365 Days Rapid Payment of Funds... BC Card Supports 330 Billion KRW for Win-Win with Small and Medium Merchants

Promotion of Adjusting Loan Repayment Schedules and Related Measures

BC Card announced a win-win financial plan worth 330 billion KRW to support small and micro businesses facing management difficulties. The plan aims to quickly pay merchants and enhance credit evaluation to reduce the burden of financing.

On the 27th, BC Card announced this win-win financial plan.

First, by injecting up to 110 billion KRW in operating funds, the company will extend the "Merchant Payment Deposit Date Shortening Service" provided to small and micro businesses until the end of this month. As a result, the payment deposit process, which usually takes 2 to 3 business days from the purchase date of the sales slip for card transactions, will be shortened by one business day. Merchants are expected to secure liquidity more quickly.

Additionally, by investing up to 120 billion KRW, the "365 Deposit Service," which deposits merchant payments even on holidays, will be expanded from the existing 400,000 locations to up to 220,000 locations. Accordingly, eligible merchants will be able to secure payments even on weekends, holidays, and other public holidays.

Furthermore, the specialized credit evaluation service for individual business owners, "Biz Credit," will be enhanced to integrate the credit ratings of both the individual business owner and the business itself. Moreover, BC Card plans to expand Biz Credit client companies to other financial institutions. Through this, it is expected to create an annual loan preferential effect worth up to 20 billion KRW.

For individual customers with insufficient repayment capacity, BC Card plans to reduce the principal repayment burden through repayment installment adjustments and refinancing. This is expected to alleviate the repayment burden on loan balances worth up to 30 billion KRW.

Woo Sang-hyun, Vice President of BC Card, stated, "We will actively support smooth financing and business normalization for small and micro merchants," adding, "We will continuously cooperate with financial companies affiliated with BC Card to maximize the effects of win-win finance."

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