KFTC: "Pay Newspaper and Gas Bills Conveniently with QR Codes"

Mobile Giro application screen scanning the Giro payment slip QR code. Photo by Korea Financial Telecommunications and Clearings Institute

[Asia Economy Reporter Song Seung-seop] The Korea Financial Telecommunications and Clearings Institute (KFTC) announced on the 24th that it has expanded the types of everyday utility bills that can be paid using QR codes.

Everyday utility bills refer to various taxes including local taxes, electricity bills, and communication fees. With this expansion, over 5,000 general giro payment institutions with electronic payment numbers, such as newspaper, gas bills, and donations, can now accept payments via QR codes.

The KFTC explained that instead of entering the electronic payment number, users can simply scan the QR code to automatically retrieve the information, making it more convenient. From the perspective of the billing institutions, this also enables smoother payment collection.

The KFTC emphasized, "In the context of increasing non-face-to-face payments due to COVID-19, we will continue to expand the range of bills payable via QR codes to enhance payment convenience," and added, "We plan to support general giro payment institutions that collect everyday utility bills to ensure smooth payment collection."

This content was produced with the assistance of AI translation services.