The bank said that by 2021, the e-wallet will provide support for “more than 300 types” of documentation. The bank also claimed that its blockchain-powered system will allow customers to do away with paper-based document submission processes – instead allowing users to prove their identity online. The move is in line with Seoul’s recent push toward contact-free digital solutions that leverage industry 4.0 technology.
The wallet has launched as part of the NH smart banking offering, and allows customers to submit the sort of tax payment certificates and health insurance qualification certificates usually required to conduct financial transactions in digital form.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.