Our vision is to make global payments simple and enable any business to pay anyone, anywhere in the world.

Created by esports veterans, Payment Labs reduces the time and money needed to complete the payment process and can facilitate payments with the ability to transact in 140+ currencies across 180 countries while ensuring that each payment complies with taxation and privacy policy requirements in each country. Payment Labs was created by a team of professionals dedicated to simplifying the payment process and giving smaller businesses and organizations the same resources as large enterprises.

Before founding Payment Labs, CEO Han Park was President of Turtle Entertainment America, a subsidiary of ESL gaming - the world's largest esports company, having sold for over $1 billion in 2022. While an executive at the organization, one of the biggest challenges Han faced was dealing with prize payouts after competitions. Han couldn't find an existing payment solution that worked for the payout problems he was facing, so he decided to build a solution to make esports payouts easy and compliant around the world. The solution expanded to include platforms for traditional sports, niche sports, NIL (Name, Image, Likeness) payments, and the creator economy. The platform can also make compliant and efficient business payments to individuals worldwide.

Companies spend an estimated 10-20% of their prize fund value on accounting and operational costs and payment fees. The first esports customer that Payment Labs onboarded had six months of backlogged prize payments paid out in less than two weeks with the platform.

Today, Payment Labs services all industries that need compliant and efficient global payments, saving time and resources by automating the entire payout process. Payment Labs develops products that serve the specific payment needs of fast-growing industries that require fast and compliant solutions for businesses to pay people globally.