Dongbaekjeon

pmt_dongbaekjeon

Dongbaekjeon is Busan's local-currency payment service, bringing app-managed prepaid spending to registered merchants in the Korean city. Its card and approved QR acceptance focus purchasing power on the local economy, with merchant eligibility tied to the programme's rules.

Users
729K
Markets
1
TPV
$120M
Transactions
5.2M

Estimated Monthly Usage, Aurato Research, October 2026

Historical trends

Capabilities

Initiation & Authentication
Funding & Requirements
Processing & Settlement
Transaction Management
Refunds & Disputes
Additional native capabilities

Markets

Estimated Monthly Usage, Aurato Research, October 2026

PSPs

No PSP implementations have been mapped for this method yet.

Schemes

Compliance

Regulator
Bank of Korea

Standards