Naver Pay unveiled the AI-based personalized pension management solution "Npay pension service" on the 23rd
By using the Npay pension service, users can view private pensions, retirement pensions (IRP·DC), and public pensions such as the National Pension all in one place. DB-type retirement pensions can be managed in an integrated way through a manual pension asset entry feature.
Through the peer comparison feature, users can objectively assess their level of retirement preparedness by comparing with top-30% peers in the same age group on expected pension payouts, cumulative valuation amount, average monthly contributions, and investment return.
Npay pension is the first in the industry to offer a personalized pension management solution in the form of message cards using AI and peer user data.
If a user does not hold a private pension product, the service connects to informational content explaining the three-tier pension pyramid of public pension, retirement pension, and private pension.
If the expected payout is lower than the target living expenses or if return volatility is high and a comprehensive portfolio design is needed, the service links users to free consultations with pension experts through partnerships with Woori Bank and Korea Investment & Securities Co.
The Npay pension service can be accessed via "Pension" at the top of the Npay Finance home, "Pension" in the "My asset" section at the bottom, and "MY pension" under asset management in the full menu at the top right.
Cho Jae-bak, Naver Pay CBO (chief business officer), said, "We will enhance the service by leveraging data and AI so users can take an interest in retirement preparations earlier and manage products effectively through Npay pension."