Finance

Naver Pay to cover in-person payment fees for small merchants during Lunar New Year holiday

Naver Pay said on Tuesday it will fully support in-person payment fees for micro and small merchants during the Lunar New Year holiday period from Feb. 16 to Feb. 22. Eligible merchants will be included automatically without a separate application. During the support period, in-person payment fees incurred on Npay QR payments or point and money payments made through Samsung Pay will be refunded in full.

Crypto

MoonPay builds stablecoin payroll system to support 40,000 firms in UK, EU

MoonPay will support a stablecoin-based payroll system for 40,000 companies in the UK and the European Union, The Block reported on Feb. 10. Companies can use MoonPay's fiat infrastructure subsidiary Iron and payroll and HR platform Deel to pay employees directly in stablecoins. Iron CEO Max von Wallenberg said Deel aims to build a large-scale stablecoin payroll system and target $22 billion in global payroll processing by 2025.