Sangsangin Savings Bank Surpasses 50,000 Subscribers on BangBangBang App

[Asia Economy Reporter Minyoung Kim] The number of new accounts opened through SangSangIn Savings Bank's comprehensive digital financial platform app, ‘BangBangBang,’ surpassed 50,000 within one month of its launch.

SangSangIn Savings Bank announced the one-month performance results of the BangBangBang app on the 3rd.

The BangBangBang app is SangSangIn Savings Bank’s first financial platform, offering services such as 24/7 account opening without branch visits through non-face-to-face real-name verification, automatic loans without phone calls, account management, loan management, zero remittance fees, and instant transfers.

As of the 31st of last month, the app recorded over 250,000 cumulative visitors and more than 50,000 new accounts opened, attracting deposits and savings worth 36 billion KRW.

The special promotional product launched to celebrate the app release, the ‘BangBangBang 777 Fixed Savings,’ proved highly successful. Without any special conditions, it offered an annual interest rate of 7.0% to 777 people daily, resulting in a sold-out streak with a total of 24,087 subscribers.

Subscriptions to other products also increased. For example, the regular savings account offering an interest rate of 1.7% annually attracted deposits exceeding 25 billion KRW over the past month.

Lee Inseop, CEO of SangSangIn Savings Bank, stated, “We will continue to focus on convenience and benefits to repay our customers’ interest and love with better services.”

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