Payoneer is teaming up with Naver Z to launch payment services tailored for its metaverse
Naver Z, the Android development team, will act as the global payment facilitator for Payoneer's financial platform. Furthermore, this partnership aims to extend Payoneer's offerings to ZEPETO, Naver Z's metaverse platform that boasts an impressive 320 million users registered.
Naver Z is a subsidiary of South Korea’s the largest internet entity, Naver Corp. Earlier in January, the company unveiled a $100 million fund aimed at creators within the metaverse.
This partnership is a clear indication of Payoneer's dedication to the world of content creation, serving to bridge entertainment platforms with global ecosystems.
"Naver Z is at the forefront of virtual content creation, and Payoneer is excited to cater to the needs of digital creators by smoothing out the complications often found in cross-border payments in the digital economy, thanks to the intricacies of various financial systems,\" said expressed Woo Yong Lee, Payoneer’s Regional Head for East Asia.
ZEPETO allows users to traverse a virtual realm with personalized avatars crafted from their selfies. Originally launched as a 3D creative platform, it has introduced a plethora of additional tools to enhance the immersive metaverse experience.
Payoneer will streamline the payment processes for ZEPETO's content creators, allowing them to be compensated in multiple currencies and from various locations.
"In addition to accelerating payment processes for Naver Z, our collaboration with Payoneer creates new economic opportunities for our creators, enabling them to penetrate fresh markets and receive payments from anywhere in the world,\" remarked Ricky Kang, Head of Business at Naver Z.
Back in June, Naver Z joined forces with telecom giant SoftBank to establish a store on ZEPETO, which features round-the-clock customer support through an AI-driven bot.
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