Provides 11 API's to build up easy payment services
in various business areas
(fintech, distribution and logistics, pre-payments, and so on)
Easy Payment API Key Products
Bank Account based Debit Payment
Service Features
-
01
Provides services that are connected to all banks in Korea
Provides APIs for Easy Payment services which register accounts of all banks in Korea.
-
02
Can be utilized for exclusive Easy Payment service for corporates
Corporates also utilize this product through additional settings such as limit for each employee, corporate accounts registration, and so on.
API's
| Source Data Providers | All banks in Korea, including Nonghyup Bank, Kookmin Bank, Woori Bank, Shinhan Bank, Industrial Bank of Korea, KEB Hana Bank and Korea Post bank |
|---|---|
| Data |
Account Consent to payment Direct debit Issuance of 
Bank Account |
Customers
-
GS Home Shopping -
Shinhan Card -
Chai Corporation -
KB Insurance -
NAVER FINANCIAL Corporation -
Others
Use Case
Provides 24-hour ‘Direct Payment’ Service
GS Home Shopping (GS SHOP), Korea’s first TV home shopping channel, developed a Bank Account based Debit Payment service, which enables 24-hour payment through COOCON APIs, especially for nighttime customers who have difficulties with payments due to internal inspections of banks.
-
All banks in Korea
-
Provides Bank Account based
Debit Payment -
GS Home Shopping
Initial set-up costs
Monthly fee
Additional fee
(per transaction)
Account-holder Inquiry
Service Features
-
01
Enables accurate account verification by real-time inquiry
Enables to check customers’ account numbers real-time through the exclusive networks connected to all banks in Korea.
-
02
High Applicability which can be introduced to all industries
This product is being used in various areas such as tax payments to public agencies, direct debit of financial institutions, and corporate cash management so on.
API's
| Source Data Providers | All banks in Korea, including Nonghyup Bank, Kookmin Bank, Woori Bank, Shinhan Bank, Industrial Bank of Korea, KEB Hana Bank and Korea Post bank |
|---|---|
| Data |
Bank Name Account number Account-holder
Account-holder Inquiry |
Customers
-
Volkswagen Financial Services -
NH Nonghyup Card -
National Cancer Center -
Hyundai Card -
SK Networks -
Others
Use Case
Provides Non-Contact Car Financial Services
Volkswagen Financial Services Korea, the capital brand of Volkswagen Group, developed non-contact car-related financial services; installment purchase, lease, and rental, by automating process of receiving payments through COOCON API’s.
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All banks in Korea
-
Provide Account-holder verification result when processing services related with purchase, lease, rental of a car
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Volkswagen Financial Services
Initial Set-up costs
Monthly fee
Additional fee
(per transaction)
COATM
Service Features
-
01
Deposit/Withdraw cash from ATMs via mobile phone
Provides mobile cash deposit/withdrawal at over 30,000 ATMs nationwide in convenience stores, subway station, an so on.
-
02
easy services
Through this product, fintech companies and financial institutions can simply develop ATM cash deposit/withdrawal services without individual partnership with several ATM operators.
API's
| Source Data Providers | NICE Total Cash Management, Lotte PS Net, Hyosung TNS, Hannet |
|---|---|
| Data |
ATM Cash Deposit User guide Location of ATMs
COATM |
Customers
-
Viva Republica -
Kyobo Life Insurance -
Shinsegae I&C -
KEB Hana Card -
LINA Life Insurance -
Others
Use Case
Launched Life Convenience Services
Through COOCON API’s, Toss, a Bigtech company in Korea, developed a service that enables immediate ATM cash withdrawal by typing an authorization code created on the mobile app.
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NICE Total Cash Management, Lotte PS Net, Hyosung TNS, Hannet
-
Provides ATM Cash Deposit/withdrawal, its user guide, location of ATMs
-
Toss
Initial Set-up costs
Monthly fee
Additional fee
(per transaction)
Account-Verify 1₩(KRW) Deposit
Service Features
-
01
Safe and easy self-verification
Corporates can verify their customers by sending 1 KRW to customers’ account with an authorization code on senders’ name, and checking if the code typed by customers match what they sent.
-
02
Provides Non-contact Real-name Verification Service
This product can be utilized for opening new accounts, checking one’s own accounts, and so on.
API's
| Source Data Providers | All banks in Korea, including Nonghyup Bank, Kookmin Bank, Woori Bank, Shinhan Bank, Industrial Bank of Korea, KEB Hana Bank and Korea Post bank |
|---|---|
| Data |
Banks’ inspection times Account number
Account-Verify 1₩(KRW) Deposit |
Customers
-
KB Kookmin Card -
Tong Yang Life Insurance -
Chai Corporation -
KONA I -
Hanwha Asset Management -
Others
Use Case
developed a Non-contact Real-name Verification Process
For the Non-contact Real-name Verification, KB Kookmin Card adopted the Account-Verify 1₩(KRW) Deposit API of COOCON which allows to reduce its costs of customer service and system monitoring.
-
All banks in Korea
-
Provides an authorization code
when KRW 1 is transferred to
a customer’s account of KB Kookmin Card -
KB Kookmin Card
Initial set-up costs
Monthly fee
Additional fee
(per transaction)