Gangwon Local Currency Payment Linked to Shinhan Bank's "Ddaenggyeoyo"

Signing of Public-Private Partnership Delivery App Agreement with Gangwon Province

"Business Support Points" to Be Provided to New Affiliated Merchants

Shinhan Bank will integrate a Gangwon local currency payment option into the "Ddaenggyeoyo" application.

Lee Geuk-Sang, president of the Gangwon Small Business Association, Woo Sang-ho, governor of Gangwon Province, and Kang Dae-oh, head of Shinhan Bank Future Innovation Group (from left), are posing for a commemorative photo at the "Gangwon Small Business Financial Support and Delivery App Ttaenggeo Operation Business Agreement Ceremony" held at the Gangwon Provincial Government on the 22nd. Shinhan Bank

Shinhan Bank announced on the 22nd that it has signed a "Public-Private Partnership Delivery App Business Agreement" with Gangwon Province at the Gangwon Provincial Government Office.

This agreement has been established to reduce the burden on small business owners in using delivery apps by having Shinhan Bank's collaborative delivery app Ddaenggyeoyo work together with Gangwon Province. According to the agreement, Shinhan Bank will add a Gangwon local currency payment feature to the Ddaenggyeoyo app and provide business support points of up to 300,000 won to new affiliated merchants. Through this initiative, the aim is to improve payment convenience for customers and support the entry and sales growth of local small businesses on Ddaenggyeoyo.

Shinhan Bank has previously promoted collaborative delivery app services with major local governments in Gangwon — including Chuncheon, Wonju, Gangneung, and Hongcheon. With this new agreement, the partnership, which was previously limited to city and county levels, will now expand to cover the entire Gangwon region.

Ddaenggyeoyo is based on a low 2% intermediary fee and fast settlement process. It is currently operating in partnership with 63 municipalities nationwide, including Seoul and Busan.

A Shinhan Bank representative said, "With this agreement, we will continue to serve as a collaborative delivery app that grows together with local communities by providing more substantive benefits to small business owners and customers in Gangwon."

This content was produced with the assistance of AI translation services.