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FSC Designates Additional 'Innovative Financial Service' for Regulatory Sandbox
Date 2021.01.27 Views 21

<p>The FSC designated two more &lsquo;innovative financial service&rsquo; providers for its regulatory sandbox program on January 27, bringing the total number of such designation to 137 since launching the financial regulatory sandbox program on April 1, 2019.</p> <p>&nbsp;</p> <p>The newly designated service is a credit card service for underaged family members that allows parents to set the maximum usage limit as well as the places where it can be used&nbsp;(Samsung Card &amp; Shinhan Card).</p> <p>&nbsp;</p> <p>The service is expected to boost the convenience in small-sum financial transactions and promote responsible consumption habits among high school and middle school aged students. The service is expected to be available in June this year.</p> <p>&nbsp;</p> <p>&nbsp;</p> <p>* Please refer to the attached PDF for details.</p> <p>&nbsp;</p> <p>&nbsp;</p>

210127 FSC Designates Additional Innovative Financial Service for Regulatory Sandbox.pdf