Toss Place is collaborating with BNK Gyeongnam Bank to enhance payment infrastructure for small businesses in the Gyeongnam region. The partnership aims to combine the bank's local network with Toss Place's payment technology to increase merchant participation and improve payment convenience for small business owners.
On October 28, Toss Place announced that it has signed a memorandum of understanding (MOU) with BNK Gyeongnam Bank to stimulate the local economy in Gyeongnam.
Under this agreement, the two parties will utilize Toss Place's payment terminal, Toss Front, along with a point-of-sale (POS) system to expand the payment infrastructure in the Gyeongnam area. They will also engage in joint marketing efforts targeting local small businesses to enhance the payment environment for merchants.
The scope of collaboration will also broaden in the future. The partners plan to pursue joint sales initiatives with various local businesses, including municipalities, agencies, and franchises, and to develop new services that link finance and payments.
Toss Place has previously established a partnership with BNK Busan Bank and is now expanding its collaboration to include Gyeongnam Bank, thereby strengthening its relationship with the BNK Financial Group. This strategy aims to broaden the offline payment business base in the Busan and Gyeongnam regions.
A representative from Toss Place stated, "By combining Gyeongnam Bank's local network with Toss Place's payment technology, we aim to enhance the convenience that small businesses can experience. We will continue to expand services that contribute to revitalizing the local economy."
* This article has been translated by AI.
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