NHN's ”Payco” now supports ”Visa contactless payment”, allowing mobile payments overseas - South Korea

NHN Payco, which operates the mobile payment service ``PAYCO'', has introduced ``Visa Token Service (VTS)'', a security technology for cashless payments using U.S. visas.
The company announced that it will now support ``Visa contactless payment,'' which is a Near Field Communication (NFC) payment method. Android smartphone with “Payco Point Card” that also supports overseas payments
Anyone using Payco will be able to make mobile payments through the Payco app. As long as you have the Payco app, you can make payments at retail stores, restaurants, transportation, etc. even overseas. Also,
It is also eligible for overseas usage fee exemption, which is a benefit of the ICO Point Card. Even in South Korea, you can use the same app at any member store that has a terminal dedicated to "Visa contactless payment".
payment is possible. The number of supporting facilities is expanding, including convenience stores, cafes, the airport railway that connects Seoul city and the airport, and major hotels.
VTS used for "Visa contactless payment" uses tokens to process personal information such as card numbers.
. Therefore, it is possible to prevent personal information from being leaked and provide safer payment services. NHN Payco said, ``In line with the rapidly changing payment environment, such as contactless and tap-to-phone, we are introducing ``Payco''.
We have decided to provide payment services through the ``Ico'' app.''