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Naver Pay – Making Online Payments in South Korea Easier

Naver Pay | Inquivix

Did you know that there is a popular online payment system in South Korea that makes paying for things easier than ever? It’s called Naver Pay, and it allows users to make purchases and pay bills quickly and securely without having to enter their credit card or bank account details every time. In this post, we’ll take a look at what Naver Pay is, how to set it up, and why it’s the perfect choice for online payments in South Korea. So if you’re looking for an easy way to pay for things online, keep reading!

What Is Naver Pay?

Naver Pay is a mobile payment service launched in 2015 by Naver, the operator of South Korea’s largest search engine. The service allows users to make online payments using their Naver account balance or linked bank account. Naver Pay is primarily used to support Naver Shopping, the company’s online marketplace, but it can also be used to pay online for other services such as taxis and food delivery. 

Naver Pay is a secure and convenient way to pay for goods and services on the Naver Shopping website. It offers shoppers a simple and seamless way to pay for their online purchases. Thanks to Naver Pay, shoppers can enjoy a convenient and hassle-free shopping experience on the Naver Shopping website.

Naver Pay has grown since its launch to a 9 trillion won business. Not only limited to Naver Shopping and being available on multiple platforms, but it is also becoming a payment standard in South Korea. Naver Pay is expected to grow even further as more and more online shoppers in South Korea use it to pay for their purchases.

Quarterly Turnover Value - Naver Pay | Inquivix

Why Is It One of the Most Popular Payment Methods?

Naver Pay is one of the most popular payment platforms for a number of reasons. First, it is integrated with the Naver app, which is one of the most popular apps in South Korea. This makes it very convenient for users to make payments without having to open a separate app or website.

Second, Naver Pay offers a wide range of payment options, including credit and debit cards, electronic transfers, and even QR codes. This makes it easy for users to find a payment method that suits their needs.

Finally, Naver Pay has a very user-friendly interface that makes it easy to use even for first-time users. In addition, the Naver Pay customer service team is always quick to help resolve any issues that users may experience. For these reasons, it’s no wonder that Naver Pay is one of the most popular payment platforms in South Korea.

According to studies, Naver Pay takes the lead in the most used mobile payment services in South Korea.

Most used mobile payment services in South Korea Dec 2021 - Naver Pay | Inquivix

Why You Should Use Naver Pay?

If you’re looking for a convenient and easy-to-use payment method, look no further than Naver Pay. Whether you’re paying for online purchase or making an in-person purchase, Naver Pay makes it quick and easy to complete your transaction. And unlike other payment methods, Naver Pay doesn’t require you to carry around a physical credit or debit card. Instead, all you need is your phone and the Naver Pay app.

Plus, Naver Pay is accepted at many popular shopping sites and stores, so you can use it for all your shopping needs. In addition to its convenience, Naver Pay also offers stability and additional benefits like cash back and discounts. So if you’re looking for a payment method that offers ease of use and additional benefits, make sure to give Naver Pay a try.

  • Ease of payment – both online and offline
  • Ease of card registration
  • Supports most of the popular shopping sites
  • Service is stable
  • Accepted at many stores

How to Set up a Naver Pay Account?

Naver Pay | Inquivix - Why You Should Use Naver Pay_ _ Bullet Points

Setting up a Naver Pay account is quick and easy, and can be done in a few simple steps. First, create a Naver account if you don’t already have one. Then, verify the account with your identification. Here’s our post on creating a Naver account. 

Once you’ve done that, go to Naver Pay and select a card type or bank name. Next, enter your personal information including your name, nationality, gender, date of birth, phone number, and address. After that, agree to the Terms & Conditions. Finally, enter your bank account number or card details and verify your phone number. Once you’ve completed all of these steps, your Naver Pay account will be set up and ready to use.

What Do You Think About Naver Pay?

Conclusion paragraph: South Korea is a tech-savvy country and that is why Naver Pay is one of the most popular payment gateways. This online payment system was created to make it easier for Koreans to pay for the things they want and need, both online and offline. If you’re doing business in or with South Korea, you should definitely consider using Naver Pay as a way to streamline your transactions. Have you tried Naver Pay yet? Let us know what you think in the comments below!

Would you like to know more about Naver and how to do digital marketing in South Korea? Download our ebook: The Complete Guide to Digital Marketing in South Korea.


Can Foreigners Use Naver Pay?

The simple answer is yes, however, there are a few requirements that must be met. First, you must have a verified Naver account. Second, you must have a Korean bank account. Third, you must have an Android or Apple iOS smartphone. Fourth, you must have phone service from a Korean telecom provider. If you meet all of these requirements, then you should be able to use Naver Pay without any problems. Keep in mind that Naver Pay is not currently available for foreigners who do not live in South Korea.

How to Use Naver Pay to Make Online Payments?

Naver Pay is a safe and convenient way to make online payments in South Korea. To use Naver Pay, simply choose it as your payment method at checkout and then select either your credit or debit card, or Naver points, to pay for the goods or services. Your card will be automatically linked to your Naver account, and the payment will be successfully deducted from your account. It’s as simple as that.