[2020 Startup Ontact Overseas Expansion] PayWork introduces non-face-to-face transaction service
[ Jane Lee 2020-10-29 ]  
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PayWork, selected for the 2020 Startup Ontact Overseas Expansion Project, introduced its non-face-to-face transaction service.

This service is a non-face-to-face transaction system that pays expenses by linking with financial information through simple transaction creation and reporting through a mobile app. For corporate members, the usage fee is charged by tracking the number of API requests, not based on the existing transaction fee. General members can use the app for free, and the company makes profit by showing customized ads according to the characteristics of the transaction. The company has even applied for a business patent on the method of storing transaction data and tracking transaction changes.

The company staff said, "Next year, we plan to provide project success prediction management feedback through classification prediction model method using deep learning, and focus on developing the algorithm for standardization of worker ability evaluation criteria. We will add the English package by 2022 and we plan to complete variance processing of user traffic, assign workers and customer service, and full automation of the system by 2023."

2020 Startup Ontact Overseas Expansion Project is a program designed to enable startups in the province that have become stagnant due to COVID-19 to pioneer overseas markets by ontact, Active support is being made through business cooperation between the Gyeonggi Contents Agency Pangyo G-HUB specializing in supporting content startups and KOTRA with its connection to overseas buyers, investors, and infrastructure.

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Global News Network 'AVING'
by Jane Lee (www.aving.net)

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