Hana Bank Partners With Public Delivery App Meokkabi, Plans Card and Low-Rate Loans

Hana Bank is entering the food delivery app market through a partnership with the public delivery app Meokkabi.

According to the financial industry on the 30th, Hana Bank signed a strategic alliance with Meokkabi and agreed to pursue joint projects.

Meokkabi promotes what it calls the industry’s lowest commission rate, about 1.5%. It charges no advertising, exposure or fixed fees. Some delivery apps charge brokerage commissions of about 9% to 10% and add advertising fees.

Rather than operating its own delivery app like Shinhan Bank’s Ttaenggyeoyo, Hana Bank plans to expand market share by supporting Meokkabi.

To boost usage, Hana Bank plans to launch a Meokkabi-branded Hana Card in the first half of the year. It will also promote and market Meokkabi through Hana Financial Group platforms such as Hana 1Q.

As part of efforts to strengthen inclusive finance, Hana Bank will provide low-interest loans to Meokkabi merchants through contributions to the Incheon Credit Guarantee Foundation.