Toss Offers Prepaid Cards to Foreign Students
Service Aims To Ease Early Financial Access Before Students Open Bank Accounts Toss, operated by Viva Republica, said on Aug. 27 that it will provide prepaid cards through the international offices of 15 universities nationwide to support the initial financial lives of foreign students.A key feature
Toss, a subsidiary of Viva Republica, announced on August 27 its plans to offer prepaid cards to foreign students at 15 universities across the country. The primary purpose of these cards is to ease the financial access of students before they obtain a domestic bank account. Toss prepaid cards are designed to be used both online and offline, without the need for a separate bank account.
Incoming foreign students can receive and utilize these cards from the initial stages of their arrival in Korea through the international offices of the participating universities. The card can be reloaded at CU convenience stores, and it can be used for both in-person transactions and online purchases by registering it as a payment method for Toss Pay.
Toss recognized the financial challenges faced by foreign students when they first arrive in Korea. The process of obtaining an Alien Registration Card and opening a bank account can take considerable time, causing inconvenience during the early stages of their stay. To address this issue, Toss introduced the prepaid card as a solution to bridge the financial gap and support students in making necessary payments.
A Toss spokesperson stated, "Toss is continuing to make various efforts so that foreign students can start their first financial life in Korea more conveniently." They added, "Going forward, we will continue to introduce services that take into account the living environment of foreign users and enhance financial accessibility."
Additionally, Toss is actively working on incorporating feedback from foreign users into its services. The 'Toss Foreigner Bridge Crew,' initiated this year, is a program that allows foreign students in Korea to propose and implement service and marketing ideas. The second group of participants is already active, and Toss plans to establish a community so that members can continue to engage and share their opinions even after the completion of their activities.
The company aims to foster ongoing communication with foreign users and build a community around their needs.
Written by urgent.news from BusinessKorea's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
