Shinhan Card "Celebrating Touch Payment Surpassing 500 Billion KRW, 5,000 Points Giveaway by Lottery"

Cumulative Usage Amount Exceeds 500 Billion Won and 20 Million Transactions
2,000 Customers Drawn to Receive 5,000 MyShinhan Points

[Asia Economy Reporter Ki Ha-young] Shinhan Card announced on the 1st that it will hold an event to celebrate reaching a cumulative usage amount of 500 billion KRW and a cumulative usage count of 20 million transactions for 'Shinhan Payfan Touch Payment,' a mobile offline simple payment service launched in June 2018.

First, during the entire month of March, 2,000 customers who apply for the event and use Touch Payment will be selected by lottery to receive 5,000 My Shinhan Points. To revitalize the local economy, a win-win event will also be held where customers who use Touch Payment for 50,000 KRW or more per transaction at small local retail stores in their neighborhood will receive 5,000 My Shinhan Points.

Additionally, the Touch Pang Pang service, where My Shinhan Points are awarded randomly in real time when using Touch Payment, will be available throughout March. Especially, when using Touch Payment at Homeplus, the awarded points will be doubled.

Moreover, until the 3rd, customers who add Shinhan Payfan My Shop benefits and then use Touch Payment for 10,000 KRW or more at Dunkin' Donuts will receive a 6,000 KRW cashback.

Touch Payment is a mobile offline simple payment service first introduced by Shinhan Card among card companies. It is characterized by being usable at all offline merchants without a physical card through the Shinhan Payfan application (app) installed on a smartphone, with over 1 million transactions occurring every month.

Last year, Shinhan Card introduced the world's first iPhone Touch Payment. By attaching a dedicated case that supports Touch Payment to an iPhone, customers can pay with the card registered in the Shinhan Payfan app at all offline merchants. The iPhone Touch Payment case for the iPhone 12 series will be launched on the Shinhan Card exclusive mall starting from the 15th.

Yoo Tae-hyun, Executive Director of Shinhan Card's Digital First Division, said, "As we aim for a digital transaction volume of 40 trillion KRW this year, we will continue to provide differentiated payment services that satisfy customer needs and transform into a platform-specialized company."

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