More Payment Methods

Korean Domestic cards

Local Card

Integrate Korean local cards (including credit and debit cards) to allow consumers to make payments using one of 23 supported South Korean banks. Consumers can choose to pay for e-commerce purchases with their choice of local card connected to their bank account or credit card using a familiar QR code.

Korean Domestic cards

Features

  • Coverage Area
    Customer
    South Korea
    Merchant
    Global
  • Channel
    Online
  • Currency
    Consumer Currency
    KRW
    Processing Currency
    KRW
    Settlement Currency
    USD
  • Transaction
    Minimum Limit
    KRW 100
    Maximum Limit
    undefined customer card limit
    Payment Timeout
    30 minutes
  • Feature
    Scheduled Payment
    no
    One-click Payment
    no
    Refunds
    yes
    Partial Refunds
    yes
    Multiple Partial Refunds
    yes
    Payment Guarantee
    yes
    Refund Risk
    yes

Why ChooseKorean Domestic cards？

  • In 2021, debit card transaction value increased to 212 trillion South Korean won (EUR 153 billion), up by 14 trillion compared to 2020 (Statista).

    In 2021, debit card transaction value increased to 212 trillion South Korean won (EUR 153 billion), up by 14 trillion compared to 2020 (Statista).

  • 28% of Korean cards in circulation are local cards not associated or co-branded with global card schemes (PPRO Almanac).

    28% of Korean cards in circulation are local cards not associated or co-branded with global card schemes (PPRO Almanac).

  • With around 6.3 cards per adult by the end of 2021, the country boasts one of the world's highest card penetration rates (Argus Advisory).

    With around 6.3 cards per adult by the end of 2021, the country boasts one of the world's highest card penetration rates (Argus Advisory).

How It Works?

  • At checkout, the consumer opts to pay with a Korean domestic card.
    Merchant

    01

    At checkout, the consumer opts to pay with a Korean domestic card.

  • The consumer is redirected to a Toss HPP, displaying a list of card issuers. The consumer selects their card issuer.
    Payment Methods

    02

    The consumer is redirected to a Toss HPP, displaying a list of card issuers. The consumer selects their card issuer.

  • The consumer is redirected to the card issuer page. The consumer enters their details on-screen or via their mobile app.
    Payment Methods

    03

    The consumer is redirected to the card issuer page. The consumer enters their details on-screen or via their mobile app.

  • The consumer authenticates their payment and clicks payment completed on the bank page in the browser.
    Customer Device

    04

    The consumer authenticates their payment and clicks payment completed on the bank page in the browser.

  • The consumer is redirected to the merchant and a confirmation message appears.
    Merchant

    05

    The consumer is redirected to the merchant and a confirmation message appears.

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