Business · Companies · 1 hr ago
Hana Card lets companies pay overseas card bills directly in dollars
South Korea's Hana Card is offering a corporate card paid in US dollars for businesses with overseas spending.
With ordinary overseas card payments, local-currency charges are converted to dollars and then to Korean won.
The dollar-paid card skips the second conversion into won, which can reduce an additional fee of about 1%.
The international card-network fee still applies.
Companies that earn or hold dollars, including through exports, can use those funds to pay their card bills without converting them into won first.
This could make foreign-currency payments more convenient and lower costs for businesses that often make overseas transactions.
Hana Card says it will develop services around companies' financial needs; no further rollout details are given.
Hana Card is offering a corporate card that lets businesses pay overseas card bills directly in US dollars.
The service avoids converting the bill back into Korean won, which Hana Card says can save about 1% in currency-conversion fees.
The card is aimed at companies with overseas operations, especially those that frequently make overseas transactions or earn dollars through exports.
International-brand fees still apply, but the additional fee for converting the amount into Korean won can be avoided.
Hana Card said the service reflects corporate customers’ needs and is intended to strengthen its position in corporate finance.
- Who
- Hana Card is providing the service to corporate customers.
- What
- Its Dollar Pay corporate card lets companies pay overseas card bills directly in US dollars, avoiding conversion into Korean won.
- When
- Hana Card said it was providing the service on October 27, 2026.
- Where
- The service is for companies with overseas business and overseas card transactions. A specific location is not stated.
- Why
- It allows companies holding dollars to use them for card payments and reduce the additional fee for conversion into Korean won.
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- Service
- Dollar Pay corporate card
- Potential fee saving
- About 1% in additional conversion fees
- Remaining fee
- International-brand fee still applies
- Target customers
- Companies with overseas operations
- Use of dollar funds
- Businesses can use dollars they hold to pay card bills directly
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What people are saying
We plan to strengthen our competitiveness in the corporate finance market through corporate card services that reflect the actual usage conditions and financial needs of corporate customers.