NHN KCP Signs Agreement with Bungaejangter to Operate "Bungae Money" System

Operation and Fund Management of the Bungae Money System

On September 16, NHN KCP, a comprehensive payment solutions provider, announced that it had signed an agency contract with the recommerce platform Bungaejangter to operate the new prepaid electronic payment system, "Bungae Money."

Exterior view of NHN KCP building in Guro-gu, Seoul. NHN KCP

The company emphasized that through this partnership, NHN KCP's expertise would contribute to building the safe recommerce environment that Bungaejangter aims to provide.

Bungaejangter is launching the Bungae Money service, which offers convenient payment options and various additional benefits. Starting the next day, users who settle transactions with Bungae Money instead of cash after a successful sale will receive an additional 2.5% of their sales amount. The accumulated Bungae Money can be used like cash for any transaction within Bungaejangter.

To celebrate the launch of Bungae Money, Bungaejangter is holding a "100 Won Deal" event. From September 18 to October 1, the event will give participants a chance to win popular items such as Chanel, Dyson, and iPhone, with new products featured daily, all for just 100 won per entry.

During the event, new members will receive 100 won in Bungae Money to participate. Additionally, the first 100 participants each day will receive a Mega Coffee Americano coupon.

The core value of Bungae Money is ensuring the safety of users' funds. In accordance with the Electronic Financial Transactions Act, all Bungae Money deposits are kept separately in an external financial institution.

An NHN KCP representative stated, "By combining NHN KCP's proven expertise with Bungaejangter's vision of a stress-free and safe secondhand marketplace, we will create an environment where users can trade with confidence."

NHN KCP plans to expand its business of providing specialized prepaid payment solutions to a variety of merchants, including franchise businesses, starting with this partnership. The company also intends to broaden its offerings to include prepaid cards, gift cards, mobile coupons, and mobile gift certificates, thereby strengthening its position in the market.

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