Joint Mobile Platform
NH Nonghyup Bank is to revamp All One Bank, the first “joint mobile platform” in the investment banking industry.
All One Bank, which was launched in August last year, has gained popularity, boosted by its convenience, such as registration through another banks’ accounts and big letter remittance service for senior citizens, openness through active partnership with fintech firms, and coherence in real life, including travel package and auto loan package products. As of the end of 2016, the number of its subscribers surpassed 460,000.
In addition, the bank plans to release the global version of All One Bank in the second half of the year and come up with global market expansion strategy connecting with the opening of overseas branches. According to an official from the smart finance division at NH Nonghyup Bank, the bank recently opened a branch in Vietnam and is currently in talks for a business tie-up with local companies to launch the Vietnamese version of All One Bank service.
Meanwhlie, NH Nonghyup Financial Group held an opening ceremony of “Nonghyup Finance Myanmar” in Yangon, Myanmar, on the 6th last month.
Nonghyup Finance Myanmar, the first foreign branch of NH Nonghyup Bank, is located in Yangon, the capital of the country’s economy, as a base and is planning to start small loan business for farmers and low-income workers. It also plans to expand its small loan business to other regions and push into banking industry in the medium and long term.
During the opening ceremony, NongHyup Financial Group Chairman Kim Yong-hwan said, “We will make Nonghyup Finance Myanmar a financial company that fulfills its social responsibility and prosper together with the local community.”