Woori Bank Signs Agreement with Nol Universe: "Embedding Finance in Travel Platforms"

Woori SAFE Settlement Service Applied to "NOL Ticket" Reservation System
Participation in Performance Venue Naming Sponsorships
Joint Marketing Initiatives Including Development of Products for Tourists

On December 4, Woori Bank announced that it had signed a strategic business agreement with Nol Universe to ensure that financial services can become a new growth engine for the travel industry, extending beyond simple payments.

The signing ceremony, held on December 3 at the new Nol Universe headquarters in TenX Tower, Pangyo, Seongnam, Gyeonggi Province, was attended by key executives from both companies, including Woori Bank President Jeong Jinwan, Head of Corporate Group Bae Yeonsu, Yanolja CEO Lee Sujin, and Nol Universe CEO Lee Cheolwoong.

Under this agreement, Woori Bank plans to expand customer accessibility and enhance the content competitiveness of the platform by listing some of the performance, exhibition, and sports products of "NOL Ticket" on the ticket sales platform scheduled for launch in the first quarter of next year.

The two companies will also concretize their collaboration in the payment sector. By integrating Woori Bank's "Woori SAFE Settlement" system into Nol Universe's airline ticket payment system, they aim to secure both the stability of fund settlements and convenience in payments. Based on this, they plan to accelerate joint promotions and the development of new products in the future.

"Woori SAFE Settlement" is an inclusive financial platform developed by Woori Bank using its own system, designed to create a transparent and trustworthy e-commerce environment specifically for small and medium-sized enterprises and small business owners.

In addition, the two companies agreed to cooperate in various areas, including: ▲ participation in naming sponsorships within performance venues operated by Nol Universe and its subsidiary NOL Theater; ▲ planning new payment models utilizing Nol Universe's prepaid simple payment service "NOL Money"; ▲ developing specialized financial products targeting domestic and international tourists; and ▲ establishing financial support programs for small business owners to create a sustainable travel and accommodation ecosystem.

Jeong Jinwan, President of Woori Bank, stated, "We are now in an era where the boundaries between finance and platforms are disappearing, and financial services are naturally blending into customers' daily lives. We will continue to expand a secure payment environment for travel and performances through increased customer accessibility via the ticket sales platform and the stable settlement system of Woori SAFE Settlement."

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