Hana Financial Group Launches Payment Platform 'GLN' Service in Japan (Comprehensive)
Taiwan, Thailand, Vietnam, and Now the 4th Service Country
Make Overseas Payments Without Currency Exchange Using Hana Members App
[Asia Economy Reporter Kim Min-young] Hana Financial Group launched its Global Loyalty Network (GLN) service in Japan starting on the 14th. This marks the fourth country to offer the service, following Taiwan, Thailand, and Vietnam.
According to financial authorities and foreign media, Hana Financial Group partnered with Japan's payment service provider 'Nippon Platform' to begin offering the GLN service from this day.
GLN is a flagship project of Hana Financial Group's 'Digital and Global Convergence' strategy. It is a global payment hub platform that connects financial institutions, retail companies, and point service providers worldwide into a single network, enabling seamless mobile remittance, payment, and ATM withdrawals across borders. Hana Financial Group unveiled the service in April last year after over two years of development.
Users can convert 'Hana Money,' a type of digital currency, into each country's GLN Money through Hana Financial Group's integrated membership application, Hana Members, or partner companies' own apps to use the service. This eliminates the need for separate currency exchange procedures.
At overseas merchants displaying the GLN sticker, barcode or QR code payments are accepted. In Japan, the service is initially available at cafes, restaurants, clothing stores, and souvenir shops located in Tokyo and Fukuoka. There are plans to expand the number of affiliated merchants in the future.
Previously, in April last year, Hana Financial Group launched the first GLN-based payment service in Taiwan. The service can be used at Taiwan's largest duty-free store Ever Rich, night markets, vending machines, and more. Starting from September of the same year, GLN services became available in Thailand, where the number of affiliated merchants reaches 3 million. It is usable at essential Bangkok transportation BTS, Thailand's representative department store Central Chidlom, as well as popular tourist destinations such as Iconsiam shopping mall, Chatuchak weekend market, Gourmet Market, and Big C Mart.
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Recently, the service has also become available at cafes, restaurants, and spas in Da Nang and Hoi An, Vietnam. Currently, the number of GLN service users is reported to be around 85 million. Hana Financial plans to expand GLN service countries to Hong Kong, Singapore, Indonesia, and others.
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