HectoFinancial Participates in Overseas Fintech Exhibition... "Accelerating Discussions on Payment Solution Supply"

Techfin company HectoFinancial announced on the 24th that it will accelerate the overseas supply of customized payment and payment settlement services for foreign companies based on its achievements at the 8th Singapore FinTech Festival 2023 (SFF 2023), which it recently participated in.

At the recently held Singapore FinTech Festival, HectoFinancial focused on introducing approximately 100 global companies to ▲PG payment integrated settlement solution ▲Custom PAY solution ▲Banking API solution. After the event, HectoFinancial is conducting detailed discussions on payment solution cooperation with about 20 overseas fintech companies, including global PG companies.

Global companies visiting HectoFinancial’s booth at this exhibition showed great interest in the PG payment integrated settlement solution that provides services from payment to overseas remittance all at once. Companies considering entry into the domestic market continued discussions on HectoFinancial’s overall payment solutions as well as ‘white-label (providing solutions or products without branding)’ and ‘Banking API’ to find partners to handle payment operations in Korea.

Currently, HectoFinancial has been selected as the payment solution provider for several large clients, including global SNS companies that have entered the domestic market, overseas direct purchase e-commerce, and large game platform partners. Among them, three companies have completed integration development and testing and are scheduled to open next month. Based on the results of this exhibition, next year HectoFinancial plans to discuss solution provision with various global companies, including specialized payment service companies for domestic and international airlines. The company intends to continuously expand the number of overseas merchants.

The ‘PG (Payment Gateway) payment integrated settlement solution’ showcased by HectoFinancial at this exhibition is a service that aggregates payment amounts requiring overseas settlement and consolidates settlement into the client’s settlement account. It helps solve overseas settlement management tasks and fee issues. The ‘Custom PAY solution’ is a service that helps quickly and easily build and operate card- or account-based proprietary simple payment services.

In addition, HectoFinancial introduced the ‘Banking API solution’ based on firm banking technology for companies aiming to automate financial-related tasks. All solutions introduced at this exhibition are based on a system directly linked with all domestic banks and leverage decades of stable electronic financial service know-how provided by HectoFinancial.

HectoFinancial offers all-in-one services from payment services such as PG and VAN (Value Added Network) related to major payment methods including simple cash payments, virtual accounts, credit cards, and mobile payments, to overseas settlement, and holds the core technology for all payments. HectoFinancial plans to continuously maintain partnerships to conclude merchant contracts with potential customers secured at this exhibition.

A HectoFinancial official said, “HectoFinancial, which has focused on the domestic payment market so far, has made great efforts to prepare for global expansion by adding payment solutions for overseas merchants and strengthening the overseas business dedicated organization, and it is expected that overseas business will be fully launched and sales will begin from next year.”

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