Shinhan Bank and the Oferdate-based money transfer system OMICEGO signed MoU.
Shinhan Bank operates a loyalty program like Shinhan Fan's point, Fan Money, which means that it will expand its use by using block chains.
It seems that they want to utilize remittance functions such as VISA and Master that can be contacted by payment system and available in foreign countries.
In addition, emerging markets such as Southeast Asia are seen as a bridgehead for overseas market entry, given that mobile banking usage is higher than the actual bank usage rate and mobile penetration is higher than expected.