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Finance
Naver Pay to support payment fees for small merchants using Npay Connect
Naver Pay will support on-site payment fees for micro and small merchants using its offline integrated terminal, Npay Connect. The company said it will refund fees for Npay Money and Points payments generated at eligible merchants rated micro or small under National Tax Service standards from Aug. 3 to Dec. 31. Merchants do not need to apply. Refunds will be calculated monthly and paid on the 15th of the following month to BC Card settlement accounts.
Finance
Face payment gains traction as Naver Pay, Toss intensify infrastructure race
Competition in offline payment terminals is heating up as face payment draws attention and spreads, prompting Naver Pay and Toss to race to expand merchant networks. Naver Pay is pushing its Npay Connect terminal, linking payments to reviews, coupons and other services, and says installations have surpassed 100,000 stores. Toss is expanding FacePay use cases with its Toss Front terminal, citing growth to over 6 million registered users and widening partnerships and events.
Finance
Naver Pay opens Incheon Airport Smartpass service
Naver Pay has made Incheon International Airport\'s facial recognition departure service, Smartpass, available through the Npay app. Users can pass through departure screening and some boarding gates using facial recognition after registering facial data, a passport and a boarding pass in advance. The service is available to South Korean nationals aged 7 and older, with guardian consent required for ages 7 to 14. Naver Pay will offer 3,000 won in Npay points to eligible registrants through August.
