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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.

Finance

Shinhan Bank launches two point-earning cards with Shinhan Card

Shinhan Bank has launched two point-earning cards with Shinhan Card that link card-use benefits with bank account benefits. Customers can deposit points earned from spending into Shinhan Bank’s dedicated SOL Plan Point Box to receive extra point accrual and interest-rate benefits. The cards provide up to 75,000 SOL Plan points each month depending on spending and payment-account balance conditions, and add 10 percent more points when deposited into the point box.