NAVER Pay Nabs 3 Awards in Google Play’s Best Apps of 2022
NAVER Pay Nabs 3 Awards in Google Play’s Best Apps of 2022
- NAVER Pay wins three categories (Users’ Choice, Best Everyday Essentials, Best for Wear) in Google Play’s Best of 2022
- The NAVER Pay app for mobile and watch gains enthusiastic response from existing users, resulting in 19 million cumulative on-site payment transactions
- CEO Park Sang-jin: “NAVER Pay will become the most widely used daily finance app”
December 2, 2022
NAVER FINANCIAL’s (CEO Park Sang-jin) simple payment service “NAVER Pay” was recognized in Google Play’s Best Apps of 2022 under three categories, bagging the top prize in “Best Everyday Essentials” and an honorable mention for “Best for Wear.”
Released in August 2021, NAVER Pay specializes in on-site payments and offers other services, including automatic accumulation of membership points for about 50 membership types; integrated budgeting for checking and savings accounts, investments, and credit cards; unlimited free money transfers; and NAVER Order. In June, the NAVER Pay watch app was released, allowing on-site payments through smartwatches.
After the launch of a separate app for NAVER Pay, its usage boomed further. Currently, the cumulative number of on-site payment transactions made via the NAVER Pay app for mobile and watch amounts to 19 million. NAVER Pay app users also make on-site payments twice as often and transfer money 30% more frequently than NAVER Pay users on the NAVER app. Notably, about 73% of all users use the NAVER Pay app for mobile and watch’s on-site payment feature.
In particular, the NAVER Pay watch app, specialized for on-site transactions to be used for offline payments, was one of the most requested services by users after NAVER Pay’s release. With a high adoption rate of smartwatches among the young generation, the app is also receiving enthusiastic responses from the young generation with approximately 44% of its user base being in their 20s.
NAVER FINANCIAL CEO Park Sang-jin said, “It is an honor to be recognized in ‘Google Play’s Best of 2022,’ particularly in the User’s Choice category, which is based on users’ votes. NAVER Pay will continue to offer unique experiences and benefits exclusive to the app, such as on-site payments, budget management, money transfers, and purchases, and become the most widely used daily finance app.”
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