Virtual code service is a digital technology solution supporting for collection management, in which there is a connection between a customer’s Parent account and list of Virtual Codes. Each Virtual Code is defaulted with a Payer (means any person or organization who makes deposit either by cash or bank transfer to Virtual Codes). When the Virtual Code is credited, it is automatically credited to customer’s Parent accounts at Shinhan Bank.
Identify Payer information quickly because it is set up and managed by the customer
Quickly and accurately track and reconcile debts of partners, agents and distributors who transfer money regularly; thanks to the reporting system from Shinhan Bank designed specifically for the Virtual Code service
Reduce the number of specialized collection accounts at banks, simplifying account receivables management.
Conditions & Procedures
Resident or non-resident organization who need to collect fund frequently from their various Payers. Terms and Conditions apply.