Payoneer, the commerce technology company powering payments and growth for the new global economy, has been chosen by Naver Z, a subsidiary of Naver Corp., one of Asia’s largest internet companies and an early leader in the content creator economy, as their global payment provider. Naver Z owns ZEPETO, a global metaverse platform with 320 million registered users. This partnership marks Payoneer’s increased focus on the content creator industry, and how it connects entertainment platforms with their global ecosystem.
“Naver Z is a pioneer of content creation in the virtual world and Payoneer is thrilled to meet the needs of digital creators by reducing the friction that can exist in cross-border payments in the digital economy due to the nature of complex financial operating systems”
Payoneer will support ZEPETO’s content creators in their ability to expediently pay and get paid in multiple currencies and geographies helping scale the creator’s business through an expanding global clientele. By tapping into Payoneer’s unrivaled global financial infrastructure, Naver Z will be able to send payments to these creators more quickly, easily, and cost effectively than before. Together, Payoneer and Naver Z will help content creators reach previously untapped markets while being supported by a [more]secure and flexible payment solution.
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“Opportunities to create income from the creative economy in virtual worlds continue to expand and it is essential that Naver Z is prepared to provide our creators with the best payment experience,” said Ricky Kang, Head of Business at Naver Z. “In addition to helping Naver Z improve the speed of payments, Naver Z’s partnership with Payoneer expands the economic opportunity for our creators by allowing them to sell into new markets and receive payments regardless of location.”
“Naver Z is a pioneer of content creation in the virtual world and Payoneer is thrilled to meet the needs of digital creators by reducing the friction that can exist in cross-border payments in the digital economy due to the nature of complex financial operating systems,” said Woo Yong Lee, Regional Head of East Asia at Payoneer. “We look forward to supporting the next phase of Naver Z’s growth and providing a quicker, more convenient payments platform for its 320 million international users.”