An image promoting the partnership between Naver Pay and GLN International | Image provided by Naver
Naver Pay (CEO Sang-jin Park) recently announced its partnership with GLN International, a global payment network subsidiary of Hana Bank, to enhance its overseas QR payment services.
Through this partnership, Naver Pay users can utilize their Naver Pay money and points for QR payments at GLN International-affiliated local payment merchants across regions such as Thailand, Japan, Taiwan, Laos, Singapore, Cambodia, Guam, Saipan, and Hawaii. In Thailand alone, approximately 4 million merchants are part of the GLN-affiliated payment network, with about 1 million in Japan.
The Naver Pay overseas QR payment service (“Naver Pay X GLN Overseas QR Payment”) is available at major shopping destinations, popular restaurants, convenience stores, supermarkets, and airports across eight regions, excluding Japan, where the service will launch later in October.
To use the service, users click the ‘NPay’ logo under the QR payment tab in the Naver Pay app, then select ‘GLN’ from the ‘Payment Method Selection’ popup. After completing the terms of the service agreement, users can immediately use the service without additional registration. The app automatically detects the user’s location and adjusts the service area accordingly. The logos of local payment partners affiliated with GLN International will be displayed on the service screen, allowing users to make payments at merchants displaying these logos.
Users can pay easily without needing to exchange currency, as Naver Pay money and points are automatically converted into the local currency during payment. If the balance is insufficient, the connected Naver Pay account will automatically recharge in increments of KRW 10,000. After each transaction, users will receive the same “Point Draw” benefits as they do for domestic in-person payments.
The service supports CPM (Customer Presented Mode), where the merchant scans the QR code generated by the Naver Pay app, and MPM (Merchant Presented Mode), where users scan the merchant’s QR code using the Naver Pay app camera. The available payment mode varies depending on the region and merchant.
Naver Pay is hosting a promotional event until December 31 to commemorate the partnership with GLN International. Users who record a video of themselves using the “Naver Pay X GLN Overseas QR Payment” service in Thailand and share it on social media, such as Naver Clip, will be rewarded with Naver Pay points equal to the number of video views up to a maximum of KRW 1 million. More details can be found on Naver Pay’s official blog and posts.
Mihyang Ahn, Head of Naver Pay’s Global Payment Team, commented, “Through this partnership with GLN International, we are excited to provide Naver Pay users with more international payment locations,” adding, “We will continue working to ensure that users can seamlessly experience Naver Pay’s powerful payment benefits through our growing global network of partners.”
Pangyo Techno Valley is a global integrated R&D hub focused on IT, BT, CT, and NT, integrating Research (R), People (P), Information (I), and Trade (T). As Gyeonggi-do’s representative innovation cluster, Pangyo Techno Valley was established to secure national new growth drivers such as technological innovation, human resource development, job creation, and enhancing international business competitiveness. As of 2023, 1,666 companies employ 78,751 people, and it has positioned itself as the most innovative hub in South Korea, with sales amounting to 167.7 trillion KRW (125.5 billion USD).
Furthermore, the Techno Valley Innovation Division of the Gyeonggi-do Business & Science Accelerator (GBSA) holds monthly events such as the Pangyo Evening Meet-Up, Pan-Pan Day, and the Pangyo Startup Investment Exchange “In-Best Pangyo” to maximize the value of Pangyo Techno Valley. They also support the Pangyo Overseas Promotion Program to publicize information about Pangyo’s companies, products, and services to domestic and foreign investors and the media, thereby facilitating foreign investment.
