EXIMBAY
EXIMBAY is a Seoul-based payment gateway serving ~10,000 merchants across airlines, retail/e-commerce, and entertainment with an integrated online and offline acquiring platform spanning 34+ payment methods and 25 currencies.
- Company typePrivate
- Founded2010
- HeadquartersSeoul, South Korea
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What EXIMBAY does
EXIMBAY (엑심베이) is a Seoul-headquartered payment gateway provider founded in 2010 that delivers an integrated online and offline acquiring platform for merchants operating across Korea and international markets. The company serves approximately 10,000 merchants globally — primarily in three verticalized B2B lines: airlines, retail/e-commerce, and entertainment — through a single API/SDK stack that consolidates 34+ payment methods spanning global card networks (Visa, Mastercard, JCB, AMEX, UnionPay, Diners, Discover), wallets (PayPal, Apple Pay, Alipay, WeChat Pay, PayPay, LINE Pay, GrabPay, Klarna), and Korean domestic methods (Naver Pay, Toss, Kakao Pay, Payco, plus ten Korean issuers). The platform is built on AES-256 encryption with 3D Secure authentication and operates multi-currency pricing (MCP) across 25 currencies and 25 countries, with developer-facing REST APIs (Java, PHP, Python, Node.js, C#) and a Kotlin-based Android SDK for EXIMPay offline terminals.
The business runs a pure transaction-based revenue model: merchants pay processing fees only on completed transactions, with rates varying by payment method and card type and no publicly disclosed pricing. Distribution is API-first and developer-centric, combining a self-service portal (pgonline.eximbay.com) for SMB/long-tail onboarding with enterprise integration support for larger merchants. The portfolio is organized under sub-brands — EXIMBAY PG (online), EXIMPay (offline terminals on Verifone/Sunmi hardware), EXIMPay+ (foreign-passport authentication, tax refund, coupons), G-Billing (hotel payments), EXIMLink (link invoices), and the newly launched PG-ON (overseas on-site online payment) — with a Tokyo subsidiary (KRP JAPAN Inc.) supporting Japan-market localization. The company is privately held, led by CEO Kim Jun-heon (김준헌), and discloses no external funding or institutional ownership in the available data.
EXIMBAY firmographics
Firmographics- Name
- EXIMBAY
- Legal name
- (주)엑심베이
- Website
- https://eximbay.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- EXIMBAY is a Seoul-based payment gateway serving ~10,000 merchants across airlines, retail/e-commerce, and entertainment with an integrated online and offline acquiring platform spanning 34+ payment methods and 25 currencies.
- Ownership category
- akta.pro rank
EXIMBAY industry classification
Industry- Product category
- Online Payment Gateway / Payment Processing
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- akta.pro primary industry
- Cross-Border & Multi-Currency Gateway Services (FSAMACAI)
- akta.pro secondary industries
- Cross-border Payments, FX & Multi-currency Checkout (CRAFAJAF), Cross-border Payments & FX for E-commerce (CRAFALAF), Alternative Payment Methods (APMs) & Local Rails (ACH/SEPA/UPI, etc.) (CRAFALAG), Merchant Cross-Border Collections (Pay-ins) & Local Payment Methods (FSAGAKAD)
Keywords
Where EXIMBAY is headquartered
LocationHeadquarters
- HQ city
- Seoul
- HQ country
- South Korea
- HQ region
- Asia
Offices2 records
Markets served
EXIMBAY business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Payment Processing Fees: Transaction-based fees charged only when sales occur. Merchants pay processing fees per transaction for both domestic and international payments. Fee rates vary by payment method and card type.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Usage-based transaction fees |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
EXIMBAY product offering
Product offeringCore offering
EXIMBAY operates an integrated online and offline payment gateway platform that processes domestic Korean and international payments through a single integration, supporting 34+ global payment methods across credit cards, digital wallets, and alternative payment methods. The platform serves approximately 10,000 merchants with multi-currency settlement in USD and KRW across 25+ currencies, complemented by offline terminal payments (EXIMPay), foreign tourist authentication (EXIMPay+), hotel payments (G-Billing), link-based invoicing (EXIMLink), tax refund processing, and overseas on-site payments (PG-ON).
Product overview
EXIMBAY is a comprehensive payment gateway platform offering integrated online and offline payment solutions for businesses operating globally. The portfolio consists of the core EXIMBAY online payment service (the primary product), supported by complementary services: EXIMPay for offline/terminal-based payments, EXIMPay+ for foreign tourist authentication, G-Billing for hotel-specific needs, EXIMLink for link-based invoice payments, Tax Refund for VAT processing, and PG-ON for overseas on-site payments. The platform supports global credit cards (Visa, Mastercard, JCB, AMEX, UnionPay, Diners Club, Discover), digital wallets (PayPal, Alipay+, Apple Pay, WeChat Pay, Alipay), regional payments (PayPay, LINE Pay, Naver Pay, Toss, Kakao Pay, Payco), and multi-currency pricing across 25+ currencies.
Differentiator
Problem solved
Functional benefit
Brands
- EXIMPay: Offline payment service with Verifone and Sunmi payment terminals supporting domestic credit cards, simple payments, international credit cards, DCC, and tax refund services
- EXIMPay+
- G-Billing
- EXIMLink
- PG-ON
Products and services
- EXIMBAY Online Payment Service (EXIMBAY PG)
Companies that use EXIMBAY
Customer profileSegments5 records
Ideal customer profiles5 records
EXIMBAY technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration36 records
Feature7 records
EXIMBAY partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered core and major.
- VisacoreGlobal credit card brand integrated into EXIMBAY's payment platform, enabling card acceptance across all merchant services.
- MastercardcoreGlobal credit card network partner supporting international card transactions through EXIMBAY's payment gateway.
- JCBcoreJapanese credit card brand partner enabling JCB card acceptance for merchants targeting Japanese consumers.
- American ExpresscoreAMEX card acceptance supported through EXIMBAY's global payment network.
- UnionPaycoreChinese international credit card brand integrated for cross-border transactions.
- WeChat PaycoreChinese mobile payment service with 1.1 billion+ monthly active users integrated for merchants targeting Chinese consumers.
- AlipaycoreAlibaba Group's payment platform, China's most widely used electronic payment service, integrated for merchants targeting Chinese customers.
- PayPalcoreWorld's largest member-based payment service with 162+ million users across 200+ countries integrated into EXIMBAY.
- Apple PaycoreApple's payment service supporting Face ID/Touch ID authentication on iPhone, iPad, and Mac devices.
- PayPaycoreJapan's #1 QR-based mobile payment with 50+ million monthly users, operated by SoftBank and Z Holdings (Yahoo Japan).
- Alipay+coreAnt Group's cross-border payment service covering Asia-Pacific region, supporting multiple regional wallets including Alipay HK, Touch 'n Go (Malaysia), Gcash (Philippines), Dana (Indonesia).
- eContextcoreJapanese convenience store and bank payment service enabling payments at 43,000+ convenience stores and major Japanese banks nationwide.
- VerifonemajorGlobal payment terminal manufacturer providing hardware (T650P) for EXIMPay offline payment services.
- SunmimajorAndroid-based payment terminal manufacturer (P3 MIX) partnering with EXIMPay for offline payment solutions (upcoming integration).
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
EXIMBAY competitors and assessment
Company assessmentDirect peers
- Checkout.com: Global cross-border payment gateway emphasizing enterprise merchants, multi-currency processing, and broad APM coverage including Asian wallets. Closely comparable to EXIMBAY's positioning toward airlines, retail and digital businesses.
- Naver Pay: Payment service of Naver, one of Korea's largest internet platforms, providing online and offline payment solutions. Overlaps with EXIMBAY in Korean domestic and select cross-border e-commerce checkout flows.
- Adyen: Global cross-border payment gateway offering unified online + in-store processing across multiple currencies and 100+ payment methods. Closest direct comp to EXIMBAY's all-in-one, multi-currency, multi-APM model, but at vastly greater scale.
- Kakao Pay: Korea's largest mobile payment platform, increasingly expanding into cross-border merchant acceptance. Competes with EXIMBAY for both Korean consumer payment volume and merchant payment processing.
- Toss (Viva Republica): Korean super-app with a fast-growing payment gateway business (Toss Payments) serving domestic and international merchants. Directly competes with EXIMBAY in Korean cross-border merchant acquiring.
- Stripe: API-first online payment gateway supporting global cards, digital wallets, and increasingly local APMs across Asia. Highly comparable to EXIMBAY on developer-centric integration and online cross-border processing.
- Airwallex: Cross-border payment platform offering multi-currency accounts, online payment acceptance and FX for businesses operating in Asia-Pacific. Comparable to EXIMBAY in target market and cross-border, multi-currency value proposition.
- dLocal: Cross-border payment processor specializing in emerging markets across LATAM, Africa and APAC. Comparable to EXIMBAY in offering local payment methods in less-served geographies via a single integration.
Broad incumbents
- Worldpay (FIS): Large incumbent global payment processor offering acquiring, gateway and cross-border services for enterprise merchants. Represents the scale-based competitive threat EXIMBAY faces in cross-border processing.
- PayPal: Global consumer and merchant payment platform with 200+ country reach, integrated into EXIMBAY as a partner. Competes with EXIMBAY at the merchant acquiring layer but also serves as an underlying rail.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
EXIMBAY social profiles
Digital presenceEXIMBAY compliance and trust
Trust signalCompliance2 records
EXIMBAY financial estimates
Financial estimateRevenue estimate
Valuation estimate
EXIMBAY leadership team
Management profileNumber of profiles
Profiles2 records
EXIMBAY subsidiaries and ownership
Company hierarchySubsidiaries4 records
EXIMBAY funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
EXIMBAY M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about EXIMBAY
What does EXIMBAY do?
EXIMBAY operates an integrated online and offline payment gateway platform that processes domestic Korean and international payments through a single integration, supporting 34+ global payment methods across credit cards, digital wallets, and alternative payment methods. The platform serves approximately 10,000 merchants with multi-currency settlement in USD and KRW across 25+ currencies, complemented by offline terminal payments (EXIMPay), foreign tourist authentication (EXIMPay+), hotel payments (G-Billing), link-based invoicing (EXIMLink), tax refund processing, and overseas on-site payments (PG-ON).
Is EXIMBAY a public or private company?
EXIMBAY is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was EXIMBAY founded?
EXIMBAY was founded in 2010. It employs 51 to 100 people.
Where is EXIMBAY based?
EXIMBAY is headquartered in Seoul, South Korea, in the Asia region.
How does EXIMBAY make money?
One revenue line is on record: payment Processing Fees.
Who are EXIMBAY's main competitors?
Direct peers on record are Checkout.com, Naver Pay, Adyen, Kakao Pay, Toss (Viva Republica), Stripe, Airwallex and dLocal. Broad incumbents are Worldpay (FIS) and PayPal.
Does EXIMBAY have an API?
Yes. EXIMBAY offers a comprehensive API suite for payment integration. The online payment API (EXIMBAY PG) supports payment window integration, payment retrieval, cancellation, manual capture, token management, recurring/automatic payments, webhooks, and reconciliation. The EximPay SDK provides Android/Kotlin integration for offline payment terminals, supporting card transactions, cash receipts, QR payments, and tax refunds. EXIMPay+ API supports foreign passport verification and mobile passport QR code scanning. Developer documentation is at developer.eximbay.com.
What industry is EXIMBAY in?
EXIMBAY's product category is Online Payment Gateway / Payment Processing. Its primary akta.pro industry code is FSAMACAI, Cross-Border & Multi-Currency Gateway Services, with a secondary code of CRAFAJAF, Cross-border Payments, FX & Multi-currency Checkout. Its NAICS code is 522320.