Hana Bank Launches Blockchain-Based Highway Toll Service

Payment of Unpaid Tolls and Refund Deposit Requests with Vehicle Number Input Only
Direct Inquiry of Unpaid and Refund Toll Details... First Banking App Refund Available in Banking Sector

[Asia Economy Reporter Kangwook Cho] Hana Bank announced on the 22nd that, through cooperation with Korea Expressway Corporation, it will provide a service on Hana Bank's mobile financial app ‘Hana One Q’ that allows users to check unpaid and refundable highway tolls and apply for payment and deposit.

This service is the first result created through Hana Bank's participation in the blockchain-based mutual trust toll settlement pilot project led by the Ministry of Science and ICT and the Korea Internet & Security Agency this year to enhance public convenience related to highway tolls, and the business agreement signed with Korea Expressway Corporation in August to introduce blockchain technology-based services.

In the newly added highway toll menu on ‘Hana One Q’, users can simply enter the vehicle number registered under their name to easily check and pay unpaid tolls and check refundable tolls and apply for deposits all at once. In particular, the direct inquiry of unpaid and refundable toll details as well as the refund application function have been introduced for the first time in a banking app in the banking sector, greatly improving accessibility and convenience of the toll settlement system.

This service is characterized by making full use of blockchain technology. Through the blockchain data linkage system built under mutual agreement between the two companies, unpaid details and refund processing details are shared, enabling the provision of accurate and highly reliable data-based services to customers.

Also, until the end of January next year, among customers who pay unpaid highway tolls through this service on ‘Hana One Q’, 1,000 people will be selected by lottery to receive a Starbucks Tiramisu set gifticon.

Yeom Jeong-ho, Group Head of Hana Bank’s Future Finance Group, said, "We will continue to actively utilize blockchain technology to add reliability and convenience to financial services closely connected to the lives of the public," and added, "In addition, we will continuously expand stable non-face-to-face services in line with the Digital New Deal policy."

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