Market Chatter: Shinhan Bank, GS Caltex to Come Up with Digital Payment Service

MT Newswires Live11-05

Shinhan Financial Group (KRX:055550) subsidiary Shinhan Bank and GS Caltex are partnering to introduce a prepaid digital payment service, allowing GS Caltex customers to use membership points and pre-load funds across several online and offline locations, Pulse News reported Monday.

The app will support open banking features, including easy recharges and refunds, and enable deposits for non-Shinhan customers through virtual accounts, the report said.

The firms did not disclose the date of launch of the payment service, the news outlet reported.

Shares of Shinhan Financial Group fell nearly 1% at market close on Tuesday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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