HISTORICAL TIMELINE

TBCASoft, in collaboration with ZeroPay and ICB, jointly launched a cross-border mobile payment service in South Korea. ZeroPay is the national QR Code payment standard launched by the South Korean government. ICB is a cross-border fintech company based in South Korea. The HIVEX cross-border payment platform went live on January 6, 2025. ZeroPay, will for the first time, connect its network of MPM and CPM affiliated merchants to the HIVEX cross-border payment platform, greatly enhancing the payment convenience for HIVEX travelers in South Korea.

TBCASoft launched its HIVEX Payment Network in October 2023. Over the past year, we successfully helped Taiwan’s top three e-payment brands – PX Pay Plus, E.Sun Wallet, and JKOPAY – expand into Japan and capture a significant share of the cross-border payment market. The business opportunity for Taiwan-traveler e-wallet payments in Japan is projected to reach one trillion yen before 2025.

Through HIVEX, users can make payments at over a million store locations in Japan that display the PayPay QR code, including department stores, drugstores, restaurants, and even small businesses like izakayas and ramen shops, that historically do not accept credit cards. HIVEX users enjoy a secure, seamless payment experience without the 1.5%+ foreign transaction fee or currency exchange discrepancies.

Ling Wu, Founder and CEO of TBCASoft said: “Today marks another significant milestone for TBCASoft and the HIVEX Network ecosystem as we introduced our Dynamic-QR service to the Japan market. The addition of Dynamic-QR to our existing CPM and MPM capabilities propels HIVEX to ubiquitous merchant coverage in Japan. Ubiquity is a unique and important value proposition, as it creates an unparalleled trust that consumers can travel and pay everywhere with their mobile payment app. Our Network performance remains strong with 99% of the transactions completing in a few seconds. Users continue to show their growing preference to pay with their trusted mobile payment app, instead of using cards or cash while traveling.”

Ling Wu, Founder and CEO of TBCASoft said: “This is the first time Japan’s largest payment brand has shared their extensive CPM merchants with any partner. The CPM launch reflects their recognition of HIVEX’s stability and reliability. As a result, HIVEX’s coverage in Japan is much greater than ALL other foreign inbound payment brands. All users of HIVEX’s partners will directly benefit from HIVEX’s leading coverage in Japan.”

Image credit: DC Studio