"From Convenience Store to Banking Services"... Hana Bank and CU Introduce the First 'Finance-Specialized Convenience Store'

Hana Bank signed a business agreement on the 3rd at the Hana Bank headquarters in Euljiro, Jung-gu, with BGF Retail to jointly promote the establishment of future-oriented innovative channels and digital new businesses. In the business agreement ceremony, Park Seong-ho, President of Hana Bank (left), and Lee Geon-jun, CEO of BGF Retail, are taking a commemorative photo.

[Asia Economy Reporter Kiho Sung] Hana Bank is partnering with BGF Retail, the operator of convenience store CU, to introduce a 'financial specialized convenience store.' Unmanned counters will be installed in the convenience stores to allow customers to open accounts, issue check cards, and receive bank consultations.

According to the financial sector on the 6th, Hana Bank and BGF Retail signed a 'Future-oriented Innovative Channel Establishment and Joint Promotion of Digital New Business Agreement.' Accordingly, the two companies plan to open the first 'CU×Hana Bank Financial Specialized Convenience Store' as early as the end of this month. The first store will be opened by renovating the current CU store located in Songpa-gu, Seoul. There are no regular bank branches or automated machines within 500 meters of this store.

Within the store, a dedicated space for financial services called the 'Hana Bank Smart Self Zone' will be established. A comprehensive financial device called 'STM' will be installed here. Through the STM, customers can easily use services that previously required visiting a branch, such as ATM transactions, account opening, passbook reissuance, check card and security card (OTP) issuance, and consultations with bank staff.

Additionally, various offline channel partnerships, such as CU convenience stores located inside Hana Bank branches and Hana Bank branches located inside CU convenience stores, will be comprehensively reviewed focusing on financial blind spots to contribute to improving financial accessibility. Along with this, based on the number of visits to CU convenience stores, 'CU Stamps' accumulated in the 'PocketCU' app will be used to offer preferential interest rates or CU coupons through savings products, or launch subscription services combining popular convenience store products and financial products, jointly promoting various digital financial businesses.

Park Sung-ho, CEO of Hana Bank, stated, "Through this business agreement, we expect to combine the advantages of finance and daily convenience stores to provide more customers with convenient comprehensive daily financial services." He added, "We will continuously introduce various lifestyle financial services based on the big data of both companies to provide simpler and more innovative specialized financial services."

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