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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
Naver Pay\'s Npay Connect tops 100,000 merchants
Naver Pay said its offline integrated terminal, Npay Connect, has surpassed 100,000 merchants nationwide, seven months after its November launch. It added that 52,000 new merchants installed the terminal over the past three months. The company said a post-payment \"keyword review\" feature helped merchants collect reviews, with review counts rising after adoption across sectors. Restaurants account for the largest share of installations, and Seoul and the capital region make up about 43 percent.
Telecommunications & Media
Autonomous driving market grows as shared e-bike big deal collapses
A planned merger in South Korea’s shared electric bicycle market has collapsed, scrapping a deal that could have produced a dominant operator. Socar’s sale of its Elecle e-bike unit to Kakao Mobility, operator of T Bike, was recently called off after final talks. Mobility platforms are also pushing into lifestyle services such as tire discounts and insurance. The article also highlights developments in Tesla, China’s autonomous driving market, Rivian, robotaxis and EV motorsports.
