Naver Pay and Chiliz enter into strategic partnership
Naver Pay, a Korean digital payment service, announced a strategic partnership with Chiliz, a leading sports and entertainment blockchain company. According to Medium’s official announcement, this collaboration aims to expand Naver Pay’s global services through Web3 innovation.
With 33 million registered users and 18 million daily active users, Naver Pay covers a significant portion of the Korean population. Fintech platforms provide businesses with powerful solutions to streamline payments and increase customer engagement through rewards. The collaboration with Chiliz will leverage the Chiliz Chain’s fan token ecosystem to create a strategy for exclusive ticketing and payment services, in addition to hosting a variety of fan-centric events.
Expanding Chiliz’ sports partnership portfolio
Chiliz has established partnerships with world-renowned sports teams including Tottenham Hotspur, FC Barcelona, Paris Saint-Germain and Manchester City. In addition, we have recently expanded our partnership to include soccer leagues such as the K-League and League 1, providing blockchain infrastructure solutions tailored to the sports sector. The convergence of fintech and the sports and entertainment sectors is positioned to benefit sports enthusiasts across Korea.
Passion and expectations for partnership
Sangjin Park, CEO of Naver Pay, expressed his enthusiasm for the partnership, saying, “This collaboration with Chiliz will be an important milestone in Naver Pay’s journey to integrate cutting-edge Web3 technology as part of its global expansion.” ‘We aim to transform the way users engage with sports and entertainment and enhance their experience with innovative solutions tailored to their passions.’
“Korea is a very important market for us due to the maturity of its sports and cryptocurrency sectors,” said Alexandre Dreyfus, CEO of Chiliz. We are excited to partner with Naver Pay to deliver a unique experience that leverages the power of blockchain and provides value to the sports community.’
The partnership between Naver Pay and Chiliz is expected to create synergy by further integrating sports, entertainment, and fintech services to provide sports fans with a unique experience.
Image source: Shutterstock
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