Toss Signs Agreement with Korea Minting and Security Printing Corporation to Cooperate on Blockchain Payment Infrastructure

Collaboration on Payment Infrastructure Integration
Joint Discovery of Personalized Services

On April 23, Toss announced that it had signed a strategic business agreement with the Korea Minting and Security Printing Corporation, agreeing to cooperate in building a blockchain-based payment infrastructure.

At the memorandum of understanding ceremony between Toss and the Korea Minting and Security Printing Corporation held at the Toss Sinnonhyeon Office in Seocho-dong, Seoul, from the left, Lee Seung-geun, CEO of Toss, and Sung Chang-hoon, President of the Korea Minting and Security Printing Corporation, are posing for a commemorative photo. Toss

The signing ceremony was held the previous day at the Toss Sinnonhyeon Office in Seocho-dong, Seoul, and was attended by Seunggun Lee, CEO of Toss, Woosung Hwang, Head of Division, Changhoon Sung, President of the Korea Minting and Security Printing Corporation, and Jooyeol Park, Head of Division, as well as other key executives from both companies.

The purpose of the agreement is to enhance the convenience of digital payments and jointly promote the introduction and integration of blockchain-based payment infrastructure.

The two companies plan to first connect their payment infrastructures to improve the user payment experience and to jointly review the potential application of new payment methods. They aim to go beyond simply pursuing system integration tasks by expanding cooperation to include the discovery of new payment models and infrastructure development.

This partnership connects private fintech with public payment infrastructure. As of July last year, Toss had accumulated 30 million registered users and has provided services such as easy money transfers, credit checks, and currency exchange. The Korea Minting and Security Printing Corporation has been operating public payment infrastructure, including local currency for 83 local governments and the digital Onnuri voucher project. Both parties plan to link their user bases and payment infrastructures to expand the digital payment environment.

In the mid- to long-term, they will also jointly pursue pilot projects utilizing token-based payment methods such as deposit tokens and stablecoins. They intend to verify the feasibility of these methods in real payment environments and expand into more personalized payment services for users. Through this, their goal is to lay the foundation for public-private collaboration to play a leading role in the next-generation digital currency ecosystem.

A Toss official stated, "This agreement will serve as an opportunity to both advance payment infrastructure and confirm the potential of new payment methods," adding, "We will continue working together to create more convenient and scalable payment experiences for users."

A representative from the Korea Minting and Security Printing Corporation commented, "We believe this will provide an opportunity to utilize public payment methods such as local currency and Onnuri vouchers in more diverse environments," and added, "We will continue to improve so that users can naturally use these services in their daily payment processes."

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