Abstract: An example electronic device includes a display, a communication module, a memory, and a processor. The processor is configured to scan, through the communication module, at least one signal emitted by at least one external electronic device around the electronic device; to receive, through the communication module, identification information corresponding to a first external electronic device from the first external electronic device representative of a merchant; to verify the received identification information; to request, through the communication module, a second external electronic device for merchant information corresponding to the merchant when the verification of the identification information is completed; and to receive, through the communication module, the merchant information from the second external electronic device.

Abstract: An electronic device according to various embodiments comprises: a display; a communication module; a memory; and a processor, wherein the processor is configured to scan, through the communication module, at least one signal emitted by at least one external electronic device around the electronic device, to receive, through the communication module, identification information corresponding to a first external electronic device from the first external electronic device representative of a merchant, to verify the received identification information, to request, through the communication module, a second external electronic device for merchant information corresponding to the merchant when the verification of the identification information is completed, and to receive, through the communication module, the merchant information from the second external electronic device. Other embodiments are possible.

Abstract: According to various example embodiments, an electronic device may include a communication module comprising communication circuitry, a short-range communication module comprising short-range communication circuitry, a One Time Password (OTP) module comprising OPT circuitry configured to generate an OTP, and a processor operatively coupled to the communication module and the short-range communication module. The processor may be configured to request an offline payment registration by transmitting an IDentification (ID) of the OTP module via the communication module, to receive an account ID based on the offline payment registration, and to store the account ID, and to generate the OTP via the OTP module at a time of an offline payment, to generate a token based on the generated OTP and the account ID, and to transmit the generated token to a Point On Sale (POS) terminal via the short-range communication module to perform a payment.