Bo-eun leads the digital content team. She has covered foreign affairs, North Korea, tech, economy and gender issues at The Korea Times. She did a short stint at the South China Morning Post in Hong Kong, where she obtained a new perspective on news production and life. Small sources of joy for her are lounging in the sun, having a good latte and swimming.
Shinhan launches mobile banking app in India
An employee of Shinhan Bank's Indian branch poses with a signboard promoting Shinhan's launch of its mobile banking application in India. Courtesy of Shinhan Bank
By Kim Bo-eun
By Kim Bo-eun
Shinhan Bank said Thursday it has launched its mobile banking application Shinhan SOL in India.
The lender said with the launch of the app, it has become the first Korean bank in India to launch an inter-bank electronic funds transfer system, replacing existing security cards used in remittance services.
Shinhan said the app can be used to pay utility fees as well as mobile phone and internet bills.
"We will do our best to offer the best financial services to customers based on the launch of Shinhan SOL India, amid the growing preference for contactless transactions following the COVID-19 situation," an official of Shinhan's Indian branch said in a statement.
The bank said it is readying to launch a mobile-based real name verification system in line with the Indian government's plan to utilize bio-data. The lender said it plans to incorporate this to offer new services and attract more customers. Shinhan has six branches in India.