GLN Expands QR Payment Network in South Korea
GLN, a subsidiary of Hana Bank, is adding 500,000 new merchants in South Korea through a partnership with Coocon. This significantly expands its QR payment network for international travelers.
GLN, an affiliate of Hana Bank, has substantially expanded its QR payment service network within South Korea through a partnership with Coocon. This collaboration integrates 500,000 new Seoul Pay merchants, bringing GLN's total QR payment network coverage to approximately 1.5 million merchants across the country.
The expansion aims to enhance the payment experience for international travelers visiting Korea. GLN's services are expected to significantly ease transaction processes for foreign visitors utilizing QR code-based payments.
This development occurs amidst a rise in QR payment adoption among international visitors. Transaction volumes and values for QR payments have reportedly seen a notable increase during the first quarter, indicating growing popularity and demand for the service.
GLN's strategy involves continuous network growth and the provision of seamless payment solutions for its international clientele. This expansion in the South Korean market is part of a broader initiative to strengthen its global footprint and facilitate cross-border payments.