On May 8, Toss Bank announced it has obtained qualification as a national treasury collection agency.
National treasury payments allow customers to receive funds from government agencies, such as tax refunds, directly into their accounts.
Since 2024, Toss Bank has offered services through its app for viewing and paying national tax, customs duties, police fines, penalties, and patent fees. Last year, it partnered with the National Health Insurance Service to enable payments for four major social insurance premiums.
The recent qualification strengthens Toss Bank's foundation for handling national treasury operations through direct integration with the Bank of Korea while maintaining existing customer payment experiences.
A Toss Bank representative stated, "This qualification signifies a strengthened foundation for handling national treasury operations in direct connection with the Bank of Korea. We will continue to expand services to make public financial services like tax payments and refunds easier and more secure for our customers."
* This article has been translated by AI.
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