On the 1st, the fintech corporation Hecto Financial announced that it has been finally selected as the payment gateway (PG) agency for the online sale of sports promotion voting rights (Sports Toto) and will officially commence the payment service for the internet sales system.
The Sports Toto business aims to generate funds necessary for promoting leisure sports among the public and sports promotion, predicting the results of various sports events and contributing to a enjoyable sports viewing culture. The annual issuance amount is about 6 trillion won, of which the purchase amount through online means is approximately 630 billion won.
Hecto Financial recorded the highest evaluation score in the public bidding for the 'online sale payment service (PG) agency selection business' for sports promotion voting rights, was selected as the preferred negotiation target, and concluded the main contract last April after finishing detailed negotiations. Accordingly, Hecto Financial will supply payment services related to Sports Toto purchases through the internet sales system for a total of three years until June 2028.
Hecto Financial plans to contribute to the development of Korean sports by fostering a healthy gaming culture through the provision of a stable online payment service in the future.
A representative of Hecto Financial noted, "Based on the business capabilities of supplying various customized payment systems and the know-how for stable service operation over the past 20 years, we will do our utmost to provide Sports Toto online payment services."