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[News] New NFC Transit Recharge Feature for CoinShot Card Users

[News] New NFC Transit Recharge Feature for CoinShot Card Users

  • CoinShot prepaid electronic payment method… Integrated with BC Card for seamless physical transactions
  • Grows in tandem with remittance services targeting foreign workers, solidifying its position as an essential financial solution for foreigners
  • Continuous updates for user-tailored services… Launch of ‘Prepaid Transit Card TAB Feature’

FinShot, the operator of micro-transaction(Small sum) cross- border remittance service CoinShot, announced on the 23rd of September that it has launched a new transit card TAB feature for the CoinShot Card, receiving positive feedback from users.

CoinShot Card: The Essential Financial Solution for Foreigners

Catering primarily to foreigners residing in South Korea, the CoinShot service extends beyond small sum remittances. In December 2022, it introduced a foreigner-focused payment product, “CoinShot Card” which marks its second anniversary this year. The card integrates with the CoinShot Wallet, a prepaid electronic payment method, supporting both online and offline transactions, as well as prepaid transit card functionalities and ATM cash deposit/withdrawal services.

Foreign workers in South Korea have long faced hurdles in using convenient payment services due to various limitations. FinShot has aimed to lower these barriers by offering multilingual support and a simplified registration process. Since the card’s launch, the company has actively sought customer feedback through online and offline channels to provide services aligned with users’ lifestyles. Features like ATM cash deposit/withdrawal and automatic recharge have been especially well-received, with users praising the service for making their financial activities significantly more convenient.

FinShot emphasized that the CoinShot Card was developed to facilitate seamless financial activities for foreigners within South Korea. The company added that it will continue to evolve, aiming to offer an even more user-friendly financial services for foreign workers and residents.

New TAB Feature Launch: Easier Transit Card Recharging

In October 2024, FinShot further enhanced the CoinShot Card by adding a transit card TAB feature, designed to improve the user experience. This feature allows users to easily recharge their prepaid transit cards using the NFC tap function on their smartphones. With this update, users can recharge their transit cards effortlessly without the need to visit an offline kiosk or recharge station.
One satisfied CoinShot Card user commented, “It was always inconvenient to find a location to recharge my prepaid transit card, but thanks to this new feature, I can top up my card anytime, anywhere, just with my phone. It’s been a great help when I need to recharge on the go.”
FinShot stated that it continuously updates its services based on user feedback and remains committed to providing more innovative and convenient solutions.
As an electronic financial company with a focus on prepaid electronic payment methods, FinShot primarily serves foreign workers in need of remittance services. Currently, it supports remittances to 224 countries and has established a global financial network through partnerships with Western Union, Alipay, WeChat Pay, Cebuana Bank, and others.
In the second half of 2024, FinShot is also preparing to launch prepaid electronic payment services targeting not only foreign workers living in South Korea but also foreign tourists visiting the country. The company is committed to strengthening its position as a global financial platform and providing a more accessible financial environment for its users.

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