HectoFinancial Expands Overseas Business with Customized Payment Services for Global Companies

Techfin company Hecto Financial is launching customized payment solutions and remittance services for global companies operating in Korea and expanding its overseas business.

Hecto Financial announced on the 14th that it will participate in the Singapore FinTech Festival 2023 (SFF 2023) exhibition for three days starting from the 15th to hold scheduled meetings and secure new customers with overseas companies discussing payment and remittance service provision.

Recently, Hecto Financial was selected as a payment solution provider for major clients such as global SNS companies operating in Korea and overseas direct purchase e-commerce. Additionally, it is discussing solution provision with various global companies, including large game platform partners and specialized payment service companies for domestic and international airlines.

Hecto Financial plans to provide overseas clients with ▲PG integrated settlement solutions ▲Custom PAY solutions, and aims to expand its overseas business focusing on customized payment and remittance services for global customers.

The ‘PG integrated settlement solution’ aggregates payment amounts requiring overseas settlement and consolidates them into the merchant settlement account. This significantly improves management issues and remittance cost problems related to overseas settlements. The ‘Custom PAY solution’ helps overseas companies that want to build their own card- or account-based simple payment services to easily and quickly establish and operate them.

Hecto Financial is also preparing to launch an overseas settlement agency service next month to streamline repetitive payment-related tasks for domestic merchants. Existing merchants using Hecto Financial’s services can easily use the service from the existing management page without separate development integration.

All the solutions to be highlighted during this event are based on Hecto Financial’s decades-long electronic financial service know-how, provided to thousands of domestic and international merchants using a system directly linked with all major domestic banks in Korea.

Hecto Financial offers one-stop services from major payment methods such as simple cash payments, virtual accounts, credit cards, and mobile payments to payment services like PG (Payment Gateway) and VAN (Value Added Network), as well as overseas settlements, possessing the core technology for all payments.

Meanwhile, SFF 2023 is the world’s largest fintech exhibition held annually by the Monetary Authority of Singapore, supporting fintech companies’ entry into the global market. Hecto Financial plans to introduce its solutions to various overseas companies wishing to enter Korea at the Korean Pavilion, together with the National IT Industry Promotion Agency (NIPA) and NIPA’s ASEAN base, the Singapore IT Support Center (KICC Singapore).

Marking its 8th edition this year, ‘SFF 2023’ will focus on the technological potential brought by the growth and adoption of AI technology in financial services. SFF 2023 will be held for three days from the 15th to the 17th at the Singapore Expo Exhibition Center.

This content was produced with the assistance of AI translation services.