Daniel Shin is the founder and co-CEO of PortOne Global. Originally residing in the U.S., he graduated with a B.S. in Economics from Wharton School in 2008. He worked as a business analyst for McKinsey & Company before venturing to Korea. Prior to PortOne Global, Shin also spearheaded TMON and East Track Asia, both garnering their own success.
Daniel Shin recently commented on the three aspects of technology that will drive the global payments industry forward. A reliance on biometrics, competition making the market more robust, and using AI tools to gather data and automate workflow will guarantee the market grows for years to come. Shin specifically noted how the added competition serves the customer just as much as it stabilizes the industry as a whole.
Daniel Shin has led PortOne Global to become one of the most important businesses in the Asian market, having over 2,500 merchants in its portfolio. The company offers its clients the largest amount of payment options, allowing payments across multiple markets while keeping the cost low for businesses. There are also applications that provide benefits such as cross-border payments and customizable checkout.
The main reason for PortOne Global’s creation was streamlining the Asian market into a cohesive structure. This allows the company to expand into Asian countries that have less-developed digital marketplaces due to a single API facilitating all payments. The variety of payment options ensures that customers will feel more comfortable making purchases. This is also where the strength of PortOne Global’s single API system shows its worth.
The methods that PortOne Global uses offer insight into how an eCommerce business should be run. Ensuring reliable transactions, encouraging customers to make repeat sales, and streamlining sales conversions hold the market together. This explains how the Asia-Pacific market leads in the global payments industry.