A Cross-border Mobile Payment Service
Naver Pay users will be able to use the Naver Pay mobile app at stores in Thailand and Taiwan starting the first quarter of next year.
Naver Financial said on Dec. 4 that it will launch a cross-border payment service to allow its customers to use the Naver Pay mobile payment service at offline stores in Taiwan and Thailand as well as in Japan beginning the first quarter of next year.
Naver Financial disclosed the plan at the Mobile Payment Cross-Border Alliance summit forum, which was held by LINE Pay on Dec. 3.
For this, Naver Financial has formed a mobile payment alliance with LINE Pay (Taiwan, Thailand and Japan), Payco and iPass.
LINE Pay has secured 160,000 member stores in Taiwan, with the number of its users and partner stores surging by over 50 percent this year. Thanks to the steady growth of the mobile payment market, travelers in Taiwan will be able to use Naver Pay at local stores and restaurants.
“The partnership between Naver Pay and LINE Pay will allows customers to use the convenient payment service more widely at home and abroad,” said Choi Jin-woo, vice president of Naver Financial. “We will continue to make innovative efforts to improve payment and other services.”