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Finance

Alipay global ambitions grow as K Bank gains momentum in third IPO bid

Ant Group is accelerating its push into the global payments market, with Alipay Plus linking more than 40 mobile payment apps across dozens of countries in Asia, Europe and the Middle East. The network is used mainly by tourists at 150 million merchants in more than 100 countries and is expanding QR-based payment services to small businesses in developing countries. In South Korea, K Bank is in focus as it pursues a third IPO attempt, alongside product updates and new card features.

Finance

Hana Bank launches benefit package for Naver Pay terminal merchants

Hana Bank said on Tuesday it has launched a benefits package with Naver Pay for merchants using the Npay Connect terminal. Npay Connect is an offline integrated device that supports multiple payment methods, including cash, cards, QR payments and pay services, and can be requested via Hana Bank’s app for sole proprietors. The bank will provide a 30,000 won subsidy to eligible sole proprietors who register a Hana Bank account as their merchant settlement account. Naver Pay plans support measures to ease merchants’ initial costs.