GalaxiaMoneytree to Launch 'Moneytree Integrated Point Payment' Service Next Month

[Asia Economy Reporter Hyunseok Yoo] Fintech specialist Galaxia Moneytree announced on the 30th that it will launch an ‘Integrated Point Payment’ service in September based on its simple payment platform MONEYTREE.

MONEYTREE is a simple payment platform with the concept of ‘Digital Value Exchanger’ that converts various financial and lifestyle points and gift certificates into Moneytree Cash, which can be used like cash for simple payments, remittances, withdrawals, and Zero Pay composite payments. The newly introduced ‘Integrated Point Payment’ service applies these features of MONEYTREE to online merchants.

Merchants can use points from partner companies that MONEYTREE has already secured, eliminating the inconvenience of having to sign individual contracts with multiple partners. Customers can select scattered points at their desired online stores and make payments all at once. Additionally, if the payment amount is insufficient with points when purchasing products, the remaining balance can be paid immediately with Moneytree Cash and simple account recharge without additional authentication.

Currently, card points, bank points, and lifestyle points are restricted to use only at their issuing institutions or require conversion to points of specific brands, causing inconvenience. However, MONEYTREE explained that the ‘Integrated Point Payment’ service resolves these issues.

A company representative said, “MONEYTREE has the largest number of point partnerships in Korea and over 2.5 million users, making it an attractive service for merchants. Since all owned points can be used with a single authentication, customers seeking reasonable consumption will find it easy and convenient to use.”

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