SEOUL,Korea, September 9 (Whowired) -- Magento(www.MagentoCommerce.com), the world’s most rapidly growing open source electronic transactional solution, has been released with a pure Korean type electronic payment system.
Recording more than 11 million cases of downloads and gaining attention throughout the whole world, Magento solution actually is loaded with a global payment solution.
However, Magento hasn’t been supporting credit card payment based on KRW, Korean type bank transfer, or any mobile payment services until recently.
As a global electronic payment service, PayGate (www.paygate.net) has been working on the interlocking of Korean electronic payment solution with Magento since 2011, announced the completion of the first version at the end of August.
According to the CTO Lee, Dong San of the PayGate’s R&D Centre, he is aiming to a level, on which any merchant using Magento will be able to use the global service without worries by linking additional payment solutions from China and Japan retained by PayGate.
His explanation goes as, “Our web standard payment infrastructure will enhance Magento’s solution even further.”
PayGate is about to announce additional solution for social e-commerce before the end of September. It is expected users of Twitter and Facebook are also hoping them to operate as merchants. Together with Selene’s “pureag”, PayGate will introduce a social e-commerce payment solution through SNS event by September.
<Introduction to PayGate>
PayGate is an IT corporation for electronic payment service established in 1998 during the advent of online shopping mall.
As the mission of company name “PayGate, compound word of Payment and Gateway, it is operating businesses towards the whole payment field from focusing on total customer needs of online payment, production of its own solution, and Total Service.
Based on domestic credit card payment service, PayGate is offering main e-commerce infrastructure, such as credit card payment of USD, JPY, settlement service of JPY, mobile payment, and bank transfer to a variety of companies throughout the country and abroad. In addition, by materializing corporate business management, and credit card payment service through PDA, PayGate is contributing more sales for major domestic pharmaceutical companies.
News Source: PayGate Inc.
Web Site: http://www.paygate.net
Overseas Marketing Dept.
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