Shinhan Bank Enables All Banking Services with a Single Mobile Driver's License

Ministry of the Interior and Safety Mobile Driver's License Pilot Project Participation
Real-name Verification and All Banking Services Available via Branch Digital Counter QR Authentication

[Asia Economy Reporter Sim Nayoung] Shinhan Bank announced on the 8th that all banking services requiring identity verification can now be conducted at branches using a mobile driver's license.

The mobile driver's license is a digital ID issued, stored, and used on an individual's smartphone through the Ministry of the Interior and Safety's mobile ID app, and it holds the same legal validity as the existing plastic driver's license.

With the implementation of this service, Shinhan Bank applies the mobile driver's license 100% to all services provided at bank counters, enabling ▲ deposit account opening and closure ▲ loan principal and interest repayment ▲ foreign exchange services such as currency exchange and overseas remittance ▲ and all other banking services including reporting changes.

Additionally, customers visiting branches can complete identity verification by using the mobile driver's license for digital counter QR authentication, greatly enhancing the convenience of banking services.

A Shinhan Bank official stated, "The implementation of the mobile driver's license service offers the advantage of allowing customers visiting branches to conveniently use banking services," adding, "We will continue to provide innovative financial services to offer differentiated experiences to our customers."

The mobile driver's license can be securely used through blockchain-based DID technology, and after a pilot period, the service will be expanded nationwide from July onward.

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