Hana Bank to Pay Overdue Hi-Pass Toll Fees via Hana One Q App

On the 5th, at the Korea Expressway Corporation headquarters in Gimcheon-si, Gyeongbuk, Yeom Jeong-ho, Head of Hana Bank Future Finance Group (left), and Lee Kwang-ho, Head of Sales Division at Korea Expressway Corporation, are posing for a commemorative photo during the business agreement ceremony for the introduction of blockchain technology-based services between Hana Bank and Korea Expressway Corporation. Photo by Hana Bank

[Asia Economy Reporter Kim Min-young] Around the end of this year, Hana Bank's smartphone banking application (app) 'Hana One Q' will launch a service that allows users to pay or receive refunds for unpaid Hi-Pass toll fees.

Hana Bank announced on the 6th that it has signed a business agreement with Korea Expressway Corporation to introduce a blockchain technology-based service.

Through this agreement, Hana Bank plans to establish an operational foundation for the payment and refund service of unpaid toll fees using Hana One Q.

In addition, the two companies plan to closely cooperate to maximize synergy effects by building a blockchain-based data linkage system, sharing information on service targets, and establishing methods for sending and receiving processing results.

Hana Bank has joined a consortium with fintech (finance + technology) company Finger to participate in the project call for the 'Blockchain-based Mutual Trust Toll Fee Settlement Pilot Project,' led by the Ministry of Science and ICT and the Korea Internet & Security Agency, and proposed by Korea Expressway Corporation. Through this, a service that allows easy payment and refund of unpaid toll fees by simply entering the vehicle number in the Hana One Q app is expected to be introduced within the year.

Yeom Jeong-ho, Head of Hana Bank's Future Finance Group, stated, “We will fulfill the role of friendly finance that adds convenience to people's lives by actively developing innovative financial services utilizing blockchain technology.”

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