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Finance
Naver Pay to supply \'Npay Connect\' to Paris Baguette, integrating payments and reviews
Naver Pay said on Wednesday it signed a partnership with Paris Baguette to introduce its integrated offline terminal, Npay Connect. The terminal supports multiple payment methods including cash, cards, simple payments, NFC and facial recognition payment Facesign. Users can write Naver reviews and earn points directly on the terminal after paying, while merchants can secure reviews immediately. The companies plan a phased rollout from company-run stores in the second half.
Finance
Naver Pay signs deal with Jeonbuk Bank to support digital shift for local small merchants
Naver Pay said on Thursday it signed a strategic agreement with Jeonbuk Bank to improve the digital payment environment and boost the local economy in Jeonbuk Special Self-Governing Province, based on Npay Connect. The two sides plan to support small merchants’ transition to digital payment infrastructure and run joint marketing linked to JB Card. Npay Connect is an offline integrated terminal supporting multiple payment methods, including Facesign facial recognition payments.
Finance
Naver Pay signs deal with Retail & Insight to drive digital innovation at marts
Naver Pay said on Tuesday it signed a business agreement with cloud-based retail technology firm Retail & Insight to promote digital innovation in South Korea’s retail distribution market. Under the agreement, the offline integrated terminal Npay Connect is set to be introduced as a standard device at about 4,000 small and mid-sized marts nationwide that have franchise contracts with Retail & Insight. Installations will begin sequentially from March alongside on-site payment promotions.