Naver Pay will contribute 600 million won jointly with Jeju Bank to provide a total of 7.5 billion won in special credit guarantees for small merchants in Jeju, it said. Each business can receive up to 50 million won in guarantees, with non-financial support such as distributing offline payment terminals and providing digital education. The programme will link with Jeju’s interest subsidy scheme and expand fee refund support for on-site payments through year-end.

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.