Fiserv hires Miriam Park to lead South Korea operation

Rick Steves

Fiserv works closely with Carat in order 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 payments 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 developing market strategy.

Beyond traditional payment services

Ivo Distelbrink, EVP and Head of Asia Pacific at Fiserv, said: “Miriam brings skilled operational leadership and excellent industry insight to Fiserv, which will be invaluable as we grow our business through a focus on our clients. I’m confident in her ability to drive our digital innovation strategy in Korea, expanding beyond traditional payment services to provide the next generation of payment capabilities to our merchant clients 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 North Asia card issuing business and developed infrastructure and the growth strategy across the Americas.

Prior to that, 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 in order 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 merchants’ payment terminals or point-of-sale (POS) devices for payment verification and authorization.

In 2021, Goldman Sachs partnered with Fiserv to scale up its transaction banking business. The solution was first launched in the US in 2020 to help businesses process domestic and international payments at a low cost. The service enjoyed good traction, with more than 250 clients already and over $1 trillion in transactions. The transaction banking business was then extended to the UK in 2021.

The partnership with Fiserv will throw open the transaction banking service to more than a thousand clients of Fiserv, who are now able to send and receive payments from domestic and international companies directly within their accounts receivable and accounts payable platforms.

Read this next

Retail FX

Fullerton Markets Caps Off Stellar Year with Dual Triumph at Gazet International Awards 2023

Fullerton Markets, one of the fastest-growing brokerages in the Asia Pacific, has today announced its remarkable success at the prestigious Gazet International Awards 2023, where it secured two coveted accolades, reinforcing its position as a global leader in multi-asset brokerage and marketing a triumphant end to the year.

Inside View

Are brokers really ready for EMIR Refit and ESMA changes in 2024?

The EMIR Refit and ESMA reporting requirements necessitate a strategic approach from brokers, involving major updates to reporting systems, data collection processes, and internal resources. We spoke with brokers and RegTech providers to learn more about the upcoming regulatory challenges.

Digital Assets

Binance to phase out BUSD support in two weeks

Binance has announced its plans to gradually phase out support for its native stablecoin, BUSD (Binance USD) by December 15, 2023. This move comes after Paxos, the issuer of BUSD, decided to stop minting new tokens.


Binance Labs invests $3.15M in Open Campus to advance Web3 education

Binance Labs, the venture capital arm of the cryptocurrency giant Binance, has invested $3.15 million in Web3 education platform Open Campus.

Institutional FX

Brighty App unveils EU B2B payment platform amidst exploding market

Brighty App is set to launch its European B2B platform, Brighty Business, this month. This platform is geared towards improving how businesses handle their financial operations, especially in the digital banking and cryptocurrency domains.

Digital Assets

Celsius’ withdrawal process slowed by overwhelming demand

Bankrupt crypto lender Celsius is taking steps to allow certain customers to withdraw their funds. However, some users have reported difficulties in logging in to process their withdrawals, as indicated by posts on various social media platforms.

Digital Assets

Cristiano Ronaldo hit with $1 billion lawsuit over Binance NFTs

Cristiano Ronaldo, the renowned footballer, is facing a class-action lawsuit in the United States over his promotion of Binance, the world’s largest cryptocurrency exchange.

Digital Assets

Zipmex creditors offered 3.35 cents on the dollar payout

Zipmex, a Thai crypto exchange grappling with financial difficulties, has proposed a restructuring plan to repay its creditors.

Digital Assets

FSB warns of risks posed by multifunction crypto-asset intermediaries

The report on Multifunction Crypto-Asset Intermediaries (MCIs) provides an in-depth analysis of these entities which combine various crypto-asset services and products, typically centering around a trading platform. These services can include proprietary trading, investment functions, issuance, promotion, and distribution of crypto-assets, including stablecoins.