Y Pay Yongin Restrictions Begin July 1... "Register During Concentrated Registration Period"

[Suwon Ilbo=Reporter Park No-hoon] Yongin City announced on the 20th that it has designated June 30 as the concentrated registration period for Y Pay Yongin merchants and is accepting merchant registrations.

Starting July 1, the law on the promotion of local gift certificate usage will be amended, restricting Y Pay Yongin payment at small businesses that have not registered as merchants.

Previously, small businesses with annual sales of up to 1 billion won that had merchant contracts with BC Card were able to make Y Pay Yongin payments without separate merchant registration.

Merchant registration can be done online through the Yongin Local Love Gift Certificate merchant registration website (https://with.konacard.co.kr/1-23) or the Gyeonggi Regional Currency app, or by visiting the City's Local Economy Division.

For details on the documents needed for application, merchants can contact the City's Local Economy Division (031-324-3859, 3860) before visiting.

Merchant registration is available for small businesses with annual sales of up to 1 billion won operating in Yongin City.

However, certain industries such as gambling-related businesses are restricted.

Meanwhile, the City plans to send registration guidance mail and text messages to unregistered merchants to prevent inconvenience from Y Pay Yongin payment interruptions, and will conduct intensive promotional activities through banners and marketer visits.

A city official stated, "We hope merchants with existing Y Pay Yongin sales will register as merchants during this period to avoid payment disruptions."