Case Study: Korea Telecom achieves faster payments and a 90% reduction in payment processes with Payoneer

Korea Telecom - Customer Case Study

Payoneer helped Jinwon Jang, a South Korean global online seller active on eBay, Amazon, Taobao, Qoo10 and Lazada, solve a major pain point: receiving international payments from U.S. marketplaces. Opening a U.S. bank account was difficult and time-consuming, forcing him into slow manual processes like faxes and calls to collect funds.

By using the Payoneer U.S. Payment Service to create a U.S. bank account remotely, Jinwon can collect payments and withdraw to his Korean bank in local currency within 2–3 days. This streamlined workflow cut 90% of unnecessary processes, sped up payments and supported increased sales.

Korea Telecom

Jinwon Jang

Branch Manager