Woori Bank Expands Payment Partnership with Samsung Electronics... "Samsung Wallet Money·Point" Set for Launch

Introduction of Prepaid Top-Up to Easy Payment Service
Enhancing Competitiveness in the Digital Payment Market

Woori Bank announced on September 25 that it has been selected as the operating partner for Samsung Electronics' digital payment service, "Samsung Wallet Money·Point."

"Samsung Wallet Money·Point" is an integrated payment service within Samsung Wallet, which is pre-installed on Samsung Galaxy devices. The service introduces a point accumulation and usage system, allowing users to make payments with accumulated points. Scheduled for launch in the fourth quarter of this year, "Samsung Wallet Money·Point" will support not only card payments but also payments through registered bank accounts and virtual account top-ups. This enables anyone to conveniently use the easy payment service, regardless of whether they possess a card.

Since the beginning of this year, Woori Bank and Samsung Electronics have been jointly developing the service, implementing features such as easy registration, fast top-ups, real-time transfers, secure payments, and instant point accumulation. In particular, by combining payment and points, the service offers differentiated benefits, setting it apart from existing easy payment services.

The domestic easy payment market has grown rapidly over the past five years, with an average annual growth rate of more than 20%, and now reaches a daily transaction volume of 1 trillion won. Through this collaboration, the companies aim to provide a new financial service experience not only to Galaxy users in Korea but also to Woori Bank customers, further strengthening their competitiveness in the easy payment market. To celebrate the official launch of the service, both companies are preparing a variety of financial products and events.

Jung Jinwan, CEO of Woori Bank, stated, "This partnership with Samsung Electronics is a meaningful collaboration that creates synergy and maximizes customer benefits. Through this cooperation, we will provide innovative financial services to even more customers."

Chae Woncheol, Head of the Digital Wallet Team at Samsung Electronics' MX Division, emphasized, "Samsung Wallet Money·Point is a service that combines payments and rewards, adding tangible consumer benefits to the convenience of the existing Samsung Wallet. We will continue to pursue customer-centric innovation going forward."

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