Yongin City Adds Points Conversion Feature to 'CityPoint' App
Use at Specialty Product Online Shop 'Yongin On Market'

From now on, citizens of Yongin City, Gyeonggi Province, will be able to convert their credit card points into the local currency 'Yongin Y-Point' and purchase local agricultural specialty products online.


Yongin City announced on the 1st that it has added a 'Yongin On Market' points conversion feature to the 'Yongin City Point' app, which converts private card points into Yongin Y-Point.

Buy Yongin Agricultural Specialties with Credit Card Points View original image

'Yongin City Point' is a system that converts distributed private points into local currency based on blockchain technology. It was selected last year in the Ministry of Science and ICT's 'Digital Public Service Innovation Project' contest, received 1.8 billion KRW in national funding for development, and has been commercialized since April this year.


By using this feature, users can convert private credit card points accumulated from 15 affiliated companies, including private credit card companies and Korail mileage, into Yongin Y-Point and use them at 'Yongin On Market,' Yongin City's online shopping mall for local agricultural specialty products.


The city also offers benefits to promote City Point usage. First, until the end of the year, citizens who convert City Points into local currency or Yongin On Market points will receive an additional 10% of the converted amount. Additionally, users who use City Points at major local tourist attractions such as Korean Folk Village, Dae Jang Geum Park, Hantaek Botanical Garden, and Yongin Insect Theme Park will receive a 20-50% discount on admission fees.



A city official said, “We will continue to devise innovative ideas that provide practical benefits to citizens' lives and promote the activation of Yongin City Point.”


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