SBI Savings Bank 'Saidabank', Industry's First Naver Pay Service Launch

[Asia Economy Reporter Kim Hyo-jin] SBI Savings Bank announced on the 24th that its mobile platform 'Saidabank,' launched in June last year, is providing new services by becoming the first savings bank in the industry to partner with Naver Pay and electronic financial payment systems.

Customers who wish to use this service can immediately use easy payment, remittance, and Naver Pay point charging services by registering their Saidabank account on Naver Pay.

Through this business partnership, Saidabank has become the first savings bank to collaborate with major easy payment providers such as Naver Pay, Kakao Pay, Payco, and Toss, and customers can also use easy payment services with their accounts at online shopping malls like CJ Mall and Yogi-otdae.

According to SBI Savings Bank, as of May, the number of easy payment transactions reached 20,000, with transaction amounts soaring to 20 billion KRW. The company explained that this increase is due to the rising popularity of Saidabank's parking account, which offers a high interest rate of 1.7% per annum.

Since its launch in June last year, Saidabank has formed business partnerships with companies in various fields to provide diverse financial services. It plans to continue expanding services to maximize customer convenience and benefits.

Yoo Hyun-guk, Executive Director in charge of Marketing at SBI Savings Bank, said, “Banks must now serve as hubs connecting various heterogeneous businesses centered on payment settlements,” adding, “We will continue to expand partnership services with fintech companies and others to enable customers to use payment and settlement services more conveniently.”

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