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Finance

Toss Place, Bizplay team up to expand local love voucher payments

Toss Place, Toss\'s payment terminal and POS subsidiary, is partnering with Bizplay to expand payment options for local love vouchers and jointly develop corporate expense management services. The companies signed a strategic agreement to combine Bizplay\'s operating experience in local voucher programmes with Toss Place\'s offline payment infrastructure. They will first support Bizplay-operated vouchers on Toss Place\'s Toss Front terminals and plan to expand a model used for Seoul Pay to other regions.

Finance

Toss Payments joins pilot for deposit token payment infrastructure

Toss Payments, the payment gateway unit of Viva Republica, is taking part in a private pilot to connect deposit tokens to existing payment networks. The company plans to build infrastructure that supports deposit token payments without merchants replacing terminals or developing separate systems. Toss Payments said it was selected as the preferred bidder for a project under the Blockchain Innovation Leading Project led by the Ministry of Science and ICT and the Korea Internet & Security Agency.

Finance

Naver Pay to support payment fees for small merchants using Npay Connect

Naver Pay will support on-site payment fees for micro and small merchants using its offline integrated terminal, Npay Connect. The company said it will refund fees for Npay Money and Points payments generated at eligible merchants rated micro or small under National Tax Service standards from Aug. 3 to Dec. 31. Merchants do not need to apply. Refunds will be calculated monthly and paid on the 15th of the following month to BC Card settlement accounts.