Samsung Financial Networks 'Monimo' Launches Contact Transfer Service

Convenient Transfers with Just Name and Contact via Open Banking
Unlimited Transactions with No Transfer Fees... Up to 30 Jelly Rewards per Month

[Asia Economy Reporter Yu Je-hoon] Samsung Card announced on the 26th that it has newly launched the 'Contact Transfer Service,' which allows money transfers using only a name and contact information, on the Samsung Financial Networks integrated platform Monimo.

The Contact Transfer Service is based on open banking, enabling transfers without an account number, using only a name and contact information, and it is also available to non-members of Monimo.

Additionally, like Monimo's regular transfers, the service allows transfers without any separate fees and offers various benefits such as providing up to 30 Jelly rewards per month when using the service. Jelly is a dedicated reward provided in the Monimo app, which can be exchanged for 'Monimoney' at the Jelly Exchange and used like cash for insurance subscriptions, transfers, fund investments, and more.

To use the Contact Transfer Service, users enter the recipient's contact information, name, and the amount to send in the contact transfer menu of Monimo. A link is then sent via text message or KakaoTalk notification. The recipient can receive the transfer by clicking the link in the text message or KakaoTalk and entering their account number.

The sender receives a transfer completion notification via app push once the transfer is completed and will also be notified if the recipient does not accept the transfer within the validity period. A Samsung Card official stated, "We launched the Contact Transfer Service to enhance convenience for users of the Samsung Financial Networks integrated app Monimo," adding, "We plan to continuously add various lifestyle financial services in the future."

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