The K-Pass debit card was introduced to help ease public transit costs. In addition to standard refund benefits, it offers an extra 2,000 won in cash back when monthly public transit spending reaches at least 40,000 won. Customers can receive the benefit regardless of the prior month’s spending, as long as they meet the transit-spending threshold.
Toss Bank attributed the early demand to the card’s benefit structure and a simplified user experience. The bank said K-Pass sign-up and card linking can be completed in the Toss app in one process, reducing steps for users. Among customers who received the debit card and linked it to K-Pass, about 94% registered through the Toss app, the bank said.
By age group, people in their 20s accounted for the largest share at 42.6%. They were followed by those in their 30s and 40s at 14.2% each, people in their 50s at 12.2%, teens at 11.7% and those 60 and older at 5.1%.
“The K-Pass debit card is designed so everyday travel turns into benefits,” a Toss Bank official said. The official said the bank believes customers responded positively to the straightforward benefits, the ease of use and a structure that also connects to the community.
* This article has been translated by AI.
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