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GLN joins DGB Daegu Bank to expand Global Payment Network

By Gloria Mathias

October 26, 2023

  • APAC
  • APAC Fintech news
  • APAC news
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GLN, Remitly, Korea, Cross-Border, Instant Payments, Domestic Banks, Payments Solutions, APAC News, Korea FinTech, US Fintech, Daegu Bank, Korea, APACGLN International (GLN), the cross-border payment network company established by Hana Financial Group, has signed an MoU with DGB Daegu Bank to expand the global payment network.

GLN (Global Loyalty Network) is a global payment network service provider that connects international financial institutions, distribution networks, and loyalty program providers. Through the GLN service, users can enjoy fast, convenient, and cost-efficient cross-border mobile QR payments, ATM withdrawal services, and remittances.

The company’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 its commitment to offer Korean-led payment services to its customers.

Potentially, 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 services 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.”

GLN continues to expand partnerships with Korean financial groups, enhancing domestic influence to lead the global payment market.

GLN, a subsidiary of Hana Financial Group specialising in overseas payments, is a digital foundation that connects global financial institutions and simple payment operators into one network with the vision of ‘connecting the world’s finances’ to enable payments, remittances, and withdrawals anywhere in the world.

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