Search results for Travelog
Finance
Big tech financial platforms tighten internal controls; banks compete for young customers
Internal controls for fintech financial platforms are being tightened as concerns grow that system failures in payments, transfers and top-ups could quickly harm consumers and erode trust. Financial authorities have urged big tech e-finance operators to build IT stability and internal control systems comparable to traditional financial firms, while also revising support tools such as the financial regulatory sandbox. Banks are also stepping up competition for young customers as a youth savings product draws strong early demand.
Finance
KakaoPay Travelog check card issuance tops 500,000
KakaoPay said cumulative issuance of its KakaoPay Travelog check card, launched with Hana Card, has exceeded 500,000. The card combines KakaoPay Money for domestic payments with foreign-currency Hana Money for overseas spending. It provides Travelog benefits such as free currency exchange, waiver of overseas transaction fees and overseas ATM withdrawal fees. Users can link existing bank accounts to KakaoPay Money without opening a separate account.
Finance
Naver Pay, Kakao Pay begin applications for second-round high oil price relief funds
Naver Pay and Kakao Pay have started accepting applications for the second round of high oil price relief funds. The programme targets 70 percent of the population and runs from May 18 to July 3. Naver Pay linked the process to Naver Search and maps and allows benefits to be received as Npay points, money or a prepaid money card. Kakao Pay enables applications via KakaoTalk and supports multiple payment methods. Both are running applicant events.
