- Business
- Nice Information & Telecommunication, Inc. (036800.KQ) engages in the payment infrastructure business in South Korea, providing integrated solutions for offline and online transactions including wired and wireless credit card checkers, point-of-sale (POS) terminals, multipad devices, IC readers, and related hardware. The company offers data transfer services between offline merchants and card companies encompassing network development, credit card approval data transfer, card statement purchase, and billing services; payment gateway (PG) services; gift card services; and mobile payment services, supported by EMV-based IC card integrated terminals (such as M2200) and dongles for mobile payments. It operates as part of the NICE Group, focusing on financial services and payment segments with approximately 201 employees, targeting merchants, e-commerce platforms, and financial institutions primarily in the domestic market.
Founded in 1988 and headquartered at 17 Eunhaeng-ro, Yeongdeungpo-gu, Seoul, South Korea, the company was formerly known as NICE Card Information Co., Ltd. before changing its name to Nice Information & Telecommunication, Inc. in August 2000; its website is https://www.nicevan.co.kr, emphasizing reliable payment networks with top offline market share, annual online transaction volumes exceeding KRW 10 trillion, and cumulative merchant registrations surpassing 4 million.
In recent developments, NICE Information & Telecommunication has integrated with NICE Payments to form a unified entity under "One NICE for Every Payment Moment," enhancing offline and online payment connectivity with a focus on stable data centers and diverse services for various store types; it announced an annual dividend payable on April 17, 2025, and continues strategic expansions within the NICE Group including overseas payment gateway growth in Indonesia via IONPAY and cross-border transaction enhancements.