Naver Pay, Kakao Pay, and Toss notify **1.76 million users** of **25.5 billion won** in unclaimed prepaid balances. The companies streamline refund processes to help users recover inactive funds. The initiative targets dormant funds held across the three major mobile payment platforms.
NAVER Pay introduces a 10% cashback promotion for transactions using its face recognition payment service. The move aims to boost adoption of its biometric payment technology among Korean consumers. NAVER Pay competes with other mobile payment platforms in South Korea’s growing fintech market.
Naver Pay surpasses Lotte Card Co. in payment volume, marking the first time a technology-driven platform has led Korea’s payments market. The shift reflects growing consumer adoption of digital payment solutions over traditional financial services. Naver Pay’s rise highlights the evolving role of tech companies in financial transactions.
Naver Pay achieves double-digit sales growth, exceeding **25 trillion won** in quarterly transaction volume for the first time. The company also outlines plans to expand offline payment adoption, targeting **130 trillion won** annually. This growth reflects increased adoption of its mobile payment platform among Korean consumers.