Australia Wine Exports Fall in 2025 as Global Drinking Declines and China Demand Weakens 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
Philippine Economy Slows in Late 2025, Raising Expectations of Further Rate Cuts 
SoftBank Shares Surge as It Eyes Up to $30 Billion New Investment in OpenAI 
Dollar Struggles as Policy Uncertainty Weighs on Markets Despite Official Support 
Woodside Energy Flags Lower 2026 Production Outlook Despite Strong Q4 Revenue Beat 
The Maire - EuroChem Case: Three Lessons for Global Business 
U.S. Stock Futures Edge Lower as Tech Earnings and Fed Decision Shape Market Sentiment 
Meta Faces Lawsuit Over Alleged Approval of AI Chatbots Allowing Sexual Interactions With Minors 
LVMH Investors Watch Earnings Closely as Luxury Recovery Faces New Challenges 
Indonesian Stocks Plunge as MSCI Downgrade Risk Sparks Investor Exodus 
C3.ai in Merger Talks With Automation Anywhere as AI Software Industry Sees Consolidation 
ASML’s EUV Monopoly Powers the Global AI Chip Boom 
Gold Prices Smash Record Above $5,200 as Haven Demand Surges 
Microsoft AI Spending Surge Sparks Investor Jitters Despite Solid Azure Growth 
Asian Currencies Trade Flat as Dollar Retreats After Fed Decision 
UK Vehicle Production Falls Sharply in 2025 Amid Cyberattack, Tariffs, and Industry Restructuring 
Samsung Pay and Hana Financial Group have formed an alliance to help students in South Korea. The partnership is aiming to make the lives of the students somewhat easier by adding a student ID feature to Samsung's digital wallet.
Samsung Pay and Hana Financial will work together to integrate a feature that will allow the issuance of student IDs in the former's mobile application. The collaboration with the Korean commercial banking company is expected to boost the functions of its digital wallet as well.
The Korea Times reported that the move to cooperate with Hana Financial is part of Samsung Pay's strategy to further expand and improve its versatility. The company has been taking steps to adapt different functions to remain competitive, especially with the recent introduction of Apple's Apple Pay in the country.
It was on Tuesday this week when Samsung Electronics announced it has signed a deal with Hana Financial for a Samsung Pay project. Aside from the student IDs and employees' identification cards, the two companies will also work together on other digital wallet projects.
For now, they will jointly work on the activation of mobile ID features on Samsung Pay, with future plans for the rollout of an innovative model of financial services. In any case, as part of the agreement, about 108 high school students across the nation partnered with Hana Financial to be their main banking company.
They would be able to use their student IDs that will be integrated into their Samsung Pay accounts if their schools decided to agree with the integration. Once activated, students can use their mobile ID to enter libraries or access their school meal plans. In the future, this service will also be extended to include university students.
"We are very glad to provide an innovative digital service for young people, the future leaders, with Hana Financial Group," Samsung Electronics vice president of the Digital Life and MX Division, Han Jini, said in a statement. "We will strive so that users can have excellent mobile wallet experiences with the partnership."
Vice chairman of Hana Financial Group, Park Seong Ho, also said, "The partnership with Samsung Electronics has enabled us to maximize the mobile customer experience through digital innovation. We will continue to provide new digital financial experiences and values for customers."
