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How eBay's JV saved 30% on its payments transactions
Qoo10, a joint venture between eBay and the founder of Korean company Gmarket, needed a more efficient way to process its high volume payments.
Qoo10, an Asian online shopping marketplace and joint venture between eBay and Korea’s founder of Gmarket, reformed its payments processes in 2012 and subsequently achieved approximately 30% reduction in costs per transaction. For a high volume transaction-based company, it was a huge boon.
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