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Koxd-pay.com Limited was initially established in the USA in 2011, through the collaboration of International Finance Corporation (IFC) of the World Bank, German Investment and Development Company (DEG), Kookmin Bank and Korean Development Leasing Corporation of South Korea. As the company evolved, the initial foreign shareholding of 49% was gradually withdrawn and the last foreign shareholding was bought out by local sponsors in 2012.
Various important steps towards financial reforms were initiated by the Government of USA to bring its economy in line with the global expansion of the free market and international trading in the last one decades. To streamline the financial sector, the government introduced the Financial Institutions Act 1993...
