“Can South Korea's first licensed MTO become the dominant cross-border payment and collection infrastructure for Korean SMEs and merchants operating globally?”
Founded in 2007 as South Korea's first licensed money transfer operator under the Ministry of Economy and Finance, E9pay originally focused on P2P and consumer remittance. Over time the company expanded into B2B and merchant cross-border payments, culminating in its 2023 partnership with Currencycloud to launch the E9pay Collection Service — a product specifically targeting SMEs, e-commerce exporters, and merchants needing to collect funds internationally. The company now positions itself as a full-spectrum MTO covering P2P, C2B, B2C, and B2B cross-border flows across 100+ countries.
E9pay uses Currencycloud for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 2 layers in E9pay's stack: Unified APIs (Currencycloud); FX & payouts (Currencycloud).
E9pay is founded in 2007 and headquartered in Gwanak-gu, Seoul, South Korea.
Get a read on where your own stack stands against E9pay and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.