Hanacard Launches 'Email Billing Service' Allowing Export Payment Collection via Card

Providing Export Payment Collection Solution to 'SmileShark'
Implementing 3D Identity Verification Method for Payment Security

On the 28th, at SmileShark headquarters in Gangnam-gu, Seoul, Han Kyung-ho, Head of Global & New Growth Business Division at Hana Card (right in the photo), and Jang Jin-hwan, CEO of SmileShark (left in the photo), are taking a commemorative photo during the signing ceremony for the email billing service business partnership.

[Asia Economy Reporter Ki Ha-young] Hana Card announced on the 5th that it will provide the 'Email Billing Service,' which allows easier and faster settlement of overseas export payments, to 'Smile Shark,' an Amazon Web Services supplier.

This service enables overseas export companies to send export invoices via email to overseas buyers through the Email Billing Service. After the buyers confirm the details, they immediately pay the export amount using the company's corporate card. Hana Card then settles the payment through international card companies (Visa, MasterCard, etc.) and settles it to domestic companies within 3 to 4 days.

Through this, overseas export companies can quickly receive payments in Korean won for their exports, and overseas buyers can avoid payment deadline pressures from companies, providing a win-win service for both parties.

Additionally, it offers customized payment link creation based on transaction conditions such as product name, quantity, and price, and features real-time confirmation with invoice re-sending and cancellation functions, making invoice issuance and management more convenient. By applying the 3DS authentication method, it enhances security by preemptively blocking potential fraudulent use during payment. Furthermore, it supports transactions for all online and offline businesses and maximizes diversity by allowing approval and acquisition in currencies other than Korean won.

Han Kyung-ho, Head of Global & New Growth Business Division at Hana Card, said, "Through the Email Billing Service, we have minimized the risk of payment collection by helping export companies handle the processes that occur during payment collection more conveniently and accurately, enabling them to receive payments quickly. Hana Card was able to provide this service through this partnership because we built a stable process based on the trust and know-how accumulated while operating overseas card acquisition as a core business."

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