Express Bank Transfer

Express Bank Transfer, emerged as a new bank transfer product known locally in South Korea as "퀵계좌결제,". It represents a significant improvement over traditional bank transfers, which often have frequent page redirections and complicated payment steps that contribute to high transaction abandonment and a low success rate.

In response to these challenges, and driven by South Korea's supportive open banking policy, Express Bank Transfer has been developed to streamline the payment process. After the initial setup where the user binds their bank account during the first-time payments, subsequent payments can be completed in just two steps. This not only enhances the user experience but also increases the payment success rate by 20% over traditional bank transfers.