GS Caltex adopts digital payment at gas stations to simplify payment

Park Sae-jin Reporter() | Posted : November 2, 2020, 10:26 | Updated : November 2, 2020, 10:26

[Courtesy of GS Caltex]

SEOUL -- GS Caltex, a major refiner in South Korea, has adopted an online digital payment service at selected gas stations to simplify payment and provide convenience for customers who do not carry actual credit cards or cash. GS Caltex is the first gas station operator in South Korea to adopt digital payment services.

GS Caltex said that the company has started receiving four digital payment methods -- Kakao Pay, Naver Pay, PAYCO and Zero Pay -- at 1,450 gas stations. The refiner said that all of its gas stations would support digital payments during the first half of 2021.

"We now provide more convenient services for customers to match the rapidly changing transaction technology trend," GS Caltex said in a statement on November 2. Customers can make transactions by scanning QR codes displayed on mobile transaction apps. 

South Korea's digital payment market is increasing rapidly thanks to young consumers who used smartphones for payment instead of carrying a wallet stuffed with cash or credit cards. The Financial Supervisory Service, a financial watchdog, estimated that more than 120 trillion won ($105.6 billion) worth of transactions was made using digital payments in 2019.

Digital payment services offer special benefits such as cash points and discounts through affiliated online shopping malls. An ordinary person uses an average of three digital payments while 80 percent of consumers in their 20s use digital transaction services.

The adoption of digital payment services is part of the refiner's digital transformation. Earlier this year, GS Caltex would use gas stations for all-in-one last-mile services and as a hub for logistics, cultural space and refueling. 
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