Toss Payments Signs Business Agreement with STL for Purchase-Only Card-Based Payment System

Transition from Cash-Based Settlement to Card-Based Automated System

Toss Payments, the electronic payment gateway (PG) subsidiary of Viva Republica, announced on the 13th that it has signed a business agreement with logistics company STL Starttoday to introduce a payment system based on purchase-only cards.

Toss Payments and STL signed a business agreement on the 12th at the Toss Payments headquarters in Yeoksam-dong, Gangnam-gu, Seoul. From the left, Songsoo Woo, Head of Business at Toss Payments, and Taeyoung Kang, CEO of STL, are posing for a commemorative photo. Toss Payments

The signing ceremony was held the previous day at the Toss Payments headquarters in Yeoksam-dong, Gangnam-gu, Seoul.

Through this agreement, the two companies will convert the existing cash-based settlement structure to a card-based automated system. Partner companies using STL’s logistics services will be able to establish a transparent and efficient settlement environment by issuing purchase-only cards. Accounting automation and improved on-site payment convenience are also expected.

With this agreement, the two companies plan to expand the scope of application beyond domestic logistics to overseas networks as well. Based on STL’s logistics infrastructure, they will gradually promote group-level logistics and payment efficiency, including supporting the operation of Toss Group’s logistics services.

A Toss Payments representative stated, “We will continue to do our best to digitize payment and settlement processes across the logistics industry.”

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