KFTC Easy Pay

South Korea’s unified digital payment infrastructure connecting banks, fintechs, and consumers

Overview

KFTC Easy Payment is an interoperable payment framework developed by the Korea Financial Telecommunications & Clearings Institute (KFTC). It standardizes digital payment connections across banks, fintechs, and merchants, enabling seamless transactions through various mobile apps and online platforms. The system simplifies how Koreans pay — providing a consistent, secure, and interoperable foundation for bank-based digital payments nationwide

Key Services / Solutions

KFTC Easy Payment allows users to make online and offline payments directly from their bank accounts using mobile authentication  It supports QR code payments, app-to-app transactions, and e-commerce checkouts across participating financial institutions  The framework also underpins popular digital payment apps and ensures interoperability between banks, fintechs, and payment service providers

Supported Payment Methods

Bank-linked mobile payments through participating apps

QR code and barcode payments at retail and online merchants

Integration with BankPay, Payco, and other digital payment ecosystems

Target Markets / Regions

KFTC Easy Payment is used exclusively in South Korea and connects all major financial institutions  It forms the backbone of the country’s digital payments landscape, facilitating billions of secure transactions annually across consumer and business segments

Strengths / Differentiators

Nationally unified payment framework connecting banks and fintechs

Seamless interoperability between multiple payment apps

Strong security and regulatory oversight from KFTC

Scalable infrastructure supporting Korea’s digital payment growth

Want to know more about KFTC Easy Pay?
Contact Bizz2Pay today to discuss your requirements or get introduced to the right KFTC Easy Pay team member or Payment Provider accepting KFTC Easy Pay