NongHyup Bank Expands Digital Financial Ecosystem with Naver Pay

Signing of Strategic Business Agreement

NH Nonghyup Bank announced on the 25th that it has signed a 'Strategic Business Agreement for the Expansion of the Digital Financial Ecosystem' with Naver Pay.

The previous day, Kang Taeyoung, President of Nonghyup Bank, along with other executives, visited the Sejong Naver Data Center 'Gak Sejong' to discuss the establishment of a mutual cooperation system and practical service collaboration plans.

Both companies will promote cooperation in various fields, including launching data-driven customized financial products, developing innovative payment services for differentiated user experiences, and providing financial and business support for rural and regional growth.

This agreement was prepared to combine Nonghyup Bank's offline financial infrastructure with Naver Pay's digital technology and platform capabilities to provide customers with innovative financial experiences, according to Nonghyup Bank.

President Kang said, "This business agreement will serve as a catalyst for customers to experience a higher level of financial services," adding, "We will expand financial services that exceed customer expectations and lead digital financial innovation."

On the 24th, at the agreement ceremony held at the Naver Data Center in Sejong, Kang Tae-young, President of NH Nonghyup Bank (right in the photo), and Park Sang-jin, CEO of Naver Pay, are taking a commemorative photo. Photo by NH Nonghyup Bank

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