Naver Pay announced on the 23rd that it will launch the 'Npay Money Woori Bank Account' in the third quarter, which safely stores Npay prepaid funds in collaboration with Woori Bank and offers double benefits including interest and points accumulation, while beginning the application for launch notifications.
The 'Npay Money Woori Bank Account' allows customers to deposit Npay Money, which is a prepaid fund, to receive interest of up to 4%, and it is possible to directly pay with Npay Money from the account without additional recharging, offering a maximum of 3% points accumulation benefit. It was designated as an innovative financial service by the Financial Services Commission last September. The Npay Money deposited in this account will be stored as deposits at Woori Bank, ensuring depositor protection.
This product is set to be launched in the third quarter, with a limited sale of up to 750,000 accounts, and notifications can be received via the Naver app on the day of launch. After opening the account, if it is registered as an Npay easy payment account and linked to the money, an annual interest rate of 3.0% (before tax) will be automatically applied up to 2 million won. The first 300,000 people who sign up within six months from the launch date will be given a preferential interest rate of an additional 1.0% per annum for one year from the date of registration, providing a total annual interest benefit of 4.0% (before tax) up to 2 million won.
When making Npay payments with this product, customers can enjoy a maximum of 3% accumulation benefits online, while using it for offline payments will earn double random points through point lotteries.
Moreover, the first 200,000 people who sign up for the account can join the 'Npay Woori Savings Account,' which offers a partnership savings with an annual interest rate of 4.5% (before tax). An attendance event will be held, paying out Npay points for weekly deposits, and customers can earn up to 7 cups of Starbucks Americano coupons. This product is a savings product requiring weekly deposits for 24 weeks with a maturity of 6 months, allowing deposits of over 1,000 won each week, and a maximum of 300,000 won per month.
The launch notification application page for the 'Npay Money Woori Bank Account' can be found by searching for 'Npay Money Woori Bank Account' on Naver, and it can also be checked by searching for 'Npay Money Woori Bank Account' in the search box at the top of the finance tab in the Npay app or by clicking the 'money' icon.
A Naver Pay representative said, 'The 'Npay Money Woori Bank Account' is an innovative financial product that offers the highest level of bank deposit rates in the industry and points accumulation simultaneously.' They added, 'A variety of additional promotions will be prepared alongside the official launch in the third quarter, so we would appreciate your interest.'