Coupang creates a fintech subsidiary

Home > Business > Industry

print dictionary print

Coupang creates a fintech subsidiary

테스트

Kyung In-tae

Coupang on Wednesday established Coupang Pay, a fintech subsidiary expected to offer payment services in the first half.

The e-commerce company separated its Coupay fintech business into a separate unit with the hope of offering innovative fintech services to a broader range of customers and enhancing the experience for existing Coupay customers, said Coupang.

Coupay has 10 million registered users. It is known for the so-called one-touch payment system, which enables users to purchase products without having to enter a password or scan their fingerprint.

The subsidiary will be led by Kyung In-tae, a Coupang senior director who headed Coupang’s fintech business. Kyung has been in charge of easy payment system technology at Coupang since 2014.

Kyung studied computer engineering at Chung-Ang University.

“The new fintech company will offer more convenient and innovative financial services and evolve from an easy payment service into a comprehensive fintech platform for our customers,” Kyung said. He added, “We will launch unique and differentiated fintech services to create a world where people ask, ‘How did I ever live without Coupang?’”

On the same day, Coupang introduced a fashion platform where items from various premium brands are sold.

BY JIN MIN-JE [jin.minji@joongang.co.kr]

More in Industry

Hanbok housework

Shutting up shop

No sale

Spending billions in U.S. may be good move for Samsung

Bank elsewhere

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now