[Market Focus] Hecto Financial Rises on Expectations for Growth in Global Integrated Payment Settlement Solution

Hecto Financial is showing strength. This appears to be influenced by a securities firm analysis highlighting expectations for growth in its global integrated payment settlement solution.

As of 9:57 a.m. on May 12, Hecto Financial was trading at 14,560 won, up 220 won (1.53%) from the previous trading day.

KB Securities stated on this day, "The company recorded its highest-ever quarterly revenue of 46 billion won, driven by the expansion of new merchants and the performance of its subsidiaries," adding, "The growth of 'MAMS (Master Account Management Solution),' a global integrated payment settlement solution, is now in full swing."

Kim Hyungyeom, a researcher at KB Securities, focused on the growth potential of 'MAMS,' a global integrated payment settlement solution for corporate clients that Hecto Financial launched at the end of 2023. Kim noted, "By the end of 2024, services with 11 companies had commenced, and contracts with 25 companies have now been completed, rapidly expanding the customer base." He added, "The company has already secured clients such as AliExpress, Meta, and Steam, and is preparing to launch services within the year for companies like Amazon, with whom contracts have already been signed."

Kim emphasized that the results of MAMS are already clearly visible, stating, "Starting with a gross profit of 440 million won in 2023, the figure grew approximately 4.6 times to 2.03 billion won in 2024, and is expected to reach an impressive 5 billion won in 2025." He further commented, "The rapid growth of MAMS is noteworthy, as it demonstrates Hecto Financial's potential to become a global fintech company by providing settlement and payment services to overseas global enterprises in a rapidly changing global market environment."

Kim also pointed out a significant shift in Hecto Financial's business structure, analyzing that "the proportion of non-account-based services such as 'mobile payment,' 'direct account payment,' and 'MAMS' is rapidly increasing compared to account-based services." In fact, the proportion of revenue from non-account-based services at Hecto Financial expanded significantly from 20.1% in 2021 to 40.2% in 2024. Kim stressed, "It is important to note that all of these non-account-based services are highly profitable and have significant mid- to long-term growth potential."