Danggeun Pay, 'Remittance' Grows Threefold in the Last 6 Months

Service Continuously Expanded Since Launch in February Last Year

[Asia Economy Reporter Kim Cheol-hyun] Danggeun Market announced on the 21st that its local-based simple payment and remittance service 'Danggeun Pay' has seen both cumulative remittance amount and number of remittance transactions increase threefold over the past six months.

Danggeun Pay, which launched nationwide service in February last year, recorded a vertical rise in cumulative remittance amount and number of remittance transactions by 60 times and 65 times respectively as of February this year compared to February last year. The number of users is also continuously increasing. Based on Danggeun Market's monthly active users (MAU) of 18 million, one in four users is using Danggeun Pay. The cumulative number of subscribers has shown steady growth and is currently approaching 5 million.

This year, Danggeun Pay plans to focus on expanding infrastructure to create a safer transaction environment by collecting user feedback during its one year of operation. The service will support organic connections between services, expanding the payment scope not only for secondhand transactions but also across lifestyle-oriented services, thereby enhancing convenience.

Ahn Jung-hyun, Vice President of Danggeun Pay, said, "Danggeun Pay has established itself as a fintech service that enhances user convenience and revitalizes the local economy over the past year," adding, "This year, we will continue to grow as an innovative service that makes online finance more convenient."