20 July 2018
Visit www.avoka.com

Hanvit Bank launches mobile banking service

10 December 2001  |  3358 views  |  0 Hanvit Bank launches mobile banking service

Hanvit Bank, South Korea's second largest bank, has launched a new mobile banking service using technology from 724 Solutions.

The service, available in either Korean or English, will be rolled out to the bank's one million-plus online banking customers over LG and SK Telecom networks by the end of the year.

Customers will be able to check account balances, view transaction histories, arrange credit card cash advances and initiate funds transfers from other bank and credit card accounts via their wireless devices.

According to the Korean Ministry of Information and Communications, South Korea has one of the highest adoption rates of mobile technology, with 29 million mobile phone subscribers and 19 million mobile data users.

Earlier this year, the bank rolled out its aggregation service eClips - also based on technology from 724 Solutions - to its online customers, and to date, more than 18,000 have signed up.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Card groups create Mobile Payments Forum

Card groups create Mobile Payments Forum

07 November 2001  |  4629 views  |  0 comments
Yankee Group warns of mobile payments threat to banks

Yankee Group warns of mobile payments threat to banks

02 November 2001  |  3814 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit https://secure.vasco.comVisit iliad-solutions.com/

Who is commenting?

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
12916 views comments | 6 tweets | 7 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
10360 views comments | 9 tweets | 17 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
9759 views 19 comments | 15 tweets | 30 linkedin
IBM to test dollar-pegged 'stablecoin'IBM to test dollar-pegged 'stablecoin'
6794 views comments | 4 tweets | 14 linkedin
Bringing about new systems and faster payments globallyBringing about new systems and faster paym...
6596 views comments | 2 tweets | 7 linkedin

Featured job

to GBP £90K base, double OTE (estimate)
London, UK or Europe

Find your next job