My guest this week is an engineer by training who found his love for tech and finance while in the middle of his MD-PhD program. And we can now credit him as one of the primary influencers who put esports on the map and helped establish it as a real industry. Payment Labs CEO Han Park has a passion for building businesses and mentoring people – both of which have paved the way for his professional success.
For those of you who may not know, Payment Labs is an online gaming and esports payout company that set out specifically to address a large gap in payments. Efficient, global payments for businesses to pay out in a cross-border and compliant fashion was a necessity, at one point, that was not being addressed by any of the broader platforms. Seeing this demand, Han built an entire business based on the need to efficiently and compliantly clear out prize pools for gaming and esports events – a use case that would have originally taken up to 9 months to complete before his innovative platform.
As for their competitive advantage, Han touts compliance regulation and optimized payment routes as two of their most competitive offerings. Not only do their clients get the benefit of mitigating risk through AML, cross-border, and tax credit compliance, they also benefit from the most efficient means available for payors and payees to pay or receive using their preferred exchange medium.
Tune in this week to hear Han talk about his journey to CEO, including how biotech eventually led to fintech, as well as where he sees the industry going in the next 2-3 years as it relates to the global digital economy, online virtual markets and the gaming/esports sector.