Fiserv works closely with Carat in order to provide omnichannel payment solutions to merchants in South Korea. The fintech also offers payment solutions for the local market, including MoneyOn and FirstPay, enabling integrated online and offline payment solutions.
Fiserv has appointed Mi Ryung (Miriam) Park as General Manager for Korea, where she will lead the company’s local payments business, based in Seoul, South Korea.
Park brings a wealth of knowledge and expertise to Fiserv, with over 30 years of experience and leadership in the payments industry, including roles in digital transformation, spearheading business growth, and developing market strategy.
Ivo Distelbrink, EVP and Head of Asia Pacific at Fiserv, said: “Miriam brings skilled operational leadership and excellent industry insight to Fiserv, which will be invaluable as we grow our business through a focus on our clients. I’m confident in her ability to drive our digital innovation strategy in Korea, expanding beyond traditional payment services to provide the next generation of payment capabilities to our merchant clients as well as our valued payment partners, positioning their businesses for growth.”
Miriam Park joined Fiserv from UnionPay International, where she led the growth of the North Asia card issuing business and developed infrastructure and the growth strategy across the Americas.
Prior to that, she spent three years at BC Card and 18 years at Visa in a number of leadership and business development roles.
Fiserv works closely with Carat in order to provide omnichannel payment solutions to merchants in South Korea. The fintech also offers payment solutions for the local market, including MoneyOn and FirstPay, enabling integrated online and offline payment solutions.
For offline payment acceptance, Fiserv works directly with merchants as well as payment partners to connect thousands of merchants’ payment terminals or point-of-sale (POS) devices for payment verification and authorization.
In 2021, Goldman Sachs partnered with Fiserv to scale up its transaction banking business. The solution was first launched in the US in 2020 to help businesses process domestic and international payments at a low cost. The service enjoyed good traction, with more than 250 clients already and over $1 trillion in transactions. The transaction banking business was then extended to the UK in 2021.
The partnership with Fiserv will throw open the transaction banking service to more than a thousand clients of Fiserv, who are now able to send and receive payments from domestic and international companies directly within their accounts receivable and accounts payable platforms.
