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Samsung Card on Friday reported its third-quarter net income of 168.7 billion won ($122.3 million), up 20.9 percent from a year earlier.
Samsung Card said Thursday it is selling its 19.9 percent stake in Renault Samsung Motors.
Samsung Card launched a private label credit card (PLCC) in partnership with Kakao Pay on Monday.
Private label credit cards (PLCCs) are emerging as an area of focus for card companies, as commissions dwindle and the harvesting of customer data seems to be the best way to drive future growth.
Kakao Pay said Tuesday it is preparing to offer a private label credit card (PLCC) in May in partnership with Samsung Card.
Samsung Electronics has released a Samsung Pay Card tailored for users of the payment service integrated into its mobile devices.
Korea JoongAng Daily Sitemap