Hanacard Signs Business Partnership Agreement with 'Hanguk Ganpyeon Gyeolje Jinheungwon'

Agreement to Provide Credit Card Service via 'Hana1QPay' App at Zeropay QR Merchants

On the 26th, at the Hana Card headquarters in Jung-gu, Seoul, Park Euisu, Head of Sales Group at Hana Card (right), and Lee Geunju, Director of the Korea Simple Payment Promotion Agency (left), are posing for a commemorative photo during the business agreement ceremony.

[Asia Economy Reporter Ki Ha-young] Hana Card announced on the 27th that it has signed a Memorandum of Understanding (MOU) for a business partnership with the Korea Simple Payment Promotion Foundation to support mutual growth and cooperation with small business owners through Zero Pay simple payment merchant services.

Under this agreement, Hana Card will support credit card payments for 800,000 Zero Pay merchants through its simple payment platform application, 'Hana 1Q Pay.'

The Korea Simple Payment Promotion Foundation will add a credit card payment method linked to the Hana 1Q Pay app to the existing QR code payment method of Zero Pay. This is expected to improve payment convenience for small business owners who find it difficult to install card terminals, thereby expanding the customer base.

Additionally, both parties plan to conduct joint marketing using the big data each holds to recruit merchants and expand usage. The goal is to enhance payment convenience in the simple payment market, which previously only allowed prepaid payments, and to lead the development of the simple payment market by expanding the number of participating merchants.

Park Ui-su, Executive Director of Hana Card's Sales Group, said, "In line with the group's ESG (Environmental, Social, and Governance) management policy, we aim to provide payment services that promote mutual growth with small business owners in cooperation with the Korea Simple Payment Promotion Foundation. We will create a new paradigm that has never existed before to ensure that no groups are left behind in the rapidly changing simple payment market."

Meanwhile, the Korea Simple Payment Promotion Foundation is a private foundation operating Zero Pay, the nation's top simple payment service, in partnership with 22 banks and 23 electronic financial operators. It currently has a cumulative total of 800,000 simple payment merchants.

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