Enable customers to pay using Shinhan Bank, one of the most trusted payment methods in South Korea.
Accept payments through a single API, settle globally, and access local payment rails without building market-specific infrastructure.
Summary
Shinhan Bank is one of the most widely used payment methods in South Korea, enabling consumers and businesses to send and receive payments through private commercial retail bank transfers. It plays an important role in the country's payment ecosystem, offering a familiar and trusted way for customers to complete transactions.
Commanding an estimated market share of 22% of electronic commerce alongside more than 22M+ digital accounts, Shinhan Bank has become a preferred payment option for online purchases, business payments, subscriptions, marketplace transactions, and everyday commerce in South Korea. For businesses looking to expand into South Korea, accepting Shinhan Bank can help improve checkout conversion rates, increase payment acceptance, and provide a localized payment experience. Through Echo Money, businesses can accept Shinhan Bank seamlessly, manage settlements, and access regional infrastructures.
At a glance
Integrate with Echo Money. Connect to Echo Money through a single API and gain access to 150+ local payment methods including Shinhan Bank, global payment rails, and stablecoin infrastructure.
Enable Shinhan Bank. Activate Shinhan Bank for your business and configure how you want to collect, send, or settle payments in South Korea without managing multiple local providers.
Start Accepting and Sending Payments. Your customers can immediately begin paying through Shinhan Bank via a fully white-labelled experience, while you collect funds, process payouts, and move money seamlessly.
Scale with Built-In Compliance. Echo Money handles compliance requirements, including KYC, KYB, transaction monitoring, and payment operations, helping your business expand into South Korea without the complexity of managing local payment infrastructure.
Businesses across industries use Shinhan Bank to offer a more localized payment experience and improve payment performance in South Korea.
E-commerce Platforms use Shinhan Bank to increase checkout conversion rates and reduce payment friction.
Marketplaces rely on Shinhan Bank to collect payments from buyers while supporting efficient seller payouts.
Gaming & Digital Businesses leverage Shinhan Bank to improve payment acceptance rates and support seamless in-app purchases.
Travel, Fintech, and Global Merchants use Shinhan Bank to collect local payments in South Korea without building country-specific payment infrastructure.
SaaS Companies collecting recurring payments use Shinhan Bank to reach customers in South Korea through familiar and trusted payment methods.
Echo Money brings Shinhan Bank and 150+ local payment methods into a single platform. With one integration, businesses can
Enable Shinhan Bank through a single API and manage collections, payouts, and settlement alongside 150+ local payment methods.
Accept Shinhan Bank with built-in KYC, KYB, transaction monitoring, and compliance controls designed for cross-border payment operations.
Collect funds through Shinhan Bank and settle in local currencies, major global currencies, or stablecoins through a unified settlement infrastructure.
Offer Shinhan Bank through a fully branded payment experience while Echo Money powers the infrastructure behind the scenes.
Shinhan Bank is a widely used payment method in South Korea that enables consumers and businesses to move money securely through local payment infrastructure.
Connect to Shinhan Bank through Echo Money and give customers a payment experience they already know and trust.
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