Naver Pay (Npay, CEO Park Sang-jin) announced on the 14th that it signed a memorandum of understanding (MOU) with iM Bank (CEO Hwang Byeong-woo) to revitalize the local economy and expand digital payment infrastructure.
The two companies held a signing ceremony at iM Bank's headquarters in Daegu on the 14th and agreed to begin joint cooperation to enhance the local payment system and support small business owners based on Naver Pay's offline integrated terminal 'Connect'.
Through this agreement, both parties plan to ▲expand Npay offline payment infrastructure in the Daegu and Gyeongbuk region, ▲activate the use of Npay services based on iM Bank cards, ▲cooperate on regional currencies (Daegu Lopay, Pohang Love Card, etc.), and ▲expand Npay payment services at local universities.
In particular, "Connect" terminal applications will be available through iM Bank branches. This support will extend not only to merchants who have registered their merchant payment accounts with iM Bank, but also to existing iM Bank customers. This will provide offline small business owners with an easier access to the digital payment environment.
"Connect" is a terminal that integrates various payment methods, including Npay simple payment, card payment, QR/barcode payment, facial recognition payment (Facesign), and NFC-based local currency. It can be integrated with existing POS systems without the need for a dedicated POS system. It also offers various additional features necessary for store operations, such as personalized marketing, point accumulation, coupon issuance, and review encouragement.
An Npay official said, “Through this collaboration, we expect to expand the nationwide distribution of our digital payment solution ‘Connect’ and improve the convenience of using local currency,” and added, “Together with iM Bank’s local financial network, we will contribute to creating a digital environment for local commercial districts and small business owners.”
iM Bank also stated, “We expect this collaboration to be of practical help in strengthening local payment methods and supporting cost reduction and operational efficiency for small businesses.”
- See more related articles
You must be logged in to post a comment.