Eximbay’s cryptocurrency a step forward in cutting-edge payment services

[Country Business Reports interviews and articles by Discovery Reports www.discoveryreports.com]

Omni-channel shopping is the latest trend in 21st century consumption. Digital, wireless, cloud and mobile technologies are fuelling the rise of online retail and electronic commerce (e-commerce) – dramatically impacting the way the world does business.

As consumers shift between different shopping channels – such as retail stores at malls, smartphones, laptops and trendy pop-up stores – businesses have to deal with the stresses of investing in and managing multiple payment platforms. Eximbay, South Korea’s No 1 overseas payment services provider, offers a seamless and integrated global cross-border payment platform for online and offline merchants covering almost all transaction services.

Founded in Singapore in 2006 and headquartered in South Korea, the dynamic company proves its ability to keep in step with changing times. Aiming to bridge the gap between cashless spending and cross-border transactions, Eximbay has begun to diversify its portfolio of payment solutions with a new cryptocurrency, specifically targeting travellers and tourists, slated for release in April this year.

“Eximbay is known as a payment and transaction company, but we now have the tool to become a big player in financial services,” says Jason Kim, CEO. “EBCoin is a game-changing cryptocurrency that eliminates travel-related obstacles, enabling users to travel without cash.”

The strategic move is part of the company’s initiatives to expand its scope of expertise and further penetrate the Asian market – where it has customers in South Korea, China, Japan and Southeast Asia.

Asia-Pacific – the world’s largest retail e-commerce market with sales expected to reach US$2.75 trillion by 2020 – is a highly untapped and particularly promising market for alternative payment solutions.