Naver Z Chooses Payoneer to Pay Content Creators Globally
August 04 2022 - 7:00AM
Business Wire
The partnership marks Payoneer’s growth within Asia’s digital
content creator economy and provides Naver Z’s users a quicker
payment experience
Payoneer (NASDAQ: PAYO), 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.
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.
“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.”
To learn more, please visit https://www.payoneer.com/
About Naver Z and ZEPETO
ZEPETO is a burgeoning metaverse that enables the next
generation to experience the truly personalized identity in the
virtual worlds. With over 320 million lifetime users, ZEPETO is the
fastest growing avatar platform joined by the world’s most popular
IP, Brands, Celebrities, and millions of Creators.
About Payoneer
Payoneer is the world's go-to partner for digital commerce,
everywhere. From borderless payments to boundless growth, Payoneer
promises any business, in any market, the technology, connections
and confidence to participate and flourish in the new global
economy. Since 2005, Payoneer has been imagining and engineering a
truly global ecosystem so the entire world can realize its
potential. Powering growth for customers ranging from aspiring
entrepreneurs in emerging markets to the world's leading digital
brands like Airbnb, Amazon, Google, Upwork, and Walmart, Payoneer
offers a universe of opportunities, open to you.
Forward-Looking Statements
This press release includes, and oral statements made from time
to time by representatives of Payoneer, may be considered
“forward-looking statements”. Forward-looking statements generally
relate to future events or Payoneer’s future financial or operating
performance. In some cases, you can identify forward-looking
statements by terminology such as “may,” “should,” “expect,”
“intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,”
“potential” or “continue,” or the negatives of these terms or
variations of them or similar terminology. Such forward-looking
statements are subject to risks, uncertainties, and other factors
which could cause actual results to differ materially from those
expressed or implied by such forward-looking statements. These
forward-looking statements are based upon estimates and assumptions
that, while considered reasonable by Payoneer and its management,
as the case may be, are inherently uncertain. Factors that may
cause actual results to differ materially from current expectations
include, but are not limited to the occurrence of any of the risks
and uncertainties set forth in the section entitled “Risk Factors”
and “Cautionary Statement Regarding Forward-Looking Statements”, as
well as any further risks and uncertainties contained, in
Payoneer’s Annual Report on Form 10-K for the period ended December
31, 2021 and future reports that Payoneer may file with the SEC
from time to time. Nothing in this press release should be regarded
as a representation by any person that the forward-looking
statements set forth herein will be achieved or that any of the
contemplated results of such forward-looking statements will be
achieved. You should not place undue reliance on forward-looking
statements, which speak only as of the date they are made. Payoneer
does not undertake any duty to update these forward-looking
statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20220804005213/en/
Investor contact Investor Relations
investor@payoneer.com
Media contact Irina Marciano PR@Payoneer.com
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