South Korea ¡ KRW Infrastructure

Move money in Korean won — without a Korean bank account*.

Collect from Korean customers, pay Korean suppliers, and manage the FX in between — on named KRW virtual accounts that settle to you in the currency you already bank in.
Start expanding into South KoreaSee the products
Settle in
USD
EUR
JPY
SGD
GBP
+30 more
~52M
Population
<3s
KFTC Open Banking transfer time, 24/7
20+
banks & fintechs connected via the Open Banking hub
#1
global leader in mobile & QR payment adoption
Why local rails matter

South Korea moves money through one open banking hub. Your rails should plug into it.

In South Korea, real-time interbank transfers have been the everyday norm for years, cleared through the country's shared interbank network under KFTC, and extended further by the Open Banking system that lets a single banking app move money across virtually every bank in the country instantly.

For merchants operating from outside South Korea, that speed creates two problems. Without a local account, there's no straightforward way for a South Korean customer to pay you in South Korean won, and generic pooled accounts make it difficult to tell whose payment just landed. Paying a South Korean supplier from abroad usually means a slow international wire, an unfavourable exchange rate buried in the transfer, and days of uncertainty before the supplier can confirm receipt.

DSGPay solves both sides from one platform. You get a dedicated named local KRW virtual account plus the foreign exchange to move value in and out of South Korean won at rates built for volume, not for one-off retail transfers. No South Korean entity required. ₩ in, your currency out — or the reverse, for payouts.
The DSGPay South Korea stack

Four building blocks. One KRW-denominated ledger.

Use one, or use all four — collections, payouts, and FX are designed to sit on top of the same named account infrastructure.
Collect

1. Named Virtual Accounts

A dedicated KRW account opened in your merchant name. Korean customers deposit directly into it in real time, exactly as they would to any local business — no card rails, no wallets, no waiting.
Customer deposits KRW
→
Your named account
→
Settled in USD, EUR, JPY, SGD, AUD
Reconcile

2. Collections

One-time, single-use KRW virtual accounts generated per transaction or per customer. Built for high-volume merchants who need to identify exactly which Korean customer paid, without manual matching.
Unique account per order
→
Auto-matched deposit
→
Clean reconciliation
Pay out

3. KRW Real-Time Payouts

Prefund in USD, EUR, or your working currency, and pay Korean suppliers, partners, or employees in Korean won in real time — on KFTC Open Banking, the same rails Korean businesses use to pay each other.
You prefund
→
DSGPay converts
→
Supplier paid instantly
Convert

4. KRW FX

Buy and sell KRW against USD, EUR, JPY, SGD, AUD, and 30+ other currencies, at rates built for the volume behind your collections and payouts, not a one-off retail conversion.
30+ funding currencies
→
Competitive KRW rate
→
Applied automatically
Why South Korea, on DSGPay

Built for how money actually moves in South Korea

Your presence in South Korea

A named KRW virtual account gives you a local footprint without the cost or delay of setting one up yourself.

Real-time reconciliation

Clearly separate and identify incoming KRW deposits so every transaction and balance updates instantly.

Faster and cheaper

Local KRW rails settle faster and at a lower cost than routing every transaction through SWIFT.

30+ currencies

Fund and settle in USD, EUR, JPY, SGD, AUD, and dozens of other major and regional currencies alongside KRW.
How the money moves

Two directions, one platform

Collections bring KRW in and settle out in your currency. Payouts start in your currency and land in KRW. DSGPay's FX sits in the middle of both.
Starts with
Korean customer
Deposits KRW
→
DSGPay FX
→
Settles out
Ends with
You, in USD, EUR, JPY, SGD, GBP
Starts with
You, prefunding
USD, EUR, or your working currency in
→
DSGPay FX
→
Pays out KRW
Ends with
Korean supplier
Ready when you are

Ready to collect, pay out, and convert in korean won?

Tell us how you're moving money in and out of South Korea today, and we'll show you what it looks like on DSGPay.
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Who We Serve
About Us
DSGPay operates as a licensed or registered payments provider in Hong Kong, Thailand, and Australia. Our operations are supervised by the respective local regulatory authorities.

Hong Kong: Licensed Money Service Operator (License No. 15-08-01682). Hong Kong Customs and Excise Department.

Thailand: Licensed E-Payment Service Provider. Entity Name: Bahtsmart Co., Ltd. (ā¸šā¸Ŗā¸´ā¸Šā¸ąā¸— ā¸šā¸˛ā¸—ā¸Ēā¸Ąā¸˛ā¸ŖāšŒā¸— ā¸ˆā¸ŗā¸ā¸ąā¸”). Regulated by the Bank of Thailand (BOT). To verify our license,
please search using our Thai company name on the BOT portal.

Australia: Registered with AUSTRAC as an Independent Remittance Dealer.
‍
In these markets, DSGPay does not hold a direct license or registration; the licensed local partner is responsible for regulatory compliance in that jurisdiction. This partnership model allows DSGPay to offer consistent service across its network while ensuring every transaction is processed in accordance with applicable local law.

*DSGPay is a licensed payment institution, not an authorised deposit-taking institution (ADI) or bank. Funds processed through DSGPay are not bank deposits and are not covered by any deposit insurance or protection scheme. Depending on the jurisdiction, customer funds may be held in segregated accounts, safeguarded accounts, or trust arrangements with licensed banking partners, in accordance with the regulatory requirements applicable in that country. Customers should refer to the terms and conditions applicable to their account for details specific to their market.