Paycoin(PCI), a subsidiary of Danal, the integrated payment business has signed an alliance with Shinsegae Group’s simple payment platform SSG Pay on Wednesday for payment services.
Through the partnership, subscribers of the Pay-Protocol Wallet app will be able to convert their own PCIs into SSG money so that they can use them like cash at online and offline merchants of SSG Pay, including Shinsegae Group affiliates such as E-Mart, Shinsegae Department Store, Starfield, Starbucks and Shinsegae Premium Outlets across the country. This has resulted in a significant increase in the number of users of PCIs.
The way to convert PCI into SSG money is simple. Through Paycoin Switching menu within SSG Pay app, PCI instantly switched to SSG money and used freely.
“In commemoration of this partnership, we will carry out continuous and diverse promotions such as providing reward benefits to customers who convert Paycoin into SSG money,” a Paycoin official said. “We will make efforts to provide users with a more convenient and smart payment experience by steadily expanding our Paycoin franchise through more brand partnerships.”
Meanwhile, Paycoin has a payment service partnership with Kyobo Bookstore, 7-Eleven, Domino’s Pizza, BBQ Chicken, KFC, Item Mania and Dal komm Coffee, and is currently available at about 15,000 online and offline franchises.
Paycoin is holding various promotions to activate its use and 50% Payback event for customers who purchase Ferrerooche through PCI at 7-Eleven until Feb 14 to mark Valentine’s Day.
In addition, Kyobo Bookstore and HotTracks will hold Paycoin payment events until the 21st, which will provide up to 50 percent of the payment amount when purchased through PCI.