Shinhan Card Signs Business Agreement with Visa Korea and D.CAMP to "Revitalize Startups"

Promotion of New Finance Development and New Revenue Generation in Payment, Authentication Security, AI, and Big Data

At the agreement ceremony held at D.CAMP Seolleung Center located in Gangnam-gu, Seoul, Moon Dong-kwon, Head of Shinhan Card Management Planning Group (left), Kim Hong-il, Director of D.CAMP (center), and Lee Yoo-jin, Vice President of Visa Korea (right) are posing for a commemorative photo.

[Asia Economy Reporter Ki Ha-young] Shinhan Card announced on the 22nd that it has signed a tripartite business agreement with Visa Korea and D.CAMP to foster fintech startups as part of its innovative financial growth strategy.

The business agreement ceremony took place at the D.CAMP Seolleung Center located in Gangnam-gu, Seoul, attended by related officials including Moon Dong-kwon, Head of Shinhan Card's Management Planning Group, Lee Yoo-jin, Vice President of Visa Korea, and Kim Hong-il, Director of D.CAMP.

Shinhan Card and Visa Korea have been jointly operating a startup incubation program since 2019. Through this tripartite MOU with D.CAMP, the collaborative program is expected to be strengthened.

D.CAMP is a startup ecosystem hub established by the Banks Foundation for Young Entrepreneurs that provides investment, space, networks, and other support for early-stage startup growth.

Shinhan Card's startup support program, 'I'm Ventures,' is recruiting startups to jointly carry out projects with Shinhan Card in fields such as payment and remittance, authentication and security, artificial intelligence (AI) and big data, new finance, and auto services from today until May 29.

At D.CAMP's D.DAY event scheduled for June, selected startups will be announced, and various support programs such as mentoring and equity investment will be promoted to discover future collaboration models. Detailed information about the recruitment can be found on the D.CAMP website.

Moon Dong-kwon, Head of Shinhan Card's Group, said, "This business agreement is expected to be very helpful in discovering new growth engines through close cooperation not only with Visa Korea and D.CAMP but also with startups," adding, "We will continue to innovate the card finance sector in line with Shinhan Financial Group's strategy to build an innovative growth ecosystem."

This content was produced with the assistance of AI translation services.