Woori Financial Group Launches First Dedicated Air Cargo Payment Service in Financial Sector
Woori Bank·Card Introduce 'New Payment Solution' with iNomad
Woori Financial Group is launching a dedicated payment service for air cargo. On the 10th, Woori Bank announced that it signed a business agreement on the 9th at its headquarters in Jung-gu, Seoul, to promote digital transformation and mutual growth in the air cargo market.
Woori Bank and Woori Card will introduce a ‘new payment solution’ together with the air cargo digital platform iNOMAD, starting a dedicated payment service for air cargo. Export-import logistics companies using iNOMAD can handle freight inquiry, reservation, and payment using a dedicated card all at once within the platform through the new payment solution.
Until now, small and medium export-import logistics companies have faced the burden of submitting payment guarantees when dealing with airlines or consolidators (companies that transport cargo from multiple shippers together), and have had difficulties comparing prices and making reservations between airlines and consolidators. Woori Bank stated that this platform can help companies easily compare and pay freight charges and assist airlines in safely settling payment funds.
To promote the activation of the solution, logistics companies that book Jeju Air using the dedicated card on iNOMAD for the next three months will receive a point accumulation benefit of up to 0.5% of the payment amount, including additional points.
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A Woori Bank official said, “The new air cargo payment solution is an essential service that solves difficulties for both export-import logistics companies and airlines in the air cargo market, which was a blind spot for financial services,” and added, “We plan to continue collaborative projects with various companies for the development of the air market.”
Woori Bank signed a business agreement for a new air cargo payment solution with Woori Card, Inomad, and Jeju Air at the Woori Bank headquarters on the 9th. From the left: Im Jun-seok, CEO of Inomad; Kim I-bae, CEO of Jeju Air; Cho Byung-kyu, President of Woori Bank; Park Wan-sik, CEO of Woori Card. Photo by Woori Bank
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