The wallet of Naver, Korea’s largest portal, usable online and via QR in store, with generous points and deep integration into Naver shopping, booking and maps.
!Not a bank. Naver Pay operates as an electronic payment / e-money service registered with South Korea’s Financial Services Commission; balances are not deposits; wallet balances are e-money / stored value, NOT deposits, and are outside deposit-insurance protection. Funds are safeguarded in segregated / trust accounts under the applicable rules, not covered by any deposit guarantee scheme.
Limited. You need a Korean mobile number and an Alien Registration Card (ARC) for verification, plus usually a Korean bank account. Short-stay visitors without an ARC cannot register.
No mandatory minimum; auto-charge from a linked account is available｜Payments and transfers are usually free; some withdrawals and merchant receipts are charged per in-app notices.
Limits depend on verification tier and account linking; unverified caps are very low. Check the app. Balances are not deposits and are not deposit-insured.
Limited. You need a Korean mobile number and an Alien Registration Card (ARC) for verification, plus usually a Korean bank account. Short-stay visitors without an ARC cannot register.
Local bank account: Usually required — you link a Korean bank account or a Korea-issued card. Items typically needed: A Korean mobile number; Alien Registration Card (ARC); A Korean bank account or Korea-issued card; A Naver account.
Typically: A Korean mobile number; Alien Registration Card (ARC); A Korean bank account or Korea-issued card; A Naver account.
How to sign up: Fully online — register with a Korean number and verify with an ARC (About 10–20 minutes; verification usually same-day). Steps: 1) Create a Naver account and open Naver Pay 2) Verify your Korean mobile number 3) Upload your ARC for identity verification 4) Link a Korean bank account or card 5) You can then pay online and in store Fees: Payments and transfers are usually free; some withdrawals and merchant receipts are charged per in-app notices.
Limits depend on verification tier and account linking; unverified caps are very low. Check the app. Balances are not deposits and are not deposit-insured.
E-wallet rules change often — always follow the latest instructions in the official app.