Busan Bank Expands Non-Face-to-Face Services for Foreign Exchange Export and Import

[Asia Economy Reporter Kim Hyo-jin] BNK Busan Bank announced on the 21st that it will expand its non-face-to-face foreign exchange services to allow corporate customers engaged in import and export businesses to conduct transactions through internet banking.

Busan Bank explained that it has enhanced convenience by adding ▲import bill payment ▲import/export fee inquiry/payment ▲export dishonor repayment services to the existing non-face-to-face foreign exchange services such as issuance of import cargo letter of guarantee (L/G), issuance of foreign exchange purchase certificates, and various foreign exchange inquiries.

A representative from Busan Bank's foreign exchange division said, “We are continuously improving non-face-to-face services so that import and export companies can conduct efficient foreign exchange transactions without visiting branches,” and added, “We will continue to strive to make it more convenient for import and export companies to use Busan Bank’s foreign exchange services.”

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