Shinhan Consortium Signs Sales Agency Agreement for Seoul Sarang Gift Certificates
Recharge and Use Available on Seoul Pay Plus, Shinhan Play, Shinhan Sol, etc.
Purchase in 10,000 KRW Units with Credit/Debit Cards; Combined Card Payment Possible When Balance Is Insufficient

Shinhan Card "Use Seoul Sarang Gift Certificates on Shinhan Play Starting Next Year" View original image

[Asia Economy Reporter Ki Ha-young] Starting January next year, Seoul Love Gift Certificates can be conveniently charged and used with cash or cards through dedicated applications such as Seoul Pay Plus, Shinhan Play, and Shinhan Sol. Additionally, the places where Seoul Love Gift Certificates can be used will more than double.


Shinhan Card announced on the 24th that the 'Shinhan Consortium' signed a sales agency agreement with the Seoul Metropolitan Government for Seoul Love Gift Certificates and will begin sales on January 24 next year. The Shinhan Consortium consists of the main business operators Shinhan Card, Shinhan Bank, Kakao Pay, T-money, and others.


From now on, in addition to cash purchases through registered purchase accounts, users will be able to charge from 10,000 KRW up to a maximum of 700,000 KRW in 10,000 KRW increments using credit or debit cards. In particular, if the Seoul Love Gift Certificate balance is insufficient, a function to automatically combine and pay the difference with credit or debit cards registered in the Seoul Pay Plus app will be added in the first half of next year.


The places of use will also expand from the existing 260,000 Zero Pay affiliated stores to 530,000 Shinhan Card affiliated stores. Store management will be newly introduced with closure and suspension management reflecting National Tax Service information, and payment cancellations, which were major inconveniences for store owners, will be improved to be possible immediately.


Additionally, store owners will be regularly provided with sales analysis reports, and through AI-based store recommendations and store search services, store promotion websites, and coupon systems, it plans to contribute to increasing store sales. There will be no cost burden on stores for these services.



A Shinhan Card official said, "Through the advancement of Seoul Pay Plus, we plan to continuously add administrative and lifestyle service functions such as policy allowance application and payment, mobile transportation, and Seoul tourism activation services," adding, "We plan to develop it as a lifestyle platform for citizens."


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing