An electronic device is provided, which includes a wireless communication module; at least one processor; and a memory configured to store instructions that, when executed by the at least one processor, cause the electronic device to perform a transaction with an external device using the wireless communication module, receive, from a payment server, payment approval information indicating that the transaction is approved, the payment approval information including device information of an access point (AP) located in an offline merchant and period information, establish, in response to receiving the payment approval information, a connection with the AP using the wireless communication module based on the device information of the AP, after the connection with the AP is established, operate a timer corresponding to the period information, and terminate the connection to the AP when the timer expires.