Noluniverse (CEO Lee Cheol-woong) announced on the 13th that it signed a Memorandum of Understanding (MOU) with Woori Bank and Kona I on the 5th to provide prepaid card-based financial services exclusively for foreigners. This collaboration aims to improve payment convenience and financial accessibility for foreign tourists visiting Korea.
The three companies plan to jointly offer a prepaid card exclusively for foreigners and intend to proceed with system integration and the establishment of partnership infrastructure with the goal of launching the service this coming April. The service will be provided through 'NOL World,' a travel, ticket, and experience platform operated by Nol Universe, and will consist of products linked to K-performance tickets and tourism packages, as well as a standard product that allows for standalone card purchases.
Kona I will leverage domestic card payment infrastructure to support transportation card functions and payments at online and offline merchants, and plans to offer additional benefits at major merchants frequently visited by foreign tourists. Woori Bank will support card issuance at currency exchange counters at Incheon Airport so that foreign tourists can use the cards immediately upon arrival, and will provide preferential exchange rates for domestic use. Furthermore, the bank plans to enhance user convenience by offering currency exchange and top-up services through its unmanned currency exchange machines and ATMs.
Hong Seong-gyu, the business strategy leader of Nol Universe, said, “This prepaid card service is an opportunity to expand beyond platform operation for foreigners to a service that encompasses the entire travel process,” and “We will build an ecosystem linked to the NOL World platform to provide practical convenience throughout the entire trip for foreigners visiting Korea.”
The three companies plan to continuously strengthen their competitiveness in foreign-focused financial services, including by adding additional financial functions in the future.
Recently, the domestic tourism and fintech industries are expanding prepaid card and simple payment services for foreign tourists, and efforts are increasing to simultaneously improve tourism convenience and financial accessibility.
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