Toss Payments, an electronic payment gateway affiliate of Vivarepublica, is developing an automated integration function for payment and settlement data with Webcash.

Toss Payments said on June 17 that it signed a business agreement with Webcash to develop the payment and settlement data integration function and expand customer infrastructure.

The signing ceremony was held on June 15 at Webcash headquarters in Yeongdeungpo district, Seoul. Key officials from both companies, including Toss Payments Vice President Woo Song-su (우송수) and Webcash CEO Kang Won-joo (강원주), attended and discussed the direction of cooperation.

The two companies plan to build an environment in which Toss Payments merchants can check payment and settlement details directly in Gyeongri Nara and use them for sales management.

They aim to support business operations for small business owners and small and midsized companies and strengthen market competitiveness.

Woo said, "Through this cooperation, I will support partners using Gyeongri Nara so they can check and manage payment and settlement data more efficiently, and contribute in a practical way to creating an environment in which they can focus more on their core business."

Kang said, "Small business owners and small and midsized companies often have to handle business operations and management at the same time with limited staff." He added, "We will advance services in cooperation with Toss Payments and provide an environment in which payment and settlement data can be used more easily and conveniently."