[Digital Today Reporter Chigyu Hwang] Danal, an integrated payment business company, announced on the 30th that it will officially open the’Danal-UnionPay Mobile Prepaid Card’ service that can be used in the PayCoin app. This allows Paycoin UnionPay member stores to pay with a Danal-UnionPay prepaid card linked to Paycoin without a separate currency exchange.
As a mobile prepaid card promotion, Danal will be holding an event to provide 2 Paycoin (PCI) worth KRW 6,000 to subscribers who receive a card from the Paycoin app or brand webpage and register for the Paycoin app from April 1st.
According to the company, the Danal-UnionPay mobile prepaid card launched this time can be used at UnionPay QR merchants around the world, excluding China, through PayCoin recharge. It is only settled in local currency and can be consumed without currency exchange fees.
Along with Paycoin, various charging methods such as credit card, mobile phone payment, and account transfer also support automatic charging and dual security of Paycoin app password and biometrics.
In the future, when the Paycoin app starts supporting bitcoin, it will be possible to convert bitcoin to Paycoin and use it at UnionPay affiliates, the company explained.
Starting with the Paycoin app, Danal plans to promote the deployment of mobile prepaid cards through partnerships with other platforms as well as Danal’s simple payment platform’Damoum’. It plans to improve service quality and utilization by supporting overseas online payments and issuing physical cards.
An official of Danal said, “The Danal-UnionPay mobile prepaid card is a payment method that allows you to enjoy all daily services such as meals, accommodation, transportation, and shopping at a reasonable cost without country restrictions.” “We will be reborn as a payment service loved by the whole people by sequentially providing discount benefits comparable to those of commercial cards such as savings.”
Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.