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GLN International enables QR payment structure for overseas visitors in Korea

By Gloria Mathias

August 25, 2023

  • APAC
  • APAC Fintech news
  • Cross Border Payments
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Korea Easy Payment Foundation has signed an agreement with GLN International to introduce GLN cross-border QR payment. GLN has introduced cross-border QR payments with Taiwan, Thailand, and Laos.

This agreement aims to collaborate between ZeroPay and GLN International with a global QR payment network to activate the domestic consumption of foreign tourists visiting Korea.

Two parties plan to promote the GLN’s cross-border QR payments from three main regions Laos, Thailand and Taiwan, within this year and expand its coverage from other Southeast Asian countries and other regions.

KEPF’s CEO Choi Tong-ju said, “We are willing to encourage foreign tourists to spend in Korea by adopting cross-border QR payment. In particular, Korea is a top destination for the region of Taiwan and Thailand tourists, and vice versa especially like to experience Korean food and lifestyle culture, which is expected to greatly help small, medium-sized merchants and revitalize the local economy.”

GLN International spun off from Hana Bank for a global payment network business, connects financial companies, distributors, and merchants into a single network, providing services such as QR payments, QR withdrawals (ATM), and overseas remittance freely through mobile without limitation of national boundaries.

GLN’s CEO Kim Kyung-ho said, “I am happy that foreign tourists visiting Korea will be able to use the ZeroPay QR merchants more conveniently. ZeroPay is a very important partner in realizing our strategy for global payment network expansion, starting with this agreement, we are planning to make a remarkable contribution to local economies and small and medium enterprises.”

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