BC Card launches payment platform 'Pay-Z'... "Use card payments in SNS markets"

1-Person Market, Commerce Platform for Small Business Owners
Provides Same Services as Existing Online Commerce Platforms
Payment Available via Link and QR Code

[Asia Economy Reporter Ki Ha-young] BC Card announced on the 16th that it has launched 'Pay-Z,' a platform that supports payment by card for products that were mainly traded in cash on social networking services (SNS) and other channels.

Pay-Z is a service that allows easy and convenient payment on channels mainly used by Generation Z, embodying the concept of a simple payment platform tailored for Generation Z.

Pay-Z not only provides the same functions as existing commerce platforms such as product registration, order, inventory, delivery, and performance management, but also integrates the online payment service area previously provided through PG companies and VAN companies. Through this, sellers can minimize fixed costs related to shopping mall management and payment services, and increase the price competitiveness of products sold to customers.

The process of selling and purchasing products through SNS has also become simpler. Sellers register their products on Pay-Z, click the button to generate payment links and QR codes, and then post the generated payment link or QR code on the desired sales channel posts such as SNS, enabling them to sell the products. When buyers click the seller’s payment link or QR code, they are directed to the product information registered on Pay-Z and can safely purchase the product using their registered card.

Currently, Pay-Z allows registration and use of all cards issued by BC Card, and plans to integrate systems to allow registration of cards from other card companies in the future. Additionally, it plans to promote inter-country network partnerships so that overseas cardholders can make payments at domestic shopping malls, and domestic customers can also pay through Pay-Z in countries such as Indonesia and Vietnam.

A service launch commemorative event will also be held. On the 17th of this month, a live broadcast hosted by the popular TikTok influencer 'On Oppa' will offer a special sale of 250 units each of AirPods Pro and AirPods 3rd generation models, totaling 500 AirPods. The offer is available to the first 500 customers who pay with Pay-Z, and anyone who pays with Pay-Z can participate.

Lee Ki-taek, head of the Pay-Z team at BC Card, said, "With the expansion of one-person markets on SNS, we planned this service to provide convenient commerce services to MZ generation (Millennials + Generation Z) customers. We will lower the entry barriers for small business owners to online sales with low fees and expand it into a global service that can also sell to foreigners."

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