Woori Bank to launch digital wallet service for foreign tourists

Woori Bank said Thursday it plans to launch a dedicated digital wallet for overseas tourists to South Korea in the second half of this year to simplify payments and improve access to local financial services.

The bank said it signed a memorandum of understanding with fintech startup Crosshub on Wednesday to improve payments for foreign visitors and jointly develop financial services that address payment challenges commonly faced by those travelling to Korea.

Under the partnership, the two compan ...