February 8, 2023


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GLN and KB Join Forces to Set up World-wide Payment Network

2 min read

–         KB Kookmin Lender to be part of GLN network to increase Korea-pushed world-wide payment community

–         Korean economic teams cooperate to fortify global payment community and guide the foreseeable future financial ecosystem

–         KB Kookmin Lender to supply cellular payment and ATM withdrawal provider to buyers in Thailand, Taiwan, Singapore, Japan, Vietnam, Laos, Hong Kong, Guam and other people by way of GLN

SEOUL, South Korea, Dec. 18, 2022 /PRNewswire/ — GLN Intercontinental (GLN), the international payment network company founded by Hana Monetary Team, signed MOU with KB Kookmin Bank to be a part of the international payment network.

Just one of the greatest Korean lender which has fiercely competed in a international industry, resolved to cooperate with GLN to expand the community jointly.

GLN (Global Loyalty Community) is international payment community support provider which connects worldwide economical firms, distribution channels and reward place providers so that customers can delight in cross-border mobile payment, ATM withdrawal company and remittance.

Hana Lender first launched GLN in April, 2019 by launching the world-wide mobile payment service and spun off ‘GLN International’ in July, 2021, to aid network enterprise and secure independence from its mom firm.

GLN’s support is delivered through Hana 1Q, the cellular banking application of Hana Bank, which features cellular payment provider in Thailand, Taiwan, Singapore, Vietnam, Japan, Laos, Hong Kong, Guam and mobile ATM withdrawal service in Japan, Vietnam, Laos, thanks to the partnership among GLN and regional partners.

KB Kookmin Bank’s software KB Starbanking, LiivNext, KB Wallet customers will also be able to use GLN’s cross-border mobile payment and withdrawal company, based on MOU signed between GLN and KB.

GLN International’s CEO Han Jun-Seong claimed, “To thrive in a international enterprise, the mutual cooperation amongst Korean financial companies is requisite. KB Kookmin Financial institution determined to be a part of GLN community as agreed on requirements to give Korea-pushed payment assistance to shoppers whilst beforehand having to depend on overseas-pushed community processors”.  

As KB Kookmin Financial institution joins GLN’s network, other economic corporations in Korea are also expected to participate in the group. Additional companies signing up for the community will bolster the competitiveness of GLN, and Korean fiscal market as a entire.

Supply GLN Global

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