Toss Payments Signs Business Agreement with Mr. Homes to Enhance Transparency in Real Estate Transactions

Introducing Card Payment Systems to Real Estate Transactions

Toss Payments, the electronic payment gateway (PG) subsidiary of Viva Republica, which operates Toss, announced on October 16 that it has signed a business agreement with the franchise real estate brand Mr. Homes to create a transparent real estate transaction environment.

At the headquarters of Toss Payments in Yeoksam-dong, Gangnam-gu, Seoul, Woo Songsu, Head of Business at Toss Payments (from the left), and Go Sangcheol, CEO of Mr. Homes, are taking a commemorative photo at the business agreement ceremony. Toss Payments

The two companies explained that they pursued this collaboration to change the prevalent practice of cash payments in real estate transactions and to establish a transparent payment culture.

Going forward, at approximately 100 Mr. Homes franchise locations, customers will be able to pay brokerage fees by card.

A representative from Toss Payments stated, "Customer trust and transparency are crucial in the real estate brokerage market," adding, "Starting with this collaboration, we will continue to work with various partners to spread payment innovation and foster a healthy transaction ecosystem."

A representative from Mr. Homes commented, "This partnership is an important first step in creating a trustworthy real estate transaction culture for both customers and franchisees," and added, "Together with Toss Payments, we will establish new standards in the brokerage market."