Toss's account-based simple payment service is rapidly expanding due to its user-friendly features and an increase in partner merchants.
On September 6, Toss announced that its quick account transfer service surpassed 100 billion won in monthly transactions as of the end of August 2026.
User numbers have also grown significantly. The cumulative user count rose from 6.5 million in April 2025 to 12 million by the end of August 2026, marking an increase of 1.8 times in just over a year.
The success rate of transactions has improved as well. According to Toss's internal data, the success rate for quick account transfers is now 92%, up from 87.2% last year. Toss attributed this improvement to the refinement of transaction time limits based on actual bank processing times and the introduction of features that alert users when their account balance is insufficient during the payment process.
Launched in April 2023, quick account transfer is a service that allows users to make payments directly from their accounts based on open banking. After registering their account once, users can make payments at participating merchants using just a six-digit password.
Quick account transfer is currently available across various sectors, including commerce, content, and travel & aviation. For merchants, the lower transaction fees compared to credit cards are a significant advantage.
A Toss representative stated, "Quick account transfer is steadily growing in both user numbers and transaction volume, thanks to its convenient payment experience and cost efficiency for merchants. We will continue to enhance the service to ensure that both consumers and merchants can use it conveniently and safely."
On September 6, Toss announced that its quick account transfer service surpassed 100 billion won in monthly transactions as of the end of August 2026.
User numbers have also grown significantly. The cumulative user count rose from 6.5 million in April 2025 to 12 million by the end of August 2026, marking an increase of 1.8 times in just over a year.
The success rate of transactions has improved as well. According to Toss's internal data, the success rate for quick account transfers is now 92%, up from 87.2% last year. Toss attributed this improvement to the refinement of transaction time limits based on actual bank processing times and the introduction of features that alert users when their account balance is insufficient during the payment process.
Launched in April 2023, quick account transfer is a service that allows users to make payments directly from their accounts based on open banking. After registering their account once, users can make payments at participating merchants using just a six-digit password.
Quick account transfer is currently available across various sectors, including commerce, content, and travel & aviation. For merchants, the lower transaction fees compared to credit cards are a significant advantage.
A Toss representative stated, "Quick account transfer is steadily growing in both user numbers and transaction volume, thanks to its convenient payment experience and cost efficiency for merchants. We will continue to enhance the service to ensure that both consumers and merchants can use it conveniently and safely."
* This article has been translated by AI.
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