1.1

Terms and Conditions of Use for the Split Payment Service

1. “Terms and Conditions of Use for the Travel Wallet Service” refers to the terms and conditions entered into between the Company and the customer in relation to the use of the Travel Wallet service, which are posted on the homepage or app screen operated and provided by the Company, and include the Terms and Conditions of Use for Small-Amount Overseas Remittance Service, Online Currency Exchange Service, and Travel Pay Service.

2. “Travel Pay Card” (hereinafter referred to as the “Card”) refers to a prepaid electronic payment method issued and managed by the Company in accordance with the Electronic Financial Transactions Act, which can be used for payments at domestic credit card merchants and overseas online and offline merchants that accept VISA cards.

3. “Split Payment Service” (hereinafter referred to as the “Service”) refers to a supplementary (ancillary) service of the Travel Wallet service, where two or more members form a group, and when the representative member makes a payment using their card, a portion of the total payment amount is also paid by the other members’ cards according to the specified payment method.

4. “Social Service” refers to a supplementary (ancillary) service of the Travel Wallet service that is provided separately in accordance with the Terms and Conditions of Use for the Social Service.

5. “Member” refers to a customer who agrees to these Terms and Conditions and the Terms and Conditions of Use for the Travel Wallet Service, applies for and receives issuance of a Card through the mobile app provided and operated by the Company, and uses the Service.

6. “Group” refers to a voluntarily formed association of two or more members for the purpose of using this Service, created through invitation by a representative or participation through a social service post.

7. “Representative” refers to a member who creates a group for the purpose of using the Service and recruits other members, and is authorized to determine the payment method for the group’s total payment amount.

8. “Group Member” refers to a member who indicates intent to participate in the group created by the Representative and makes payment of a portion of the group’s total payment amount according to the specified payment method.

1. Directly explaining the key content of the Terms and Conditions to the Member

2. Displaying the key content of the Terms and Conditions in a way that is easily understandable through an electronic device, and receiving the Member’s acknowledgment of understanding through the same electronic device

1. Creating a group for the use of this Service within the Company’s mobile app

2. Recruiting Members to participate in the group by directly inviting them or posting on the Social Service board

3. Managing the group member list by deleting or editing participants

4. Selecting the payment method for the total payment amount arising from the group

5. Paying the total payment amount arising from the group with the Representative’s own card

1. Participating in a group for this Service by accepting the Representative’s invitation or joining through a social board post

2. When the Representative directly enters the individual payment amount for a group member, confirming or rejecting the entered amount upon request

3. Paying part of the total payment amount arising from the group based on the predetermined payment method

1. Equal Split (1/N) Payment Method: The entire payment amount of the group shall be equally divided by the total number of members including the representative and group members, and each member’s share shall be withdrawn from their respective card, thereby completing the payment.

2. Direct Input Payment Method: The representative directly inputs the payable amount for each group member out of the total group payment amount, and upon requesting confirmation of the input amount from each group member and receiving confirmation, the specified amount shall be withdrawn from each member’s respective card. Provided, however, if any group member does not confirm or rejects the input amount within 5 minutes from the time of receiving the confirmation request, the payment method shall automatically switch to the payment method set forth in subparagraph 1 of this paragraph.

1. The representative may pre-set or cancel any of the payment methods set forth in paragraph 1. Provided, however, if such setting is canceled, payments via this Service may fail or be restricted.

2. If the representative selects the payment method described in paragraph 1, subparagraph 2, the representative must request confirmation of the directly input amounts from each group member respectively for their payment.

3. The representative must pay the entire group payment amount using a Travel Pay Card in their possession; if payment is attempted using any other method, the payment via this Service may fail or be restricted.

4. Any remaining balance (difference) of the total group payment amount not paid by the group members shall be regarded as the amount payable by the representative.

5. When the representative pays the entire group payment amount using the Travel Pay Card in their possession, the actual payment is made by withdrawing the payable amount from each of the Travel Pay Cards held by the representative and group members, and the relevant payment details are notified to each member via mobile app push notifications.

1. If the representative does not set or cancels the payment method set forth in Article 8, paragraph 1.

2. If the representative attempts to make payment using a payment method other than the Travel Pay Card held by themself.

3. If the balance of the Travel Pay Card held by the representative or any group member is insufficient to cover their respective share of the payment amount.

4. If the respective share of the payment amount of the representative or any group member is less than the minimum recharge unit amount per currency.

5. If the respective share of the payment amount of the representative or any group member exceeds the maximum recharge amount per Travel Pay Card.

6. If any other circumstance arises in which payment via this Service is deemed significantly difficult or impossible.

1. In the case of the Equal Split (1/N) payment method, the representative and group members who participated in the relevant payment shall be refunded their evenly split amounts in the same method and individual currency in which the payment was made.

2. In the case of the Direct Input payment method, the representative and group members who participated in the relevant payment shall be refunded the individual payment amounts input by the representative and confirmed by each group member, in the same method and individual currency in which the payment was made.

1. The Company shall make every effort to provide continuous and stable Service to the members, except in the case of special circumstances such as regular maintenance.

2. The Company may, at its discretion, monitor whether members are using this Service in a manner deemed appropriate.

3. The Company may post information, advertisements, etc., deemed appropriate or potentially useful within this Service.

4. The Company shall promptly notify the members of any changes in the terms and conditions of use, internal policies, or manuals related to the provision of this Service.

1. If the member uses this Service with an account not registered under their real name.

2. If the group created in connection with this Service is used for the posting of obscene materials, defamation, infringement of rights, or for unlawful purposes that harm public morals.

3. If the group created in connection with this Service is used directly or indirectly for advertisements or other commercial purposes without prior written consent from the Company.

4. If the use of this Service is reasonably judged to be inconsistent with the purpose of the Service.