Shinhan Investment Corp. Partners with Travelwallet to Promote Mutual Growth Based on Open Platform

Shinhan Investment Corp. announced on the 16th that it has signed a memorandum of understanding (MOU) with Travelwallet, a company specializing in foreign currency payment, exchange, and remittance, to promote a cloud technology-based open platform.

Travelwallet offers a foreign currency recharge application service that has recently gained popularity among overseas travelers. It is also Visa's cloud processing partner, having built the world's first 100% cloud-based international payment infrastructure. Shinhan Investment Corp. aims to discover an open platform business model that fosters a financial ecosystem by integrating the technologies of both companies in building and operating cloud-based financial infrastructure.

Based on its investment experience in tech companies, Shinhan Investment Corp. is preparing an open platform that combines technology and business. Travelwallet was selected as the first partner, and a technology roadmap was designed to jointly develop eight technical solutions that can grow together through the open platform.

The two companies plan to equip the open platform with various solutions that allow investors to use leftover funds after overseas investments for overseas travel, foreign currency payments, overseas remittances, and even invest in projects aimed at improving the outdated global payment infrastructure. Shinhan Investment Corp. selected Travelwallet as a partner, noting its successful innovation by building the international payment infrastructure 100% on the cloud.

Kim Sang-tae, CEO of Shinhan Investment Corp., said, "We believe the key to business success in the digital era is the cloud," adding, "Shinhan Investment Corp. is also preparing to transition to cloud technology that aligns with the philosophy of connection and expansion, and will pursue co-growth plans with Travelwallet."

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