Woori Bank Signs Business Agreement with DS Solutions for 'Small Business Financial Services'

Digital Convergence Partnership... Development of Financial Product Services

[Asia Economy Reporter Jin-ho Kim] Woori Bank announced on the 29th that it has signed a business agreement with DS Solutions to provide various and convenient non-face-to-face financial services to small business owners struggling due to COVID-19.

DS Solutions, established in 2015, is a company specializing in the settlement of accounts receivable for small business owners. It launched the advance settlement service ‘VitaPay’ and provides not only stable settlement services but also various services such as sales channel support to increase sales for small business owners.

Through the agreement, Woori Bank’s ‘Corporate Mobile Financial Mall’ will be hosted on DS Solutions’ advance settlement online platform ‘VitaPay’ to offer various services. Small business owners will be able to use non-face-to-face financial services such as ▲operating fund loans ▲overseas remittances ▲small business consulting on Woori One Banking without visiting branches.

Additionally, Woori Bank plans to continue practical cooperation in various fields, including joint marketing for small business owners based on big data collected by DS Solutions.

A Woori Bank official explained, “Through the agreement between the two companies, we will be able to provide various and convenient financial services to small business owners who are struggling due to COVID-19.”

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