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Payment services start-up attracts W20b funding

[THE INVESTOR] JTNet, an operator of online and offline payment services, has attracted 20 billion won (US$17.5 million) of funding from BNW Investment and Zenitas Investment, the company said on July 26.

The Korean company under Yellow Mobile’s online-to-offline business affiliate Yellow O2O, offers value-added network and payment gateway services -- core technologies behind credit card transactions.

Founded in 1993, the company joined Yellow Mobile, a start-up giant consisting of dozens of different start-ups.