Crypto.com taps KG Inicis for tourist crypto payments in South Korea
The partnership targets foreign travelers in South Korea, adding real-world merchant access through a major local payments processor.
Crypto.com has partnered with KG Inicis, one of the largest South Korean payment gateways and value-added network providers, to introduce crypto payment options for foreign visitors across the country.
KG Inicis, which processes hundreds of millions of transactions annually with its service used by around 190,000 affiliated merchants, will support the rollout of Crypto.com Pay across its network, according to a Tuesday announcement.
“KG Inicis boasts an unrivalled merchant acceptance network with 40% market share and we’re proud to partner with this fintech powerhouse to make digital asset payments easier for travellers to Korea,” Eric Anziani, president and chief operating officer of Crypto.com, said.