Socar Launches Its Own Simple Payment Service 'SocarPay'

Socar announced on the 31st that it will launch its own simple payment service, 'SocarPay.' Socar members can register their bank accounts or credit cards as payment methods in the Socar app without any additional sign-up process, allowing them to use Socar more quickly and easily.

Using Socar with SocarPay offers various discounts and rewards. Upon linking an account to SocarPay, users receive 5,000 credits for their first payment. Every time SocarPay is used with a linked account, 5% of the payment amount (rental fee, vehicle damage waiver product, call service fee) is accumulated as credits. Credits can be used like cash within Socar, with no restrictions on the number of accumulations or limits. SocarPay rewards can be combined with 'Passport,' allowing Passport members to earn up to 10% credits every time they use Socar.

SocarPay can be used not only for car sharing but also for all services available on the Socar platform, including KTX and accommodations. Socar plans to expand SocarPay payment coverage to shared electric bicycles 'Elecle' and the online parking platform 'Modu-ui Juchajang,' while also growing SocarPay into a financial platform beyond a simple payment system through partnerships with external financial companies.

Jaeuk Park, CEO of Socar, said, “With the introduction of SocarPay, we can provide an easier and more convenient user experience while offering more benefits. We will strive to ensure that every journey taken with Socar offers a more reasonable and convenient service.”

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