Starting on the 18th, if you register a paper Lotto ticket with the easy-payment app (Payco), the app will tell you whether it won and deposit the prize money automatically. The Lottery Commission of the Ministry of Planning and Budget said on the 11th that it will improve the system, including introducing automatic payment of unclaimed prize money.

People line up to buy lottery tickets at a lottery shop in Nowon-gu, Seoul, on the 24th. /Courtesy of News1

Until now, buyers of physical lottery tickets had to check on their own whether they won and then go to a bank to collect the prize. The reason was the need to verify the buyer. If it is not collected within the one-year statute of limitations, it is recovered to the fund. As of the end of last year, unclaimed prize money accumulated in this way reached 58.1 billion won.

According to the Lottery Commission, after purchasing a physical ticket, you can scan the QR code with Payco to register it and find out whether it won. Also, on the day before the statute of limitations is complete, you can receive unclaimed prize money automatically as app points or to a linked account.

In addition, real-time business information for more than 9,500 Lotto retailers nationwide will be available on Naver Map and Kakao Map.

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