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Finance
DailyPay launches twice-daily advance payouts for Baemin and Coupang Eats merchants
DailyPay has launched an advance payout service for restaurant small business merchants using Baedal Minjok and Coupang Eats, paying sales proceeds twice a day. The company said on Aug. 27 it will provide the service for merchants on the two delivery platforms. Delivery app sales are typically settled three business days later and can take more than seven days when weekends or holidays fall in between. DailyPay will settle automatically at 2 p.m. and 9 p.m., including weekends and holidays.
Finance
Race to pre-empt won stablecoin as third financial hub nears
South Korea\'s financial authorities raised their target for household loan growth this year and NH Nonghyup Bank resumed variable-rate mortgage lending, drawing attention to whether mortgage hurdles will fall across the sector. COFIX rose for a fourth month, increasing borrowers\' interest burdens. Financial support for mid-to-low credit borrowers and small businesses is spreading, while the government and regulators advance plans tied to regional finance hubs and debate over a won stablecoin shifts toward payment, distribution and custody infrastructure.
Finance
Dailypay builds R-SDB real-time data repository for small merchants
Dailypay has built a real-time big data repository to collect and manage business data for small merchants and self-employed people. The company said it integrated data from online and offline businesses as well as POS and VAN data into R-SDB. It linked APIs from financial institutions and platforms and combined OCR and large language models to structure documents and normalize data. The company said it has processed more than 100 million records and reduced analysis and screening time.