Cumulative transaction amount of KRW 9.8 trillion
[This article was reported on "Radar M," a paid media outlet specializing in the capital market in Mail Business, on June 25 (14:29).]
Travel Wallet, a foreign exchange settlement fintech company, announced on the 25th that it has selected NH Investment & Securities and KB Securities as the leading organizers of the initial public offering (IPO).
TravelWallet plans to upgrade its own foreign exchange and settlement infrastructure and strengthen its business base for overseas business expansion with the aim of listing on KOSDAQ in 2027.
TravelWallet selected NH Investment & Securities and KB Securities as the representative organizers by comprehensively considering the ability to carry out IPOs of fintech and financial platforms, research capabilities, and domestic and foreign institutional investor networks.
TravelWallet provides app-based foreign currency charging and overseas payment services. Users can charge the foreign currency they want in real time through the TravelWallet app and pay with a TravelWallet card at overseas online and offline affiliates.
Currently, it provides foreign currency charging and payment services for 46 currencies. As of June this year, cumulative card issuance exceeded 9.6 million and cumulative transactions exceeded 9.8 trillion won.
TravelWallet is also expanding its business into overseas digital wallet and business-to-business (B2B) payment infrastructure. It launched a digital wallet business for local users by launching a Japanese service in April.
In addition, based on its own cloud-based payment processing system and domestic and international card network linkage capabilities, it modulates and provides functions necessary for overseas payments, foreign currency settlement, and overseas card issuance.
Partners can quickly implement overseas financial functions within their services without directly building separate infrastructure.
TravelWallet has grown by popularizing foreign currency charging and overseas payment services and upgrading its own foreign exchange and payment infrastructure, said Kim Hyung-woo, CEO of TravelWallet.
"As we have proven our service competitiveness in the domestic foreign exchange market, we decided that it is time to challenge the larger market based on overseas digital wallets and B2B payment infrastructure projects," he added.
