[ad_1]
The Small Business Department and the City of Seoul are looking for joint franchisees to pilot the ZeroPe project (tentative name) starting 29.
ZeroPay is a new payment method provided by private payment providers. Introduced to reduce commissions by the competition. In the settlement process, the intermediate step (NPV) and the credit card company are omitted and a 0% commission is targeted.
In the meantime, the Ministry of Home Affairs and Communication has defined related standards, such as joint risk restrictions for the prevention of inefficiency and duplication, through the participation of various companies through private TF. It will focus on stabilization for rapid dissemination and complement and utilize the common financial network system. The system will be set up by the KFTC by the end of November.
The average commission on small traders was 0.3%. Based on the annual sales of traders, 0% for less than 800 million won, 0.3% for 800-120 million won and 0.5% for more than 1.2 billion won. Other general merchants decide on their own initiative.
The pilot project will be conducted mainly in the Seoul region. A small business owner who wants to become a member can visit the neighborhood office, the residents' center, the facilities, the subway station office, the Seoul Metropolitan Transportation Company, etc. or make a request to the temporary homepage (seoulpay.or.kr).
A small nonprofit organization, the Small Business Business Promotion Group, is recruiting easy-to-use settlement companies (financial, electronic financial companies) to participate in the business. Anyone can participate in the pilot company after hiring the company to participate in the pilot project.
The name of the project, which was promoted "ZeroPay", will be finalized in late November after a public subscription and a survey on preferences.
A mid-term official said: "The issues raised during the business promotion process will be discussed with civilian experts and relevant ministries through the TF between the private and public sectors," he said. .
On the other hand, the industry has predicted that the launch of ZeroPay would be difficult during the year. Recently, medium-term departments have ceased using public QR requirements, the creation of the CPS has been slow and progress in activity has been delayed.
One payment operator said: "The principle of the system of using QR codes is undefined and it only adds to the chaos of the market." "We started to select a company, but the know-how in payment settlement is down.
Park Jung Eun, reporter [email protected], a journalist specializing in the financial sector restructuring industry [email protected]
[ad_2]
Source link
