Fiserv Hires Miriam Park to Lead Operations in South Korea

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Fiserv works closely with Carat to provide omnichannel payment solutions to merchants in South Korea. The fintech also offers payment solutions for the local market, including MoneyOn and FirstPay, enabling integrated online and offline payment solutions.

Fiserv has appointed Mi Ryung (Miriam) Park as General Manager for Korea, where she will lead the company’s local payment business, based in Seoul, South Korea.

Park brings a wealth of knowledge and expertise to Fiserv, with over 30 years of experience and leadership in the payments industry, including roles in digital transformation, spearheading business growth and the development of a market strategy.

Ivo Distelbrink, Executive Vice President and Head of Asia Pacific at Fiserv, said, “Miriam brings skilled operational leadership and industry knowledge to Fiserv, which will be invaluable as we grow our business by focusing on our customers. I am confident in his ability to drive our digital innovation strategy in Korea, going beyond traditional payment services to deliver the next generation of payment capabilities to our merchant customers as well as our valued payment partners. , positioning their businesses for growth.

Miriam Park joined Fiserv from UnionPay International, where she led the growth of the card issuance business in North Asia and developed the infrastructure and strategy for growth across the Americas.

Previously, she spent three years at BC Card and 18 years at Visa in a number of leadership and business development roles.

Fiserv works closely with Carat to provide omnichannel payment solutions to merchants in South Korea. The fintech also offers payment solutions for the local market, including MoneyOn and FirstPay, enabling integrated online and offline payment solutions.

For offline payment acceptance, Fiserv works directly with merchants as well as payment partners to connect thousands of merchant payment terminals or point-of-sale (POS) devices for verification and authorization of payments.

In 2021, Goldman Sachs partnered with Fiserv to grow its transaction banking business. The solution was first launched in the United States in 2020 to help businesses process domestic and international payments at a lower cost. The service has seen good traction, with already over 250 customers and over $1 trillion in transactions. The transaction banking business was then extended to the UK in 2021.

The partnership with Fiserv will open up transaction banking to more than a thousand Fiserv customers, who are now able to send and receive payments from domestic and international businesses directly to their accounts receivable and payable platforms.

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