NHN Payco achieved 32% transaction growth last year in its corporate welfare solution business, which encompasses meal vouchers, welfare points, and gift cards.
NHN Payco announced on the 24th that its Payco corporate welfare solution recorded 290 billion won in annual transactions last year. This represents a 32% increase from 2024. The growth is attributed to the meal voucher service maintaining its growth streak for eight consecutive years, while welfare point transactions surged 53% year-over-year.
As of last year, 2,400 companies had adopted the Payco corporate welfare solution, with 400,000 employees using the service. New clients in 2024 included the Government Employees Pension Service, Nexon Games, Asiana Airlines, Air Busan, and T'way Air. The infrastructure allowing access to approximately 70,000 meal voucher merchants and 600,000 Payco online and offline merchants nationwide is considered a favorable factor for business expansion.
Additionally, Payco simplifies complex welfare cost settlement processes and provides a management system that flexibly accommodates each company's unique welfare programs. The Payco welfare point dedicated card enables easy point management through an administrator page, with detailed policies such as industry restrictions and usage time settings customizable for each company.
NHN Payco plans to continue its aggressive expansion this year, positioning the B2B business as a core pillar of future growth. The strategy focuses on refining customized services for each company to reflect the increasingly segmented welfare demands of office workers. An NHN Payco official said, "Payco has been developing the smartest welfare solutions that satisfy both companies and employees. In 2026, we will solidify our market share by leading the digital transformation of Korea's corporate welfare market, leveraging Payco corporate welfare solution's technology and partnerships."