Search results for Korea Franchise Industry Association
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
Capital market rules tighten as MyData programme expands
South Korean financial authorities are accelerating efforts to tighten capital market discipline, pledging tougher action against illegal practices aimed at avoiding delisting and pushing for timely exits of so-called zombie firms. Korea Exchange will introduce rules from July to delist penny stocks and raise standards for dealing with weak companies. Regulators also plan to curb duplicate listings and tighten reviews. Some decisions, including Hong Kong ELS fines and Samsung Securities approvals, remain delayed.
Finance
Toss signs MOU with Korea Franchise Industry Association to expand Facepay
Viva Republica, operator of Toss, has signed a strategic memorandum of understanding with the Korea Franchise Industry Association to promote payment innovation in the franchise sector centred on its face-recognition payment service, Facepay. The agreement was signed in Seoul on April 13. The association will support adoption among member companies, while Toss will provide payment infrastructure and technology. The two sides also plan joint promotion, initial technical support and training programmes.
