SettleBank partners with CGV for payment collaboration... Offers easy cash payment solution 'NaeTongjang Payment'

[Asia Economy Reporter Hyunseok Yoo] SettleBank announced on the 10th that it has formed a partnership with CJ CGV (hereinafter CGV), a leading multiplex operator in Korea, to provide the simple cash payment solution service ‘Naetongjang Payment’.

SettleBank offers the ‘Naetongjang Payment’ service to customers making payments through the CGV mobile app and website. Through this partnership, CGV users can use SettleBank’s Naetongjang Payment service as a cash payment method in addition to existing payment options such as CGV PAY.

Launched in December last year, SettleBank’s ‘Naetongjang Payment’ service is a simple cash payment solution that allows customers to easily make payments by entering a PIN number after registering their bank account only once.

SettleBank provides a ‘customized payment system’ optimized for each merchant’s characteristics based on lower payment fees and faster settlement cycles compared to other payment methods such as credit cards. Currently, it is aggressively marketing to large online and offline merchants and focusing on expanding its partnerships.

SettleBank stated, “We are focusing on securing online and offline merchants to prepare for changes in consumer paradigms in the post-COVID era and to respond swiftly to the normalization of offline consumption after the end of COVID-19,” adding, “We will continue to discover future growth engines by providing safe and convenient simple cash payment solutions through cooperation with our partners.”

Founded in 2000, SettleBank is a fintech service company providing electronic finance and payment platforms. It holds an unrivaled number one position in the simple cash payment market based on its unique technological competitiveness and stable system operation know-how.

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