On June 17, KB Kookmin Card announced that it will launch a service on June 22 allowing users to convert Pointree into local currency through Kona I, which has been operating a local currency platform in over 64 municipalities since 2018.
This service will be available to both KB Kookmin Card members and Kona I local currency members. It can be accessed through apps from 18 local governments, including the Cheonan Love Card and Gyeongju Pay.
Members can convert their Pointree into local currency for use at small businesses. The conversion rate is set at 1 Pointree per 1 won, with a minimum conversion of 10 Pointree and a maximum of 100,000 Pointree per month.
The two companies expect this collaboration to broaden the use of Pointree and stimulate consumption in local markets, thereby increasing sales for small businesses and revitalizing local economies.
A representative from KB Kookmin Card stated, "We have developed this service to contribute to the revitalization of local economies and promote consumption in local markets. We will continue to expand various financial services that enhance customer convenience while growing alongside the community."
* This article has been translated by AI.
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