11st Launches 'Prepaid Recharge Payment' Service Linked with SK Pay

[Asia Economy Reporter Cha Min-young] 11st's simple payment service 'SK Pay' announced on the 17th that it has launched a prepaid charging payment service linked to bank accounts called 'SK Pay Money.'

SK Pay Money is a payment service that links with 18 major bank accounts and allows users to charge SK Pay Money through real-time account transfers. Users can freely charge from a minimum of 10,000 KRW in units of 10,000 KRW, with a maximum charging amount and holding limit of up to 2 million KRW. It can be easily charged through the SK Pay app or the 11st app by managing payment methods.

The charged amount can be checked in real-time on 11st, making it convenient to use like cash when making payments. If the charged balance is insufficient at the time of payment, it automatically charges in units of 10,000 KRW. Alternatively, users can set the charging amount themselves through the account-linked charging method. Users can receive a cash income deduction benefit equivalent to the amount used during year-end tax settlement.

As a launch promotion, when paying with SK Pay Money on 11st, users earn 1% SK Pay points. The maximum is 20,000 points per month. If you add the existing 2% accumulation benefit for 11st VIP grade and an additional 2% benefit for All Prime members, you can accumulate up to 5% of the 11st payment amount in SK Pay points.

Park Jun-young, head of the 11st Strategic Business Group, said, “With the addition of prepaid charging payment to 11st's SK Pay, we have introduced a complete simple payment service that offers all possible payment methods,” and added, “We will prioritize efforts to provide the most convenient and stable payment environment both online and offline, as well as in the service itself.”

This content was produced with the assistance of AI translation services.