GLN International (GLN), the cross-border payment network company established by Hana Financial Group, signed MOU with DGB Daegu Bank to expand the global payment network.
GLN (Global Loyalty Network) is a global payment network service provider which connects international financial institutions, distribution networks, and loyalty program providers. Through GLN service users can enjoy fast, convenient, and cost-efficient cross-border mobile QR payment, ATM withdrawal service and remittance.
GLN’s services are currently provided through mobile banking apps like “Hana 1Q” from Hana Bank, “Kookmin Wallet” from KB Kookmin Bank, “Toss,” and “Hana Money“. DGB Daegu Bank’s decision to join the GLN network is based on the commitment to offer Korea-led payment services to its customers. Soon, customers using DGB Daegu Bank’s iMBank app will be able to use mobile QR payment and ATM withdrawal services in regions such as Thailand, Taiwan, Singapore, Japan, Vietnam, Guam, Saipan etc. DGB Daegu Bank is also planning to continuously introduce new financial services, including tuition payment service for international students.
Kim Kyung-ho, CEO of GLN International, said, “We are delighted that GLN and DGB Daegu Bank became new global partners and will make proactive efforts to provide a variety of cross-border financial solutions to the users of our domestic and international partners.”