Danggeun Pay Signs MOU with NH Nonghyup Bank for Safe Real Estate Transactions

Safe Payments for Danggeun Real Estate Transactions
Now Available via NH Nonghyup Bank Virtual Accounts

On August 11, local community platform Danggeun announced that its proprietary easy payment service, Danggeun Pay, has signed a memorandum of understanding (MOU) with NH Nonghyup Bank to ensure safe real estate transactions.

Through this agreement, Danggeun Pay and NH Nonghyup Bank plan to establish a close cooperative relationship in various areas, including: providing digital financial services (such as financial APIs) to protect Danggeun Real Estate users; technical collaboration to advance Danggeun Pay's B2B settlement process; and expanding partnership projects and pursuing joint marketing initiatives.

First, secure payment using NH Nonghyup Bank's virtual accounts will become available for Danggeun Real Estate transactions. Once the buyer confirms the validity of the transaction and completes the purchase, the payment?safely held in a separate account by NH Nonghyup Bank?is released to the seller. This secure payment service will be provided free of charge with no fees, and is being prepared for official launch within the year. Both companies aim to offer users a safer and more convenient real estate transaction environment through this agreement.

A Danggeun Pay representative stated, "Our top priority is to strengthen safety systems and build a robust user protection network across various transaction environments, including Danggeun Real Estate," adding, "With the establishment of a secure payment system for Danggeun Real Estate through this agreement, we expect to provide users with an even more reliable real estate transaction environment."