KB Capital Partners with SettleBank to Enter the Easy Payment Market

Launch of Loan Products on SettleBank's Easy Payment Service
'Naetongjang Payment'

[Asia Economy Reporter Ki Ha-young] KB Capital is entering the simple payment market through a partnership with fintech service specialist SettleBank.

On the 13th, KB Capital announced that it signed a partnership agreement with SettleBank on the 28th to provide non-face-to-face financial services. SettleBank is a fintech service specialist company that accounts for more than 90% of the domestic simple cash payment platform.

Through this partnership, the two companies will provide loan services available for cash simple payment services (NaeTongjang Payment). The NaeTongjang Payment loan service, launched on the 5th, is installed in online malls partnered with SettleBank in areas such as daily necessities, health foods, and beauty lifestyle, allowing non-face-to-face applications. An installment finance service for purchasing high-priced products that are burdensome to pay at once is also being prepared, and interest-free installment benefits of up to 36 months will be provided depending on individual credit ratings.

KB Capital CEO Hwang Su-nam said, "Going forward, the two companies plan to continuously cooperate to provide customers with more convenient financial services," adding, "We will strive to meet various customer needs based on a secure financial system."

KB Capital plans to develop differentiated financial products that can be used by financially marginalized groups such as new filers by utilizing non-financial information received through the partnership with SettleBank in financial screening. In addition, they plan to strengthen services that meet customer needs by introducing simple payment services to the KB ChaChaCha platform.

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