Danal Signs MOU with OK Savings Bank to Build Joint Digital Finance Business Model

From the left, Danal Jin Changyong, Head of Business Division, and OK Savings Bank Jung Gilho, CEO. Danal

Danal is set to accelerate the development of digital financial services optimized for the Southeast Asian market in partnership with OK Savings Bank.

On July 21, Danal, a leading integrated payment business company, announced that it had signed a business agreement with OK Savings Bank to strengthen cooperation in digital finance.

Through this agreement, Danal's stable payment infrastructure and blockchain technology will be combined with OK Savings Bank's financial infrastructure and new technologies such as AI to launch a digital blockchain-based electronic financial business. The two companies will also soon establish a joint consultative body to enable a rapid service launch.

In particular, both companies have agreed to prioritize the launch of services in the Southeast Asian market, including Indonesia and Cambodia, where OK Financial Group's affiliates are most active. Danal has also secured local infrastructure, such as by recently launching collaborative services with ZaloPay, a leading payment method in Vietnam, which is expected to accelerate service activation.

Jin Changyong, Head of Business Division at Danal, stated, "Currently, Southeast Asia is considered a market with high potential for growth, as digital financial payments are actively used for shopping, public transportation, and delivery services. Alongside our dynamic business expansion in the domestic market, we will also move quickly to secure a leading position overseas through this agreement with OK Savings Bank."

Meanwhile, as a leading company in virtual asset payments, Danal is expanding its market influence by simultaneously advancing its services and establishing partnerships with various financial institutions. The company is proactively responding to the institutionalization of stablecoins by registering trademarks and building its own system that integrates on-chain remittance and real-time payments.

OK Savings Bank, as part of the OK Financial Group, has continuously invested in and paid attention to related businesses, resulting in the establishment of an internal private blockchain and the capability to operate practical services. This year, the bank has also accelerated its digital transformation by creating an AI team under its Future Digital Division.