One of Korea's largest financial super-apps with the best foreigner-friendliness reputation among Korean finance apps; it is connected to Alipay+, so Korean users can scan-pay directly in mainland China.
!Not a bank. Toss is operated by Viva Republica (whose group includes the licensed internet bank Toss Bank); Toss Pay is a simple-payment feature inside the app, not a bank itself, and payment-account balances are not bank deposits.
Partially. The official app supports 10 languages (including Chinese and English) and new arrivals can sign up with just a passport — no Alien Registration Card (ARC) or Korean phone number needed — to use a prepaid card, transfers and card payments; full features (Toss Bank account, securities, Face Pay) require an ARC and a Korean number. Short-term tourists generally cannot use Face Pay, which needs Korean identity verification.
No mandatory minimum top-up｜Domestic P2P transfers and payments are generally free; international remittances cover 50 countries with fees by rate and quota (a fee-free promotion for foreign residents ran until June 2026)
No uniform published limits; they rise with verification level. Payment and banking features are regulated by Korean financial authorities.
Partially. The official app supports 10 languages (including Chinese and English) and new arrivals can sign up with just a passport — no Alien Registration Card (ARC) or Korean phone number needed — to use a prepaid card, transfers and card payments; full features (Toss Bank account, securities, Face Pay) require an ARC and a Korean number. Short-term tourists generally cannot use Face Pay, which needs Korean identity verification.
Local bank account: Required for full features (payment cards must be Korean-issued); not required for initial signup. Items typically needed: Passport (initial signup); ARC plus Korean phone number (full features); A Korean bank card or account (to enable Toss Pay).
Typically: Passport (initial signup); ARC plus Korean phone number (full features); A Korean bank card or account (to enable Toss Pay).
How to sign up: Sign up in the app (a passport is enough to start) → complete verification once you have an ARC → link a Korean card/account to enable Toss Pay (About 10 minutes to register; full features unlock once you have an ARC). Steps: 1) Download Toss and pick a language 2) Complete initial signup with your passport 3) Use the prepaid card, transfers and other basics 4) Add verification once you have your ARC 5) Link a Korean card to fully enable Toss Pay Fees: Domestic P2P transfers and payments are generally free; international remittances cover 50 countries with fees by rate and quota (a fee-free promotion for foreign residents ran until June 2026)
No uniform published limits; they rise with verification level. Payment and banking features are regulated by Korean financial authorities.
E-wallet rules change often — always follow the latest instructions in the official app.