Various embodiments of the present invention relate to an electronic device and method for controlling electronic payment. To this end, the electronic device according to various embodiments of the present invention may comprise: a housing; a first wireless communication circuit; a second wireless communication circuit, a touchscreen display exposed on one side of the housing; a processor disposed within the housing and operatively connected to the first wireless communication circuit, the second wireless communication circuit, and the touchscreen display; and a memory disposed within the housing and operatively connected to the processor, wherein the memory stores an application program configured to make payment by using the first wireless communication circuit, and the memory stores instructions which, when executed, cause the process to: perform a transaction with an external payment device through the first wireless communication circuit by using the application program; receive a transaction result including receipt information from an external server through the second wireless communication circuit by using the application program; after the transaction result is received, transmit a request for refund to the external payment device through the first communication circuit on the basis of the received transaction result, the request for refund including at least one of a transaction store, a transaction date, an approval code, a transaction item, a transaction quantity, and a transaction identifier (ID); and receive information on the refund from the external server through the second wireless communication circuit by using the application program. Other embodiments are also possible.