Intromedic and Danal Promote Building Cyworld Payment System 'CyPay'

[Asia Economy Reporter Hyungsoo Park] Intromedic announced on the 30th that it will officially proceed with the establishment of the CyPay (CYPAY), a dedicated simple payment service for Danal and CyworldZ.

Intromedic, a major investor in CyworldZ, is responsible for developing CyPay, a payment service dedicated to the Cyworld platform, and operating the CyPay service.

Intromedic and Danal stated that their goal is to maximize user convenience by introducing CyPay, optimized for a platform that allows the use of various payment methods along with Cyworld's unique payment method, Dotori. Cyworld users are expected to be able to use payment services within CyworldZ more easily through CyPay.

CyPay also supports Bitcoin (BTC) payments due to the diversification of payment methods. It is expected to become a payment service that can be used not only for Cyworld's planned online services but also at offline affiliated stores in the future.

An Intromedic official said, "CyPay will be used in various services within Cyworld, including the commerce business that CyworldZ is promoting with large distribution companies," and added, "Cyworld has also agreed to actively collaborate to ensure the smooth establishment of the CyPay service."

In August, Danal formed a strategic partnership with CyworldZ and decided to link payment methods such as credit cards, mobile payments, account transfers, and the virtual asset Paycoin (PCI) used in the Cyworld payment system. CyworldZ is striving to expand new distribution and content services within Cyworld through business agreements with GS Retail, Hancom, and others.

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