Search results for Neon Commerce
Games & Commerce
South Korea Google Play payment and fee rules to change at year-end, key is \'real costs\'
Google is expanding payment options on Google Play and overhauling its service fee structure, with the new system set to take effect in South Korea on Dec. 31. Developers will be able to use their own payment methods or external web payments, with fees varying by method and user status. Industry attention is on how much developers’ total costs change once payment processing fees and system operating costs are included.
Games & Commerce
Game industry expands in-house payment networks to cut fees and reach users directly
South Korean game companies are accelerating efforts to build in-house payment systems that sell directly to users without going through app markets. The goal is to cut platform fees and improve profitability while securing payment data and direct user touchpoints. Krafton completed a strategic investment in Neon Commerce, which supports web stores, payments and tax and regulatory compliance. Major publishers are widening off-app payment routes, but success depends on whether users actually switch to them.
Games & Commerce
Krafton makes strategic investment in game commerce firm Neon
Krafton said on Wednesday it has completed a strategic investment in Neon Commerce, a global game commerce infrastructure company. Krafton said the move is aimed at reducing dependence on external platforms and strengthening a proprietary commerce ecosystem that can connect directly with global users. It plans to accelerate development of its own payment system and internalise global competitiveness as a publishing platform. Neon provides one-stop support for payments integration, tax and regulatory compliance, and online store operations.