Citibank Korea Inc., or CKI, is prepping the launch of their VM mobile banking service for web-enabled mobile phones. The service is going to be provided to users in Korea, with the specific aim of catering to foreign customers as it will be launched in English instead of the native Korean.
CKI’s mobile banking service comes in the form of a mobile phone app that users have to download first in order to gain personal access. Once downloaded, this mobile banking service phone app will enable users to use various banking services such as transfer/inquiry, FX rate inquiry, loan inquiry and GIRO payment, as well as credit card inquiry and CA service.
Initially, this service will be offered to customers on SKT’s and KTF’s local network, with an option for existing users of CKI Internet banking to apply for the service via Internet. All new users will have to go to a branch of CKI in person to apply first, apparently.
As part of their launch celebration, CKI will let users transfer funds from their CKI accounts to other banks free of charge, regardless of frequency, according to the official press release. Not exactly the most demanded feature of mobile Internet users, but surely one of the more useful ones ever formulated.
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