Nvidia Confirms Major OpenAI Investment Amid AI Funding Race 
Panama Supreme Court Voids CK Hutchison Port Concessions, Raising Geopolitical and Trade Concerns 
South Korea Factory Activity Hits 18-Month High as Export Demand Surges 
Pentagon and Anthropic Clash Over AI Safeguards in National Security Use 
CSPC Pharma and AstraZeneca Forge Multibillion-Dollar Partnership to Develop Long-Acting Peptide Drugs 
Apple Earnings Beat Expectations as iPhone Sales Surge to Four-Year High 
US Judge Rejects $2.36B Penalty Bid Against Google in Privacy Data Case 
OpenAI Reportedly Eyes Late-2026 IPO Amid Rising Competition and Massive Funding Needs 
Oil Prices Surge Toward Biggest Monthly Gains in Years Amid Middle East Tensions 
BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action 
Japan Election Poll Signals Landslide Win for Sanae Takaichi, Raising Fiscal Policy Concerns 
Gold Prices Stabilize in Asian Trade After Sharp Weekly Losses Amid Fed Uncertainty 
Russia Stocks End Flat as MOEX Closes Unchanged Amid Mixed Global Signals 
Starmer’s China Visit Highlights Western Balancing Act Amid U.S.-China Rivalry 
Hyundai Motor Lets Russia Plant Buyback Option Expire Amid Ongoing Ukraine War 
U.S.–Venezuela Relations Show Signs of Thaw as Top Envoy Visits Caracas 
Sandisk Stock Soars After Blowout Earnings and AI-Driven Outlook 
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."
