What NICE Payments does

NICE Payments (operating brand: NICE PAY) is the payment services subsidiary of NICE Information & Communications Co., Ltd. (나이스정보통신㈜), itself part of the NICE Holdings (NICE홀딩스) diversified financial services conglomerate headquartered in Yeongdeungpo-gu, Seoul, South Korea. Founded in 1993, the company provides electronic payment processing infrastructure to merchants and end consumers in South Korea, offering credit card acceptance, bank transfers, simple-payment integrations (including PAYU 간편결제 and PayPro 서비스), and developer-facing APIs via its NICEPAY platform (developers.nicepay.co.kr). It also offers merchant financial services such as advance settlement (NBP 선지정산) and automated response system (ARS) add-ons, and integrates directly with the National Tax Service Hometax portal for cash receipt issuance.

The platform is accessed by merchants through a dedicated management portal (npg.nicepay.co.kr) and mobile interface (m.nicepay.co.kr), and supported by a developer portal with payment modules, error code references, and remote support tooling. Distribution is concentrated in South Korea, and the company operates with 51–100 employees, leveraging its affiliation with NICE Group sister entities (NICE Evaluation Information, NICE Credit Rating, NICE D&B, Korea Electronic Finance, etc.) for cross-selling and brand credibility. The business model is standard payment-gateway economics — transaction fees on processed volume — with quote-based merchant pricing and no publicly disclosed pricing tiers.

Recent activity (2024–2026) has been weighted toward defensive and regulatory actions: customer protection measures following the Timon payment service disruption (2024-07-29), a fraud-impersonation warning (2024-10-17), SMS opt-out compliance (2025-01-09), a ChatGPT-related user-safety advisory (2026-06-10), and a privacy policy revision (2026-06-25). The company has not disclosed funding rounds, M&A activity, geographic expansion beyond South Korea, or proprietary AI capabilities.

Name

NICE Payments

Legal name

NICE Information & Communications Co., Ltd. (나이스정보통신)

Website

https://nicepayments.co.kr

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

51–100 employees

Short description

NICE Payments (NICE PAY) is the payment-gateway subsidiary of Seoul-based NICE Holdings, providing electronic payment processing, simple-payment integrations, advance settlement, and developer APIs to South Korean merchants and end consumers.

Ownership category

akta.pro rank

Headquarters

HQ city

Mapo

HQ country

South Korea

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Distribution channels5 records

Marketing channels4 records

Core offering

NICE Payments operates NICE PAY, an electronic payment processing platform that enables merchants to accept various payment methods including credit cards, bank transfers, and digital payments. The platform offers merchant management tools, transaction monitoring, and settlement services, complemented by sub-products such as PAYU Easy Payment and PayPro service. Integrated financial services include advance settlement (NBP 선지정산), and the platform exposes developer-facing APIs and payment modules for merchant system integration.

Product overview

NICE Payments operates NICE PAY, an integrated electronic payment platform offering multiple payment solutions including the core payment service, PAYU simple payment (PAYU 간편결제), and PayPro service. The platform provides financial services such as advance settlement (NBP 선수정산) and additional services like ARS customer support. Merchants access services through the merchant portal (가맹점관리자) at npg.nicepay.co.kr and m.nicepay.co.kr, with developer APIs available via developers.nicepay.co.kr for payment module integration.

Differentiator

Problem solved

Functional benefit

Brands

• PAYU 간편결제: Simple payment solution for merchants
• PayPro
• NICEPAY API

Products and services

• NICE PAY Core electronic payment service platform enabling merchants in South Korea to accept various payment methods including credit cards, bank transfers, and digital payments. Provides merchant management tools, transaction monitoring, and settlement services.
• PAYU Easy Payment (PAYU 간편결제) Simple payment solution offered through partnership with PayU global payments platform, enabling merchants to accept payments through the PayU ecosystem with streamlined checkout experiences.
• PayPro Service (PayPro 서비스) Payment service offering merchants expanded payment methods beyond standard card payments, including external payment method support with dedicated merchant management capabilities.
• NBP Advance Settlement (금융서비스 NBP 선지정산) Financial service providing advance settlement to merchants, allowing them to receive payment before standard settlement periods to support cash flow management.

Segments2 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature7 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• NICE홀딩스 (NICE Holdings)coreOthersParent holding company of the NICE Group. NICE Payments operates as part of the financial services business group under NICE Holdings, which encompasses multiple credit information and financial technology companies.
• NICE평가정보 (NICE Evaluation Information)minorOthersCredit information company within the NICE Group, part of the credit information business group.
• NICE신용평가 (NICE Credit Rating)minorOthersCredit rating agency within the NICE Group ecosystem.
• NICE D&BminorOthersJoint venture with Dun & Bradstreet for business information services.
• NICE정보통신 (NICE Information & Communications)coreOthersRelated company in the financial services business group, providing electronic financial transaction services.
• KIS정보통신 (KIS Information & Communications)minorOthersRelated company in the NICE financial services business group.
• 한국전자금융 (Korea Electronic Finance)minorOthersRelated company specializing in electronic financial services.
• PayUcoreTechnology or IntegrationNICE Payments offers 'PAYU 간편결제' (PayU Easy Payment) as one of its integrated payment services, enabling merchants to accept payments through the PayU platform.
• 올더게이트 (AllTheGate)minorChannel Partner/ Reseller/ DistributorAlternative payment gateway referenced as a partner management option for merchants.

Recent moves5 records

Expansion highlights4 records

Direct peers

• Kakao Pay: Kakao Pay is Korea's leading mobile payment processor and online payment gateway, serving merchants with card processing, bank transfers, and wallet payments. Directly comparable as a Korean PSP serving the same merchant and consumer segments with similar payment-method breadth.
• KG이니시스 (KG Inicis): KG Inicis is a long-standing Korean payment gateway specializing in online credit card processing, VAN, and merchant settlement. Directly comparable as a domestic PSP with overlap in e-commerce checkout, VAN services, and gateway processing.
• Toss (Viva Republica): Toss is one of Korea's largest fintech super-apps offering merchant acquiring, online checkout, QR payments, and settlement. Directly comparable as a Korean PSP with developer-friendly APIs and a broad payment-method stack.
• KG모빌리언스 (KG Mobilians): KG Mobilians is a Korean mobile billing, payment gateway, and merchant settlement provider serving online merchants and content platforms. Comparable as a domestic Korean PSP with overlapping payment-method coverage and merchant onboarding models.
• PayU: PayU is a global online payment service provider (PSP) operating in Korea and other emerging markets, integrated into NICE Payments through the 'PAYU 간편결제' product. Directly comparable as a payment processor and gateway with overlapping merchant-acceptance and integration services.
• settlebank (한국사이버결제): Settlebank (formerly 한국사이버결제) is a Korean payment gateway and VAN service provider serving online merchants. Directly comparable as a domestic PSP offering gateway processing, VAN services, and merchant settlement analogous to NICE Payments.
• Naver Pay (NAVER Financial): Naver Pay is a major Korean online and in-app payment service from the Naver ecosystem, offering checkout, settlement, and merchant tools. Comparable as a domestic Korean PSP targeting the same merchant base with a strong consumer-side funnel.
• AllTheGate (올더게이트): AllTheGate is a Korean online payment gateway service specializing in credit card processing and merchant integration, and is listed as a NICE Payments partner/reseller. Directly comparable as a domestic Korean payment gateway with overlapping merchant acquiring capability.
• Samsung Pay: Samsung Pay is a Korean and global digital wallet and online payment platform from Samsung, offering online checkout and merchant payment processing. Comparable as a Korean-headquartered PSP with both consumer-side and merchant-side payment offerings.

Broad incumbents

• Adyen: Adyen is a global unified payments platform serving enterprise merchants with acquiring, gateway, and processing across online, mobile, and POS. Comparable as a broader incumbent global PSP; less specialized in the Korean market but overlapping on integrated processor/gateway functionality.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nicepayments

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about NICE Payments