Overview
- Crypto.com Pay will be integrated across KG Inicis’s online and in‑store merchant network to enable digital asset payments by foreign travelers.
- Merchants can choose instant settlement in either fiat currency or supported digital assets using existing payment rails.
- KG Inicis handles over 400 million transactions annually, serves about 190,000 merchants, and holds roughly 40% of South Korea’s payment gateway market.
- The companies say the setup can reduce foreign card fees and currency conversion costs for international visitors.
- Both firms plan additional cooperation such as co‑marketing and new products, subject to regulatory approval as South Korea refines digital‑asset rules.