In South Korea, the average adult has 5.2 bank accounts and 3.6 credit cards
student in Seoul, racks his brain to answer a simple question: where do you bank? At three different institutions, it turns out, with six active accounts. One bank was nominated by a grant-giving body for the payment of a scholarship, another offered perks while he was doing military service and a third was where a previous employer insisted his salary be paid. He has several other dormant accounts, and “too many cards to remember”. One of them he applied for merely to get a bonus.
Founded in 2013 by Lee Seung-gun, a former dentist, Viva Republica tried several other ventures before going into digital payments with Toss , which has since grown into a comprehensive money-management app. Users can aggregate accounts, cards and loans into a single view, with outgoings classified by category. They can sign up for financial products, with Toss earning a commission. “If you’re looking for convenience, you have to use Toss,” says Yu, the overbanked student.
Bank Salad , from Rainist, a fintech founded in 2012, is taking a narrower approach. It has 4m users and also offers account aggregation and money management, though not payments or transfers. Its chief executive, Kim Tae-Hoon, says it aspires to be a financial-adviser version of Jarvis, theRainist’s strength is its data-driven referral system, which suggests products based on users’ spending patterns.
Kakao is now making a full-frontal assault on South Korea’s incumbent banks. In 2017 a consortium including Kakao Corporation, the brand’s parent company, won one of the country’s first two licences to run a digital bank. Kakao Bank has been a runaway success: within 13 days 2m people had signed up for current accounts and it now has 8.9m clients . Theis considering allowing non-financial firms to hold larger stakes in banks and granting two more digital licences. Toss hopes to win one of them.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
North Korea fires short-range projectiles after failed nuclear summit: South KoreaNorth Korea fired several short-range projectiles from its east coast on Saturda...
Consulte Mais informação »
South Korea: North Korea fires an unidentified projectileSEOUL, South Korea (AP) — South Korea's military says North Korea has fired at least one unidentified projectile from its western area. It's the second such launch in the last five days. The...
Consulte Mais informação »
The Latest: S. Korea criticizes North Korean launchesSEOUL, South Korea (AP) — The Latest on North Korea test firing short-range missiles (all times local): 4 p.m. South Korea says it's 'very concerned' about North Korea's weapons...
Consulte Mais informação »
South Korea automakers' group urges end to subsidies for Chinese EVsA South Korean automakers' group called on Friday for an end to generous st...
Consulte Mais informação »
North Korea fires short-range missile: Yonhap News AgencySouth Korea military confirms North Korea fires a short range missile; South Korean and U.S. authorities are conducting a joint analysis. More:
Consulte Mais informação »
North Korea fires an unidentified short-range missileThe South Korean Joint Chiefs of Staff says North Korea has fired an unidentified short-range missile toward the east
Consulte Mais informação »
North Korea fires several short-range projectiles, South Korean military saysThe action is likely to raise tensions with Washington but not break Pyongyang’s self-declared moratorium on ballistic missile tests.
Consulte Mais informação »
North Korea launched a short-range missile, South Korean military saysNorth Korea launched a short-range missile Saturday morning, South Korea's joint chiefs of staff said, according to South Korea's Yonhap news outlet.
Consulte Mais informação »
North Korea has fired an unidentified projectile, South Korea's military saysNorth Korea fired an unidentified projectile on Thursday, according to the South Korean military, less than a week after leader Kim Jong Un oversaw the test-firing of multiple rockets and missiles.
Consulte Mais informação »
North Korea fires an unidentified short-range missileSEOUL, South Korea (AP) — North Korea on Saturday fired an unidentified short-range missile from its eastern coast, the South Korean Joint Chiefs of Staff said, a likely sign of Pyongyang's...
Consulte Mais informação »