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.
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