EXIMBAY

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.

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

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

• Payment gateway services
• Cross-border payments
• Online payment processing
• Multi-currency payments
• Merchant payment solutions

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. 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

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core 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)

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration36 records

Feature7 records

Partnerships

14 partnerships are on record, tiered core and major.

• VisacoreTechnology or IntegrationGlobal credit card brand integrated into EXIMBAY's payment platform, enabling card acceptance across all merchant services.
• MastercardcoreTechnology or IntegrationGlobal credit card network partner supporting international card transactions through EXIMBAY's payment gateway.
• JCBcoreTechnology or IntegrationJapanese credit card brand partner enabling JCB card acceptance for merchants targeting Japanese consumers.
• American ExpresscoreTechnology or IntegrationAMEX card acceptance supported through EXIMBAY's global payment network.
• UnionPaycoreTechnology or IntegrationChinese international credit card brand integrated for cross-border transactions.
• WeChat PaycoreTechnology or IntegrationChinese mobile payment service with 1.1 billion+ monthly active users integrated for merchants targeting Chinese consumers.
• AlipaycoreTechnology or IntegrationAlibaba Group's payment platform, China's most widely used electronic payment service, integrated for merchants targeting Chinese customers.
• PayPalcoreTechnology or IntegrationWorld's largest member-based payment service with 162+ million users across 200+ countries integrated into EXIMBAY.
• Apple PaycoreTechnology or IntegrationApple's payment service supporting Face ID/Touch ID authentication on iPhone, iPad, and Mac devices.
• PayPaycoreTechnology or IntegrationJapan's #1 QR-based mobile payment with 50+ million monthly users, operated by SoftBank and Z Holdings (Yahoo Japan).
• Alipay+coreTechnology or IntegrationAnt 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).
• eContextcoreTechnology or IntegrationJapanese convenience store and bank payment service enabling payments at 43,000+ convenience stores and major Japanese banks nationwide.
• VerifonemajorTechnology or IntegrationGlobal payment terminal manufacturer providing hardware (T650P) for EXIMPay offline payment services.
• SunmimajorTechnology or IntegrationAndroid-based payment terminal manufacturer (P3 MIX) partnering with EXIMPay for offline payment solutions (upcoming integration).

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct 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

• Facebookfacebook.com/EximbayPG
• Instagraminstagram.com/eximbay
• LinkedInlinkedin.com/company/eximbay

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EXIMBAY