Buy Overseas Stocks with Card Points... Shinhan Investment Corp Launches 'Overseas Stock Stockback Service'

Investing in Fractional Shares of Overseas Stocks Using Card Mileage and Cashback Points

[Asia Economy Reporter Minwoo Lee] A service that allows investment in fractional shares of overseas stocks using reward points accumulated from credit card usage will be launched.

Shinhan Financial Investment announced on the 1st that it will implement this 'Overseas Stock Stockback Service.' With reward points such as mileage or cashback from partner companies, users can purchase shares of leading global companies in fractional units. This means that reward points nearing expiration or forgotten points can be utilized as funds to purchase overseas stocks.

Currently, this service is available through 'Shinhan MyPoint' on Shinhan Financial Group's integrated platform 'Shinhan Plus.' Shinhan MyPoint is a reward point system of Shinhan Financial Group that can be used like cash at online and offline affiliated stores at a rate of 1 point per 1 won. Points can be earned by using Shinhan Card, Shinhan Bank, and others. Shinhan Financial Investment plans to expand its partner companies in the future.

Meanwhile, the 'Overseas Stock Stockback Service' is the third innovative financial service designated by the Financial Services Commission to Shinhan Financial Investment, following the 'Overseas Stock Fractional Service' and the 'Overseas Stock Gift Voucher (Gifticon) Service.' A Shinhan Financial Investment official stated, "This is the industry's first service that allows purchasing overseas stocks with reward points," adding, "It enables consumers to enjoy benefits they rightfully deserve while fostering sound financial consumption habits to maximize utility."

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