Toss Pay
Toss Pay is a mobile financial service app based in South Korea. Launched in 2015 by Viva Republica, a South Korean fintech startup, and initially focused on P2P money transfers, Toss Pay now provides over 40 financial services such as money transfers, loans, stock trading, credit score viewing, and investments. Toss Pay has received multiple rounds of investment from a host of domestic and international institutions, which has cemented it's status as the leading fintech unicorn in the South Korean Market.
Toss Pay wallet allows users to link locally-issued bank cards, and almost any local bank account in South Korea. Toss Pay has reached 22 million registered users and 14 million monthly active users, making it the third largest digital wallet.
Properties
The properties of the Toss Pay are shown in the following table:
Payment type | Alipay+ payment method | ||
Funding source | Wallet balance, Points, BNPL, Bank account, Cards | ||
Acquirer | AlipaySG, AlipayEU, AlipayUS, AlipayUK | Merchant entity location | SG, AU, HK, EU, US, UK |
Payment flow | Redirect | Refund | ✔️ |
Buyer country/region | South Korea | Partial refund | ✔️ |
| Time to return payment result | Real-time | Chargeback/Dispute | ❌ |
Processing currency | KRW | Refund period | 365 days |
Minimum payment amount | 100 KRW | ||
Maximum payment amount |
| ||
User experience
Note: The following payment flows on different terminals are reference only, and represent this payment method's flow on different terminal types. For supported merchants' terminal types, consult Antom Technical Support.
The following graphics show the journey of paying with Toss Pay: