PayWork, selected for the 2020 Startup
Ontact Overseas Expansion Project, introduced its non-face-to-face transaction
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.