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Finance
Hana Bank to provide 1.3 trillion won support for small merchants and faithful borrowers
Hana Bank will provide a total of 1.3 trillion won in inclusive finance support for small merchants, self-employed people and faithful borrowers. It will do so by launching a new locally focused loan product for small merchants and by expanding eligibility and limits for an existing product for faithful borrowers. The bank said it will operate two new inclusive finance products, including loans offering up to 10 million won without collateral or guarantees, along with rate discounts and cashback benefits.
Finance
Alipay global ambitions grow as K Bank gains momentum in third IPO bid
Ant Group is accelerating its push into the global payments market, with Alipay Plus linking more than 40 mobile payment apps across dozens of countries in Asia, Europe and the Middle East. The network is used mainly by tourists at 150 million merchants in more than 100 countries and is expanding QR-based payment services to small businesses in developing countries. In South Korea, K Bank is in focus as it pursues a third IPO attempt, alongside product updates and new card features.
Finance
Hana Bank launches benefit package for Naver Pay terminal merchants
Hana Bank said on Tuesday it has launched a benefits package with Naver Pay for merchants using the Npay Connect terminal. Npay Connect is an offline integrated device that supports multiple payment methods, including cash, cards, QR payments and pay services, and can be requested via Hana Bank’s app for sole proprietors. The bank will provide a 30,000 won subsidy to eligible sole proprietors who register a Hana Bank account as their merchant settlement account. Naver Pay plans support measures to ease merchants’ initial costs.