Hana Card, Toss Bank jointly launch PLCC card

South Korea's Hana Card announced on Friday that it partnered with Toss Bank to launch its first private label credit card (PLCC), the Toss Bank Credit Card Wide.

This card offers a 2% discount on all domestic and international purchases if the previous month's spending exceeds 400,000 won ($290). If the spending requirement is not met, a basic 1% discount is provided.

For the first month after issuance, the card offers a 2% discount on all purchases regardless of the previous month's spending.

The Toss Bank app allows users to handle the entire card process, including application, issuance, tracking delivery status, viewing usage and discount details, and checking upcoming payments and statements.

Write to Mi-Hyun Jo at mwise@hankyung.com