Anna Jiwon Park has been covering the politics at The Korea Times since the summer of 2024, when she joined the press pool for the Office of the President in Korea. Prior to that, she spent about five years reporting extensively on financial markets, regulatory authorities and the financial industry. She joined The Korea Times in 2019 after spending eight years as a broadcast journalist at Arirang TV, Korea’s leading global broadcaster, covering politics, defense and culture.
Naver Pay expands to 65 countries, regions with UnionPay partnership
A promotional image for Naver Pay / Courtesy of Naver Pay
By Anna J. Park
Naver Pay's QR code payment has now become available at offline stores in 65 countries and regions around the world.
The mobile payment company announced Thursday that the partnership with UnionPay has added 23 new countries, including Canada, Indonesia, Turkey and New Zealand, to Naver Pay's overseas service areas.
The tech firm's mobile payment subsidiary has been expanding its overseas availability aggressively since September, forming partnerships with Alipay+ and UnionPay.
Naver Pay users can easily make payments with merchants using Alipay+ or UnionPay services in various countries via the Naver Pay app.
Using the mobile application, Naver Pay customers can pay with the money or points held by the users' preregistered domestic accounts without having to exchange money into foreign currencies.
"We hope Naver Pay will position itself as a must-have service for domestic travelers who go abroad,” an official from Naver Pay said.
Marking the partnership with UnionPay, Naver Pay is carrying out various promotional events for payments used in Japan until the end of this year. Japan is one of the favorite overseas destinations of Korean travelers.