Naver Pay Expands Regional Currency Payment Integration in Offline Transactions in Seoul, Daegu and Pohang
TECHWORLD ·
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Naver Pay said it will expand regional currency payment integration on its offline integrated terminal, "Naver Pay Connect."
The integrated currencies are Seoul Pay, Daegu-ro Pay and Pohang Love Gift Certificates.
Users of regional currencies in Seoul, Daegu and Pohang can make QR payments at participating merchants.
Naver Pay (Npay) announced on the 11th that it will expand regional currency payment integration on its offline integrated terminal, "Naver Pay Connect." The regional currencies covered by the integration are Seoul Pay, Daegu-ro Pay and Pohang Love Gift Certificates.
As a result, users of regional currencies in Seoul, Daegu and Pohang will be able to make QR payments at merchants where those currencies are accepted. Each regional currency merchant will be able to display the corresponding regional currency as a payment method on the screen of the "Naver Pay Connect" terminal. Naver Pay plans to provide guidance to merchants using Naver Pay Connect through local governments, regional currency operators and local VAN agents.
Naver Pay is currently offering a variety of services to encourage the use of regional currencies. Last year, Naver Pay signed a business agreement with iM Bank. Through this, it is linking applications and use of Naver Pay Connect at iM Bank branches in Daegu and North Gyeongsang Province.
The Naver Pay app also supports registration of payment methods for "Daegu-ro Pay" and "Pohang Love Gift Certificates." When users pay with the relevant regional currencies in the Naver Pay app, they are also offered point-draw benefits for using Naver Pay in-store payments.
Lee Hyang-cheol, lead of Naver Pay's Pay Service, presented the start of integration with Seoul Pay, Daegu-ro Pay and Pohang Love Gift Certificates as a starting point and said Naver Pay plans to continue expanding collaboration with local governments nationwide on that basis. He said Naver Pay Connect's goal is to establish a payment infrastructure that supports the revitalization of local economies, adding that the company will do its best to achieve that goal.
Source: TECHWORLD · Kim Hye-jin
Original: https://www.epnc.co.kr/news/articleView.html?idxno=406824
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Source: TECHWORLD
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