IBK, New Subscription Event for E-commerce Export Payment Settlement Service 'Paygos'

Major Currency Exchange Rates 80% Discount, Overseas Remittance Fees Waived

IBK Industrial Bank announced on the 20th that it will hold the ‘E-commerce Overseas Ro(路)-!’ event for companies using the overseas e-commerce export payment settlement service ‘Paygos’ until December 31.

The ‘Paygos’ service is a platform that supports the settlement of overseas sales proceeds for companies operating on Amazon or their own online shopping malls. Many overseas e-commerce export companies use it because the settlement process is convenient and it helps save various costs such as exchange and remittance fees.

This event offers benefits such as ▲ 80% preferential exchange rates for major currencies (USD, EUR, JPY) ▲ exemption from overseas remittance fees ▲ discounted fees from partner overseas PG companies to newly registered companies in 2024 or companies with online market settlement performance in 2024 among Paygos subscribers. In addition, a limited number of 150 newly registered companies and 50 companies with their first settlement will receive small prizes on a first-come, first-served basis.

An IBK Industrial Bank official said, “The domestic online export scale reached 993 million USD last year, growing for six consecutive years since 2017, and the cross-border e-commerce export market is expected to continue growing. We will actively support convenient settlement of online sales proceeds through Paygos in the future.”

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