TossPlace Surpasses 100,000 Merchants Two Years After Device Launch

Cumulative Payment Transactions Reach 260 Million... Total Payment Amount Hits 7.7 Trillion KRW
"Market Share in New Merchant Acquisition Surpasses 25%"

Toss Place, a subsidiary of Viva Republica that supplies payment terminals and POS solutions, announced on the 24th that the number of merchants using its payment terminals has surpassed 100,000. This milestone comes two years after the launch of the Toss terminal.

In March 2023, Toss Place entered the offline payment market by launching the Toss terminal, which consists of Toss Front and Toss Terminal, along with the dedicated software Toss POS. Within one year of its launch, it secured 30,000 merchants. Recently, it has been adding more than 8,000 merchants every month.

The company explained that, estimating the domestic new merchant recruitment market at an average of 30,000 per month, its market share exceeded 25%. The cumulative number of payment transactions reached 260 million, with a total payment amount of 7.7 trillion KRW.

Toss Place has shifted the payment terminal market focus from manufacturers and distributors to small business owners. It supports not only payments but also efficient store management. In addition to basic payment functions supporting all payment methods, it has increased merchant-customized features such as 'Kiosk Mode,' 'Toss Table Order,' and the 'Toss POS Mobile App.' Through these, small business owners can operate their stores more easily and improve customer service efficiently.

Kiosk Mode enables self-ordering functionality using only the Toss terminal, reducing additional cost burdens for small business owners. With Toss Table Order, customers can check the menu via QR code and place orders and payments all at once. This increases store turnover and saves labor costs.

The Toss POS Mobile App allows merchants to check sales in real time and manage order and payment data, enhancing store operation convenience.

The most common merchant type using Toss terminals was restaurants at 48%, followed by cafes (20%) and beauty shops (19%). Adoption of Toss terminals is also increasing in academies, sports facilities, and other sectors.

A Toss Place representative said, "The fact that 100,000 merchants have used Toss terminals within two years of launch means that small business owners are feeling the changes in the payment terminal market. We will continue to introduce various solutions that increase sales and improve store operation efficiency to become a reliable partner for small business owners."