Case Study: Myungyoon Electronics achieves global growth with Payoneer

Myungyoon Electronics - Customer Case Study

Myungyoon Electronics, a South Korean manufacturer of specialist motors, needed new ways to sell overseas and online after its traditional B2B agency channels were disrupted during the pandemic. The company turned to Payoneer to support international sales, including its launch on Amazon US, as it looked to expand into new markets and build a stronger B2C channel.

Payoneer enabled Myungyoon Electronics to expand onto marketplaces such as Lazada and Shopee with a smooth payment process and easy marketplace integration. Using Payoneer’s payment solution and card, the company was able to manage funds more conveniently, pay for imports and advertising, reduce fees, and resume a strong growth trajectory, with overseas e-commerce revenue exceeding domestic-only sales.

Myungyoon Electronics

Daehyun Ko

General Manager