[Alpha Biz= Reporter Kim Jisun] Naver Pay made a significant step towards becoming a comprehensive financial platform with strong performance in Q2 this year.
According to the financial sector on the 10th, Naver Pay's Q2 net profit (segment-wise) reached 36.1 billion won, marking a 33.7% increase compared to the same period last year (27 billion won).
The total payment volume (TPV) exceeded 17.5 trillion won, a 20.1% increase from the 14.6 trillion won recorded in Q2 of the previous year. External payment volume reached 8.8 trillion won, growing by 40.1% compared to the same period last year (6.3 trillion won). For the first time, external payments accounted for 50% of the total payment volume. During the same period, offline payment volume saw an 82% increase year-on-year, reaching 2.6 trillion won, driven by growth in orders, reservations, and on-site payments.
In terms of platform business, Naver Pay expanded its offerings by launching new services such as loan comparisons for monthly and rent loans, savings insurance comparisons, and overseas travel insurance comparisons. Notably, the home mortgage and monthly rent loan comparison service surpassed a cumulative handling amount of 2 trillion won within just six months of its launch.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
