Cancellation Fee Guarantee... Already Popular Overseas
"Launched to Meet the Surge in Travel Demand After the Endemic"
Kakao Pay Insurance announced on the 15th that it has signed a memorandum of understanding (MOU) with the overseas travel platform Interpark Triple. The two companies plan to build a strategic partnership and accelerate innovation in the travel and fintech ecosystems.
As a result of this agreement, new insurance products such as "travel cancellation insurance" will be developed. Travel cancellation insurance is a product that covers fees incurred when a trip is canceled and is already popular overseas. Unlike existing travel insurance that only covers accidents occurring during overseas travel, it can reduce user burdens from the travel planning stage.
Jang Young-geun, CEO of Kakao Pay Insurance, stated, "Travel cancellation insurance is the first product introduced for user convenience in response to the surge in travel demand after the endemic (periodic outbreak of infectious diseases)."
Shin Jeong-ho, head of the travel business group at Interpark Triple, said, "We aim to create a leisure environment where people can prepare for travel comfortably without cancellation burdens," adding, "We plan to strengthen our strategic collaboration to continue innovating the travel and fintech industries."
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