Toss Place Signs Agreement with Gwangju Bank: "Innovating Payment Environment for Small Businesses in Gwangju and Jeonnam"

"Supporting the Revitalization of the Local Economy
with Toss Front and POS Solutions"

Toss Place, a subsidiary of Viva Republica (Toss) that supplies payment terminals and point-of-sale (POS) solutions, announced on the 25th that it has signed a strategic business agreement with Gwangju Bank to support small business owners in the Gwangju and Jeonnam regions and to revitalize the local economy.

At the 'Strategic Business Agreement Ceremony for Supporting Small Business Owners in Gwangju and Jeonnam Regions and Revitalizing the Local Economy' held on the 24th at the Toss Sinnonhyeon Office, from the left, Mi-kyung Byun, Vice President of Digital Headquarters at Gwangju Bank, and Jaeho Choi, CEO of Toss Place, are taking a commemorative photo. Toss Place

The previous day, at the Toss Place Sinnonhyeon Office in Seocho-gu, Seoul, the two companies held a signing ceremony attended by Choi Jaeho, CEO of Toss Place, Byun Mikyung, Vice President of Digital Division at Gwangju Bank, and other key officials.

The agreement was established to create an environment where small business owners in the Gwangju and Jeonnam regions can operate their stores more easily and efficiently. Toss Place plans to provide store operation solutions such as the Toss Front payment terminal and POS systems, while Gwangju Bank will support the digital transformation and competitiveness of small business owners based on its regional financial network. In addition, the two companies will jointly conduct marketing campaigns targeting small business owners.

This agreement is significant in that the region's leading financial institution and a business operator equipped with payment infrastructure have joined forces to lay the foundation for small business owners in Gwangju and Jeonnam to more easily adopt a digital payment environment. The two companies expect not only to improve the payment environment, but also to contribute to enhancing store operation efficiency and customer experience.

Choi Jaeho, CEO of Toss Place, stated, "Small business owners in the region should be able to use the same level of payment environment and operational tools regardless of their location," adding, "Through our collaboration with Gwangju Bank, we will make practical efforts to support the digital transformation and business operations of small business owners in Gwangju and Jeonnam."

Meanwhile, as of this month, Toss Place announced that it has installed Toss Front at more than 370,000 merchants nationwide. The company plans to continue expanding its cooperation to promote the digital transformation of local business districts and to improve the operating environment for small business owners.

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