KFTC Launches Paperless 'Open Giro' Service
Main contents of the Open Giro service implemented by the Korea Financial Telecommunications and Clearings Institute (KFTC)
Photo by KFTC
[Asia Economy Reporter Song Seungseop] The Korea Financial Telecommunications & Clearings Institute (KFTC) announced on the 29th that it has launched the Open Giro service, which allows users to conveniently pay everyday utility bills such as newspaper subscriptions, city gas fees, offerings, and donations.
The institute explained that this service is an innovative case following the launch of the Giro service in 1977 and the Internet Giro in 2000. It enables paperless bill notifications, eliminating the need to send giro slips filled out on forms.
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A KFTC official emphasized, “We will continue to make efforts to ensure that the service is convenient for both small and medium-sized enterprises using the giro system and their customers, from the users’ perspective.”
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