June 2026
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Largest Payment Service Providers Public Companies in South Korea
Benchmark revenue and EBITDA valuation multiples for public comps like
Kakao Pay, NHN KCP, DANAL, Hecto Financial and KG Inicis.
 | kakaopay Corp is a mobile payment and digital wallet service provider. It provides easy payment, easy remittance, and other financial services. It operates in two segments: Financial Services and Non-financial Services. | $30 | -41% | $4B | $822M | 1.3x | 9.6x | ||
| NHN KCP Corp is engaged in the online payment business. NHN KCP organizes its business operations into four segments: Payment Gateway Service, VAN Service, Smart Service, and Additional Services. Payment Gateway Service comprises general payments, periodic accounting, electronic payments by ARS. VAN Service includes online payment processing by credit card, IC card, and points card. Smart Service consists payment service by smart devices. Its additional services comprised mobile phone authentication service and mobile student ID. The company is one of the principal market share holders in the internet shopping mall transactions and the online VAN services in Korea. | $11 | +47% | $413M | $222M | 0.3x | 5.0x | ||
| DANAL Co Ltd is a South Korea based company engaged in providing wired and wireless telephone payment services in South Korea. The company offers digital content payment services; and smartphone barcode payment services, as well as cell phone billing, cell phone ringtone downloads, and ringtones. | $4 | -2% | $249M | $341M | 2.3x | (12.3x) | ||
| Hecto Financial Co Ltd is engaged in providing online payment based system. It provides services such as Real-time bank transfer, Virtual Account, Mobile phone billing, Gift Vouchers and Online payment through credit card. | $16 | +68% | $219M | $33M | 0.3x | 2.2x | ||
| Kginicis Co Ltd is primarily engaged in the provision of electronic payment gateway services and the internet and computer operation-related business. The company offers a comprehensive line of payment services including credit, debit, purchasing card, electronic fund transfer processing, gift card, loyalty card, stored value cards, point-of-sale equipment, and related services; merchant accounting and customized reporting. | $6 | -12% | $170M | $340M | 0.4x | 3.7x | ||
| GalaxiaMoneytree Co Ltd is engaged in Electronic payment business centered on mobile payment and credit card payment, O2O business centered on mobile gift certificates and coupons, convenience store-based payment and electronic civil complaint cash, and other businesses such as Money Tree, a simple payment platform, and a blockchain-based NFT platform operated by a subsidiary company. | $4 | -50% | $159M | $224M | 2.6x | 17.8x | ||
| Median | $9 | -7% | $234M | $282M | 0.8x | 4.4x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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