Wednesday, April 19, 2017

KB Kookmin Card -UMS, joint venture joint venture partnership



Entered into a strategic alliance, etc. [Korea gimseunghan financial newspaper reporter] KB Kookmin card 'UMS (United Merchant Services, Inc.)' and the joint venture and joint projects it said yesterday.

UMS will buy up to buy Korean merchant credit target the United States.

Through this partnership both companies △ 'UMS' reserves merchants target the financial services promotion △ equity investments and acquisition synergies new businesses dig through business expansion △ collaboration with local merchants target the big data-driven consulting services △ KB Financial Group subsidiaries through merger promoting joint projects in various fields was agreed to strengthen mutual cooperation.

KB Kookmin Card's established through collaboration with KB Financial Group's major subsidiaries of the 'UMS' in collaboration with the tentative play a global digital innovation strategy known role "(tentative name) KB Digital Lab" Explore a variety of new business opportunities and global linking pin-tech business start-ups and also plans to pursue vigorously.

It is also expected to continue to KB Kookmin Card, such as KB Financial Group holds big data, mobile and digital-based advanced technology and combine financial expertise with local merchants data of UMS to expand and diversify its business in the United States.

KB Kookmin Card said, "This Convention shall KB Kookmin Card is expected to be of great help to continue to secure new revenue base through overseas expansion and new business promotion in samgo year focused strategic tasks," said the center a "KB Kookmin Card by KB financial group plans to organically collaborate with its affiliates to pay a variety trying to catch itself as a successful model for the new global market that combines digital innovation "as said.



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