Samsung-Hyosung-Woori Bank, unified for ‘Samsung Pay’! 2015.09.07

2015.09.07

    Nautilus Hyosung, a Hyosung’s subsidiary specialized in financial automatic machines, announced on 7th that the company began the ATM (automated teller machine) service supporting the ‘Samsung Pay’ which enables cash withdrawal through only contacting a smart phone to the ATM, in collaboration with Samsung Electronics and Woori Bank.

    The ATMs which give the Samsung Pay withdrawal service are only the ATMs developed by Nautilus Hyosung and distributed over about 1,000 nationwide Woori Bank branches.

    This service has been realized because Nautilus Hyosung succeeded in developing software for about 4 months together with Samsung Electronics and Woori Bank, and it is the result of adding to the technology and security knowhow Nautilus Hyosung has accumulated in the financial automatic machines market the mobile payment technology of Samsung Electronics and operation knowhow of Woori Bank.

    With this Samsung Pay withdrawal service, Nautilus Hyosung has established a foothold to make full-scale entrance to the FinTech market. The Company has a plan to develop diverse services and functions to be able to satisfy rapidly growing customers’ needs for FinTech service while expanding the Samsung Pay withdrawal service to the ATMs of worldwide main banks in the future.

    Mr. Cho Hyun-joon, Hyosung’s Head of Information & Communication PG (president) said “Hyosung is a company with high technology and knowhow in finance and IT,” and, “we will make active efforts to develop the global market and secure customers on the basis of such new technologies as FinTech by combining the newest IT technologies with the accumulated technologies by us so far.”

    . In the meantime, demonstrating BTS (Branch Transformation Solution) which is a next generation ATM which enables customers to do all bank works through an ATM, Nautilus Hyosung is expanding the new technology markets in US and Europe.

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