Gyeongnam Province to Offer 10% Refund on 'Zero Pay Direct Payment'
Monthly Limit Up to 20,000 KRW
[Asia Economy Yeongnam Reporting Headquarters Reporter Kang Woo-kwon] Gyeongnam Province is conducting a 'Zero Pay Direct Payment Refund Event' to ease the burden on small business owners and self-employed individuals struggling due to the prolonged COVID-19 pandemic and to revitalize the local commercial districts.
The main content of this planned event is that when using 'direct payment' instead of prepaid gift certificates at Zero Pay affiliated stores in the province, 10% of the payment amount (up to 20,000 KRW per month) will be refunded.
The event is scheduled to run from October 5 to November 5, but may end early if the budget is exhausted. Refunds will be paid to the Zero Pay payment account within one month from the end date, and some payment apps such as Check Pay will provide refunds as points.
The province expects that through this event, it can provide consumers with benefits equivalent to gift certificates without expanding the issuance scale of the Gyeongnam Love Gift Certificate, thereby improving the perception that Zero Pay has been recognized as a mobile gift certificate issued by the province and city/county governments.
'Zero Pay' is a mobile simple payment system jointly created by the Ministry of SMEs and Startups, Gyeongnam Province, Seoul City, and other local governments to enable payments without going through card companies, addressing the disadvantage that card payment fees can worsen the profit structure of small business owners.
Small business owners or self-employed individuals who wish to join Zero Pay can easily apply online through the Korea Simple Payment Promotion Agency website, and can also apply at nearby administrative welfare centers, NongHyup, or Gyeongnam Bank.
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Kim Ki-young, Director of the Job and Economy Bureau of the province, said, “If you are going to spend anyway, we ask you to use contactless Zero Pay payments rather than cards,” and added, “We will continue to make efforts to revitalize alleyway commercial districts and the local economy.”
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