Under the agreement, the offline integrated payment terminal “Npay Connect” is set to be adopted as the standard device at about 4,000 small and midsize supermarkets nationwide that have merchant contracts with Retail & Insight.
Retail & Insight provides integrated systems for neighborhood markets through its “Tomato Solution” platform, including cloud-based point-of-sale and enterprise resource planning tools, ordering and payment apps, smart flyers and kiosks.
With Npay Connect, stores will be able to offer multiple payment options, including cash, cards, simple payments, NFC and Npay’s facial-recognition payment service, “Facesign.” Shoppers will be able to leave Naver reviews immediately after paying, and apply store discount coupons directly through Npay Connect.
Starting this month, Npay Connect terminals will be installed in phases at neighborhood markets using Tomato Solution, and an on-site Npay payment promotion will be held at the same time.
The two companies also said they will expand data-driven cooperation. Using Tomato Solution POS and ERP data along with Npay payment data, they plan to review financial support options aimed at helping neighborhood markets grow and explore benefits that use data analysis to improve customer experience.
Lee Hyang-cheol, Npay’s Pay Service lead, said the agreement would help make Npay Connect “a turning point for innovating the payment ecosystem” in South Korea’s retail distribution market. He said the company will continue to strengthen digital competitiveness for small merchants and provide a more convenient experience for store visitors.
* This article has been translated by AI.
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