- Taishin Bank in Taiwan
launched a QR payment service, TaishinPay, through its
- The payment service is now available at major domestic
duty-free shops, convenience stores, cafes, and other affiliated
SEOUL, South Korea,
May 26, 2023 /PRNewswire/ -- GLN
International(Global Loyalty Network, GLN) announced the launch of
the QR payment service in South
Korea in collaboration with Taishin Bank from Taiwan.
Established in 1992, Taishin Bank is a leading bank in
Taiwan, committed to provide
cutting-edge services and solutions with a focus on digital
Through Taishin's e-wallet service, Taishin Pay, Taiwanese
tourists visiting Korea can conveniently make QR payments with
Taishin Point generated by credit card consumption only at major
domestic merchants such as duty-free shops, convenience stores, and
coffee shops without cash in hand. They can also enjoy the benefits
of lower transaction fees compared to overseas credit card
With the end of COVID-19 pandemic, the number of Taiwanese
tourists visiting Korea has steadily increased. According to data
from the Korea Tourism Organization, the number of Taiwanese
tourists in March 2023 reached
63,000, recovering about 80% of the pre-pandemic levels and
becoming important customers in the Korean travel industry.
Taishin is planning to launch a cashback promotion for
Taishin Pay customers visiting Korea, and it also aims to expand
the range of preferred travel services by collaborating with
various Korean merchants and tourist attractions.
Since entered into the partnership with Taishin in 2019, GLN has
been providing Korean tourists visiting Taiwan with the payment services at 30,000
merchants across Taiwan with
applications from Hana Bank,
Hana Money, and Toss. In addition,
the promotions provide 1+1 offers and discounts at retailers such
as Everrich Duty Free Shop and one of convenience stores,
FamilyMart in on-going until the limit allows.
Kim Kyung-ho, CEO of GLN
International said "We are very delighted that Taishin Pay
customers can now conveniently use QR payment services in Korea."
He added, "In the near future, we plan to establish networks to
enable customers using e-wallet apps from Japan, Singapore, Vietnam, and Thailand to make payments in Korea. We aim to
provide services available at approximately 1.5 million merchants
nationwide, including ZeroPay merchants."
GLN, established in July 2021 as a
fintech subsidiary of Hana Bank for
global payment and settlement network businesses, has formed
cooperative relationships with domestic and international financial
institutions. It currently offers QR payment, QR ATM withdrawal,
and tuition payment services in major global regions such as
Japan, Vietnam, Thailand, Taiwan, Hong Kong SAR, Singapore, Laos, and Guam.
With the launch of the Taishin Pay QR payment service with
Korean merchants, GLN completed the establishment of a two-way
payment service between Korea and Taiwan and plans to further expand to two-way
ATM withdrawal services as well.
Photo - https://mma.prnewswire.com/media/2086188/GLN.jpg