagining and engineering a truly global ecosystem so the entire world can realize its potential. Powering growth for customers ranging from aspiring entrepreneurs in emerging markets to the world's leading digital brands like Airbnb, Amazon, Google, Upwork, and Walmart, Payoneer offers a universe of opportunities, open to you.
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