Naver Pay announced on the 20th that it has launched the 'Npay Money Our Bank Account' in collaboration with Woori Bank.
'Npay Money Our Bank Account' is a demand deposit product that allows customers to deposit 'Npay Money', a prepaid balance, into Woori Bank to earn a revenue of up to 4% and receive up to 3% points on payments. It was designated as an innovative financial service by the Financial Services Commission last September.
This product offers a 4% annual interest rate for the first 200,000 accounts opened within six months of its launch, with deposits capped at 2 million won. Additionally, if 'Npay Money' deposited in this account is used for online payments, it can earn up to 3% in points.
In particular, if one is a member of Naver Plus, they can earn up to 7% in points, and also earn four times the points for offline payments, providing substantial benefits for both online and offline transactions.
The first 200,000 people to open the account can join the 'Npay Our Savings' product, which offers a partnership savings plan with a 4.5% (pre-tax) interest rate. This product allows for savings with a six-month term where deposits of at least 1,000 won can be made weekly, up to a maximum of 300,000 won per month. There is also an attendance event that rewards Npay points for weekly deposits, with up to seven Starbucks Americano coupons available.
Until September 30, an immediate 5,000 points will be awarded upon opening the 'Npay Money Our Bank Account'. After the account is opened, if one selects 'Apply for Points' on a separate event page accessible from the 'Npay Money' transaction details, and makes payments of over 50,000 won with this product by October 10, an additional 5,000 points will be awarded.
For detailed information about product registration and events, customers can search for 'Npay Money Our Bank Account' on Naver, or use the search bar at the top of the financial tab on the Npay app to search for 'Npay Money Our Bank Account' or click the 'iKON' icon.
An official from Npay noted, "To celebrate the launch of the 'Npay Money Our Bank Account', we have prepared various benefits in addition to the maximum 4% interest and 3% points after registration," and added, "We will continue to expand services so that users can effectively manage 'Npay Money' and receive more benefits."