Toss Launches Credit Plus Membership... Personalized Credit Score Management

Compensation Benefits for Financial Fraud... Up to 10 Million Won

Viva Republica, the operator of the mobile financial service Toss, announced on the 27th that it has partnered with NICE Information Service to launch a personalized credit management service called ‘Credit Plus.’ The monthly subscription fee is 1,900 KRW.

Credit Plus is a service that provides specific ways to improve credit scores. If a user has multiple loans, it shows how repaying each loan and by how much will affect their credit score. It also allows users to check how much their credit score can improve by managing delinquency records. Additionally, it informs users how many points their credit score will increase based on their use of credit or debit cards.

Subscribers to this service also receive financial fraud compensation benefits. In cases of phishing, hacking, and other incidents, the compensation amount varies depending on the subscription period. The maximum compensation amount is 10 million KRW.

Previously, Toss supported proactive financial management for consumers by launching a free credit score inquiry service in 2017. Within the Toss application, users can check their credit scores based on NICE Information Service and Korea Credit Bureau (KCB) standards and easily apply for credit score improvements. As of this month, the cumulative number of users of this service has exceeded 24.5 million.

A Toss representative stated, “The unique feature of Credit Plus is that it shows personalized and specific ways to increase credit scores.” They added, “We will continue to closely collaborate with NICE Information Service to ensure Toss users can manage their credit scores easily and accurately.”

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