ONCARD SYSTEM

What ONCARD SYSTEM does

ONCARD SYSTEM (legal entity: 주식회사 마이모빌라우드 / MyMobiLoud Inc.) is a privately held South Korean payment solutions provider headquartered in Bucheon-si, Gyeonggi Province. The company operates the MyMobiLoud integrated payment platform, which aggregates card, virtual account, and mobile payment processing across online, in-person, and phone-order channels by routing through four major Korean Payment Gateway providers: INIpay, NICEPAY, Danal Pay, and Mobilian Pay. Around this core platform, ONCARD SYSTEM has built a portfolio of vertical-specific payment solutions — TelePay for multi-channel card payments, HAPS for academies with attendance tracking, DRIVEPAY for designated driver and quick delivery services, L-PAY for patent and legal firms, E-PAY for real estate, C-PAY for customizable branded checkout pages, and Hospital TelePay for healthcare — supplemented by PAYLOG, a free shopping mall creation tool that serves as a product-led acquisition channel, and an SMS add-on service.

The company monetizes primarily through per-transaction merchant discount rates (MDR), with auxiliary revenue from SMS credits, guarantee insurance facilitation via Seoul Guarantee Insurance, and lifetime revenue share paid to its reseller/franchise network. Its go-to-market combines direct sales (website application, multi-line customer service center, KakaoTalk consultation), a low-barrier reseller/franchise program targeting individual, sole proprietor, and corporate agents, and product-led growth via the free PAYLOG tool. The company claims industry-lowest commission rates and D+5/D+7 settlement cycles up to four times per month, materially faster than the D+1 to D+3 Korean industry standard. Its defensible IP includes Patent No. 10-1742727 for an Order Pre-Payment System that incentivizes advance payment to reduce cancellation and no-show rates, applicable to restaurants, travel agencies, pensions, and hospitals. The company is independently operated with no disclosed parent, no institutional investors, and no funding rounds in the source data.

Name

ONCARD SYSTEM

Legal name

(주)마이모빌라우드

Website

https://oncard.or.kr

Company type

Private

Operating status

Operating

Short description

ONCARD SYSTEM (MyMobiLoud) is a South Korean payment solutions provider offering an integrated multi-channel payment platform (online, in-person, phone-order) with vertical-specific solutions for hospitals, academies, designated drivers, legal, and real estate, serving SMBs and micro-merchants via direct sales and a reseller network.

Ownership category

akta.pro rank

Product category

Payment Processing Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Merchant Acquiring & Card Processing (PSPs) (CRAFALAB)

akta.pro secondary industry

Payment-Integrated Booking & Checkout Modules (THALADAO)

Keywords

• Payment processing
• Payment gateway
• Mobile payments
• Merchant services
• Multi-channel payments

Headquarters

HQ city

Sosa

HQ country

South Korea

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Payment Processing / Transaction Fees: MyMobiLoud charges merchants a per-transaction fee (merchant discount rate / MDR) for processing card payments. The company claims to offer the lowest commission rates in the industry. Fees are collected as a percentage of each transaction processed through its PG-integrated platform.
2. Settlement Cycle Acceleration: The company offers accelerated settlement cycles (D+5 and D+7, up to 4 times per month) compared to industry norms, providing faster access to merchant funds. This faster settlement is positioned as a competitive differentiator.
3. Guarantee Insurance Services: Merchants are required to purchase guarantee insurance (보증보험) through Seoul Guarantee Insurance as part of the onboarding process. The company facilitates this arrangement, likely earning a margin or referral fee.
4. SMS Services: SMS messaging services are offered as an add-on, with credits purchasable via bank transfer to a designated corporate account (기업은행 250-075356-01-025 ㈜온카드).
5. Reseller / Franchise Revenue Share: The company recruits resellers and franchisees who earn ongoing commissions from the transaction revenue they generate. Resellers bring in new merchant customers and earn lifetime revenue share on those merchants' transactions.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

ONCARD SYSTEM provides a multi-channel payment processing platform that enables Korean merchants to accept and manage online, mobile, and offline payments through a unified gateway. The platform handles credit card, bank transfer, and mobile wallet transactions, with APIs and integration tools for e-commerce sites, apps, and POS environments.

Product overview

ONCARD SYSTEM operates 마이모빌라우드 (MyMobiLoud) as a unified integrated payment platform, supplemented by a portfolio of vertical-specific and use-case-specific payment solutions. The core platform (마이모빌라우드) handles online and shopping mall payments, while vertical add-ons address distinct industries: HAPS for academies, D-PAY/DRIVEPAY for designated driver and delivery services, L-PAY for legal/patent firms, E-PAY for real estate, and Hospital TelePay for healthcare. Complementary offerings include C-PAY (customized payment pages), PAYLOG (shopping mall creation), and SMS services. 텔레페이 (TelePay) serves as a cross-cutting multi-payment solution for face-to-face, phone-order, and link-based transactions across PC and mobile.

Differentiator

Problem solved

Functional benefit

Brands

• 텔레페이 (TelePay): 멀티결제솔루션 - 대면결제, 전화주문결제, 링크페이, 주문선결제시스템 등 다양한 결제 기능 제공
• HAPS (학원용)
• DRIVEPAY (드라이브페이)
• L-PAY
• E-PAY
• PAYLOG
• C-PAY

Products and services

• ONCARD Multi-Channel Payment Gateway Unified payment processing platform that enables Korean merchants to accept online, mobile, and offline payments (credit cards, bank transfers, mobile wallets) through a single gateway with API integration.
• Merchant Payment Integration Services Integration and onboarding services that connect merchant e-commerce sites, mobile apps, and POS systems to the ONCARD payment gateway.

Quantifiable outcome

• Reduction in hospital no-show rates through phone-based pre-payment system
• +4 more outcomes

Named customers7 records

Segments7 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Partnerships

Five partnerships are on record, tiered core.

• 이니시스 (INIpay)coreTechnology or Integration이니시스 is a major Korean payment gateway (PG) provider. ONCARD SYSTEM is partnered with 이니시스 to offer INIpay-integrated card processing to its merchant base, providing seamless PG transaction routing and settlement services for merchants using the MyMobiLoud platform.
• 나이스페이 (NICEPAY)coreTechnology or Integration나이스페이 is a leading Korean PG provider. ONCARD SYSTEM provides NICEPAY-integrated payment processing through the MyMobiLoud platform, allowing merchants to accept card payments via NICEPAY's infrastructure.
• 다날페이 (Danal Pay)coreTechnology or Integration다날페이 is a major Korean mobile and card payment PG provider. ONCARD SYSTEM integrates 다날페이's gateway into its MyMobiLoud solution, enabling merchant access to Danal's payment processing network.
• 모빌페이 (Mobilian Pay)coreTechnology or Integration모빌페이 is a Korean mobile payment PG provider integrated into the MyMobiLoud platform, expanding the range of PG options available to ONCARD SYSTEM merchants.
• 서울보증보험 (Seoul Guarantee Insurance)coreImplementation/ SI/ Consulting PartnerSeoul Guarantee Insurance is the designated guarantee insurance provider for ONCARD SYSTEM's merchant onboarding process. Merchants must purchase guarantee insurance from Seoul보증보험 as a prerequisite for activating their payment service, reducing credit risk for both the company and its PG partners.

Scale indicators6 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• 모빌원 (Mobilian): Korean mobile payment PG provider offering integrated mobile payment and card processing for SMBs. An upstream PG partner of ONCARD SYSTEM and a direct SMB-focused competitor.
• 페이레터 (PayLetter): Korean online payment gateway serving SMB and mid-market merchants with online/PC and mobile payment processing. Closely comparable in product scope and SMB target market.
• 스마트로 (Smartro): Korean VAN/PG provider offering card payment processing, settlement, and merchant solutions with a focus on SMB retail. Closest direct comparable to MyMobiLoud as a competing PG aggregator.
• 한국정보통신 (KICC): Korean VAN and payment processor offering card payment, online PG, and offline POS services to SMB and enterprise merchants. Closely comparable in business model and target customer.

Broad incumbents

• Kakao Pay: Korean mobile payment platform with online and offline payment processing for merchants. Increasingly bundled into the KakaoTalk super-app ecosystem, competing with ONCARD for SMB payment processing.
• 다날 (Danal): Korean mobile and card payment PG provider with both online and mobile payment infrastructure. An upstream PG partner of ONCARD SYSTEM; competes for the same merchant wallet share.
• 토스페이먼츠 (Toss Payments): Fast-growing Korean payment platform from Viva Republica, offering payment gateway services alongside a broader fintech super-app. Increasingly competing for the same SMB merchant accounts.
• Naver Pay: Korean payment service from Naver offering online checkout, merchant acquiring, and payment processing. Competes for the same SMB merchant base and is embedded in Naver's commerce ecosystem.
• NICE Payments: Major Korean PG provider offering card processing, mobile, and online payment services. Another upstream partner of ONCARD SYSTEM and a direct competitor for the same merchant customers.
• KG이니시스 (KG INICIS): Largest Korean payment gateway providing card processing, online and offline payment infrastructure. A core PG partner of ONCARD SYSTEM and dominant incumbent that ONCARD positions against on price.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCSOcPBLsLabx26WUbLiPrjA?view_as=subscriber
• Facebookfacebook.com/oncardsystem

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 ONCARD SYSTEM