Hana Monetary Group Chairman Ham Younger-joo, entrance row fourth from left, poses with group officers and prospects on the group’s headquarters in Seoul, Friday. Courtesy of Hana Monetary Group
Hana Monetary Group’s Travlog platform has surpassed 10 million customers, a feat highlighting the platform’s dominance amid the group’s accelerating shift towards digital journey finance providers for outbound vacationers, the group mentioned Sunday.
This solidifies Hana’s place as a pacesetter in abroad cost and international alternate providers amid fierce competitors between banks and fintech companies to lock in a rising variety of Korean vacationers looking for simple, mobile-enabled monetary providers overseas.
The group mentioned Travlog has logged 5.4 trillion gained ($3.6 billion) in international alternate transactions as of final week, the biggest quantity recorded by any monetary platform in Korea.
It has additionally maintained the highest market share within the abroad debit card marketplace for 34 consecutive months.
Launched in July 2022, the platform was the primary monetary entity to introduce a fee-free international alternate service for worldwide vacationers.
It additionally eliminated abroad remittance charges and abroad ATM withdrawal charges.
As of December, these providers led to a mixed 336 billion gained in financial savings for customers.
It providers 58 currencies on the Hana Cash app and presents international providers with out abroad transaction charges.
Its companions embody Mastercard, Visa and UnionPay, permitting prospects to attach accounts from all banks, brokerages and financial savings banks.
The group held a ceremony at its headquarters in Seoul on Friday to have a good time the milestone, attended by Chairman Ham Younger-joo, group executives and workers.
The group additionally invited the ten millionth subscriber to the occasion and gifted the client 2 million gained value of Hana Cash.
“We are going to proceed to create travel-related monetary providers tailor-made to customers who need comfort, clear pricing and digital integration,” the group mentioned.
