SEOUL, July 23 (Korea Bizwire) –The sense of urgency that IT companies are encroaching on the mobile payment market is making banks to competitively beef up their smartphone-based electronic commerce services and scramble into the “war of mobile wallet.” Mobile Wallet or E-Wallet is a service that provides a convenient and technologically quick method [...]
SEOUL, July 14 (Korea Bizwire) — “Alert Apps” of banks have become popular among smartphone users. The apps allow users to receive text message alerts whenever they make banking transactions. In addition, the apps can prevent banking fraud such as smishing. For example, the subscriber number of “One Touch Alert” provided by Woori Bank has recently [...]
SEOUL, Korea, April 30, 2014 (Korea Bizwire) – New loans offered by commercial banks to small business owners are gaining popularity. According to banking sources on April 29, “Neighborhood Loan” given out to self-employed businesspeople was sold 20.3 billion won in 544 cases as of April 22, with an outstanding loan balance at 15.4 billion [...]
SEOUL, Korea, August 05 (Korea Bizwire) – Shinhan Investment Corporation announced on August 2 that it will begin a ‘Stock-Loan Service’ and hold a promotional event until October 31. The ‘Stock-Loan Service’ is a financial service by which Shinhan Investment Corporation lends stocks of one investor to a third party while offering a certain profit. Customers that [...]