iM Bank Now Accepts Npay Connect Applications at All Branches

On January 14, iM Bank announced its plan to collaborate with Naver Pay to provide Npay Connect terminals to merchant payment account customers. Through this initiative, the company aims to significantly reduce the initial cost burden associated with transitioning the payment environment and usage process for both existing and new merchants.

This service is being launched as part of the strategic business agreement (MOU) signed last year between the two companies to drive digital innovation in small business payments and local currency. Merchants can apply for the service directly through iM Bank.

Npay's "Npay Connect" is an integrated offline terminal that supports not only standard card payments and Npay easy payments, but also QR and barcode payments, facial recognition payments, and all other payment methods including Samsung Pay and Apple Pay. Notably, it can be connected to existing POS or payment terminals without the need for a dedicated POS replacement. In addition to payment, it also provides features such as review submission, coupon issuance, and point accumulation. In the future, the service plans to support targeted marketing and CRM (customer relationship management) functions, including data-driven personalized benefits for customers.

Merchants who wish to use the service can visit any iM Bank branch nationwide to apply. Customers who newly open a payment account with iM Bank or switch from another bank can apply after completing the relevant payment account procedures, and existing merchant payment account users are also eligible. The application is submitted directly via the merchant's smartphone using a dedicated QR code, and after the application, Npay will handle consultation, installation, and terminal management work.

An iM Bank representative stated, "Last year, iM Bank signed a business agreement with Npay and has been expanding payment infrastructure through collaboration with big tech. This project is a real-world application of that agreement, aiming to enhance convenience for financial consumers." The representative added, "We will continue to expand offline local currency payments for consumers and provide small businesses with a variety of payment environment options, establishing this as an innovative example of payment services and delivering even greater benefits."