Toss said on 15일 it signed a strategic memorandum of understanding with the Korea Franchise Industry Association.
Under the agreement, the two sides plan to roll out Toss’ facial-recognition payment service, FacePay, across franchise stores. The association will support adoption among its member companies, while Toss will provide the payment infrastructure and technology.
FacePay is a simple payment service that allows customers to pay using facial authentication. It can be used without a separate card or smartphone and can reduce repetitive tasks caused by store staff operating point-of-sale systems.
“FacePay is not just a convenient payment method, but an innovative tool that makes franchise owners’ daily lives easier,” Toss Vice President Kim Gyu-ha said. “Through cooperation with the Korea Franchise Association, we will work together so more small business owners can improve the payment experience.”
Na Myeong-seok, chairman of the Korea Franchise Industry Association, said the agreement will make it easier for member companies to adopt new payment technology. He said the association will actively support franchise owners so they can run stores more easily and conveniently.
* This article has been translated by AI.
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