Users
492KSK pay |
|---|
Loading...
SK pay became 11pay in January 2024, continuing 11st's South Korean payment service under a new name. Registered cards, bank accounts, prepaid money and mobile billing fund supported online and store purchases, with barcode or compatible NFC checkout and linked T Membership benefits.
Use cases:
Channels:
Initiation:
Markets
1TPV
$38MTransactions
2.1MEstimated Monthly Usage, Aurato Research, November 2026
Capabilities
Customers can initiate payments with barcodes or payment codes; funding can come from bank accounts, stored balances and payment cards. Customers need an account with the app or wallet. Online and in-person payments are supported.
Markets
Schemes
PSPs
No PSP implementations have been mapped for this method yet.
Compliance
Regulator
Bank of Korea
