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Naver Pay, one of the leading mobile payment services in South Korea, is now available in China as well. The company said on Tuesday, Sept. 19, that customers who have the app will be able to use it in all Alipay merchants in the region.
Moreover, through the QR payment service, people can easily use Naver Pay without the need for a separate currency exchange process. As long as the affiliated stores have the Alipay Plus logo, customers opt to use Naver Pay to settle their purchases.
As per The Korea Economic Daily, Naver Pay QR payments are accepted in establishments like department stores, restaurants, supermarkets, airports, and even taxis across China, where Alipay payments are offered. It was mentioned that Hangzhou is included in the locations as many tourists are expected to come here for the 19th Asian Games, which will begin on Sept. 23.
Users of Naver Pay just need to present their QR codes in the stores, and payment is immediately processed. In case the available balance is not enough to cover the value of the purchase or service, the payment is charged in increments of KRW10,000 or about $7.54 from the connected charging account.
"Starting with the Hangzhou Asian Games, we will expand global payment collaborations to offer more distinctive experiences and benefits unique to Naver Pay in more countries," a source from Naver Pay shared. "We are preparing to make Naver Pay QR payments available at all Alipay+ merchants in Japan by the end of the year."
Alipay+ Cross-Border Mobile Payment Services head and senior vice president of the Ant Group, Douglas Feagin, also said in a press release for the expansion of their mobile payment to include Naver Pay and others, “A growing variety of mobile payment providers are joining this ecosystem of cross-border digital commerce, from mobile wallets to banking apps, independent merchant apps, and super-apps.”
He added, “We will invest faster and deeper in payment and digital marketing technologies to help our partners and merchants achieve robust, omnichannel growth.”
Photo by: Ant Group Press Release
