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Finance

Naver Pay to supply payment infrastructure to Sidae Injae operator, first applied to 11 branches and online

Naver Pay will supply corporate payment infrastructure to Hyconci, which operates Sidae Injae, expanding its B2B payment business into education. The service will be applied first within this year to 11 offline branches nationwide and to an online service, then expanded in stages. The companies will introduce the Npay biz payment solution, supporting Npay Money and points, card payments and virtual account-linked payments. They will also review cooperation in access and attendance authentication using Npay Connect and Facesign.

Finance

Naver Pay to support international film festivals with Npay Connect payment infrastructure

Naver Pay is supplying its offline integrated payment terminal, Npay Connect, and supporting facial recognition-based payments at international film festivals in South Korea. The company said it will provide Npay Connect-based payment infrastructure at the 22nd Jecheon International Music and Film Festival and the 31st Busan International Film Festival. During the events, users paying with Npay QR or FaceSign can earn points. Separate promotions apply at goods shops and ticket booths.

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.