Naver Pay signed a memorandum of understanding with the Small Business Hope Foundation on July 2 to promote the digital transformation and utilization of small businesses. This initiative aligns with the government's policy to support the digital transition of small enterprises, with a private fintech company taking the lead in infrastructure provision. The two parties plan to implement collaborative projects centered around the offline integrated terminal 'Npay Connect' to enhance payment environments and operational efficiency in small business stores. Notably, they will support the replacement and installation of outdated payment terminals with Npay Connect through a new terminal support program for small businesses.
Npay Connect is an integrated terminal that supports various payment methods, including cash, cards, QR codes, mobile payments, NFC, and even facial recognition payments. It features functions designed to improve store operation efficiency, such as keyword review collection immediately after payment and a mini kiosk function. Since its launch in November last year, Npay Connect has rapidly gained traction, surpassing 100,000 merchant locations recently.
In an environment where the digital transformation of small businesses is directly linked to their survival competitiveness, this agreement is seen as a practical support measure that allows them to acquire the latest payment infrastructure without incurring costs.
Lee Hyang-cheol, leader of Npay's payment service, stated, "We will actively support the widespread use of Npay Connect for the growth of small businesses across the country."
Npay Connect is an integrated terminal that supports various payment methods, including cash, cards, QR codes, mobile payments, NFC, and even facial recognition payments. It features functions designed to improve store operation efficiency, such as keyword review collection immediately after payment and a mini kiosk function. Since its launch in November last year, Npay Connect has rapidly gained traction, surpassing 100,000 merchant locations recently.
In an environment where the digital transformation of small businesses is directly linked to their survival competitiveness, this agreement is seen as a practical support measure that allows them to acquire the latest payment infrastructure without incurring costs.
Lee Hyang-cheol, leader of Npay's payment service, stated, "We will actively support the widespread use of Npay Connect for the growth of small businesses across the country."
* This article has been translated by AI.
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