Hanpass
Hanpass is a South Korean licensed fintech offering cross-border remittance to 200+ countries, prepaid cards, a digital wallet, and lifestyle services targeted at foreign residents, workers, and tourists in Korea. It went public on KOSDAQ in March 2026.
- Company typePublic
- Founded2013
- HeadquartersSeongdong, South Korea
- Headcount101–250
- GTM typeB2C
- OfferingServices
What Hanpass does
Hanpass Co., Ltd. is a South Korean licensed fintech operating a cross-border remittance and lifestyle finance platform primarily serving foreign residents, foreign workers, and tourists in Korea. Founded in 2013 and headquartered in Seongdong-gu, Seoul, the company went public on KOSDAQ (ticker 408470) on March 25, 2026. Its core product is overseas remittance to over 200 countries, executed via a global prefunding infrastructure that enables real-time transfers, complemented by a global prepaid card, a digital wallet supporting QR/barcode payments, T-money transit recharge, KTX and Kakao Mobility payments, and ATM withdrawals across the NICE, HSBC, and COOP networks. The GoHanpass super app bundles these financial products with lifestyle modules including job search, administrative consultation, mobility services, and multilingual e-commerce, and the company has launched a Go Hanpass tourism sub-brand with the Korea Tourism Organization and Klook.
Hanpass monetizes through transaction fees on remittances, card issuance and processing, wallet payments, and service fees on lifestyle offerings; its freemium promotional pricing waives fees on the first remittance. Distribution is anchored by physical recharge points at GS25, CU, and C-space24 convenience stores, plus QR/barcode acceptance at major Korean retail chains. The company holds six Korean financial and telecom licenses (small amount overseas remittance, money exchange, specialized foreign exchange, electronic payment agency, prepaid electronic payment means, and value-added telecommunications) and operates wholly-owned licensed entities in Japan and Australia while pursuing Philippines licensing. Revenue grew at a 46.8% CAGR over the prior three years, reaching 55.02 billion KRW in 2024 and a preliminary 66.4 billion KRW in 2025, with operating profit of 5.41 billion KRW and 8.2 billion KRW respectively; JB Financial Group holds an approximate 15% strategic stake from a December 2023 investment partnership.
Hanpass firmographics
Firmographics- Name
- Hanpass
- Legal name
- Hanpass Co., Ltd.
- Website
- https://hanpass.com
- Company type
- Public
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Hanpass is a South Korean licensed fintech offering cross-border remittance to 200+ countries, prepaid cards, a digital wallet, and lifestyle services targeted at foreign residents, workers, and tourists in Korea. It went public on KOSDAQ in March 2026.
- Ownership category
- akta.pro rank
Hanpass industry classification
Industry- Product category
- Cross-Border Remittance and Digital Payments
- akta.pro primary industry
- International Bill Pay & Cross-Border Airtime/Top-Up (FSAGAKAM)
Keywords
Where Hanpass is headquartered
LocationHeadquarters
- HQ city
- Seongdong
- HQ country
- South Korea
- HQ region
- Asia
Offices1 record
Markets served
Hanpass business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Cross-border Remittance Services: Fee-based overseas remittance services enabling foreign residents to send money to over 200 countries. Revenue generated through transaction fees on remittances, with promotional first-transaction free offers to drive adoption.
- Prepaid Card Services: Global prepaid card issuance and management for foreign residents, allowing card usage worldwide. Revenue from card issuance fees and transaction processing.
- Digital Wallet and Payment Services: Wallet recharge/withdrawal services at convenience stores and ATMs, barcode payments, QR payments, transportation payments. Revenue from payment processing and convenience fees.
- Lifestyle Services: Job search services, administrative consultation, mobility services, and e-commerce for foreigners. Revenue from service fees and partnerships.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | First-time remittance promotional pricing |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels4 records
Hanpass product offering
Product offeringCore offering
Hanpass provides a mobile super app enabling foreign residents in South Korea to send real-time overseas remittances to over 200 countries via a global prefunding system. It bundles a multi-currency digital wallet supporting QR/barcode payments and transit integration, a globally usable prepaid card, and lifestyle services such as job search, administrative consultation, mobility, and e-commerce. The platform also offers a corporate payment solution (BizPay) for B2B use cases.
Product overview
Hanpass operates as a platform-plus-modules fintech offering with GoHanpass as the central super app. The core services include Remittance (cross-border money transfers to 200+ countries with real-time prefunding), Hanpass Card (global prepaid card), and Hanpass Wallet (digital payments via barcode, QR, transit, and ATM). These core products are supplemented by Living Convenience Services (job search, administrative consultation, mobility, e-commerce) and Corporate Payment (BizPay). The company is expanding into tourism-focused services via Go Hanpass, offering bus discounts and travel perks in partnership with Klook and the Korea Tourism Organization. All services are designed for foreign residents in South Korea seeking accessible financial and lifestyle tools.
Differentiator
Problem solved
Functional benefit
Brands
- Hanpass Wallet: Digital wallet service enabling barcode payments, QR payments, transportation payments, utility bill payments, and wallet recharge/withdrawal
- GoHanpass
- Hanpass Corporate Payment
Products and services
- Overseas Remittance Service Real-time overseas remittance service enabling users to send money to over 200 countries using a global prefunding system, with promotional first-remittance fee waivers for new customers.
- Hanpass Card (Global Prepaid Card) A global prepaid card that can be used anywhere in the world for payments and ATM withdrawals, designed for foreign residents.
- Hanpass Wallet Digital wallet supporting barcode payments, QR payments, transportation card recharging, mobility reservations, utility bill payments, and ATM withdrawals at partner convenience stores and ATMs.
- Living Convenience Services (Job Search, Administrative Consultation, Mobility, E-commerce) Lifestyle services for foreigners including customized job search by residency status, professional administrative consultation for residency/employment/living issues, customized transportation/mobility services, and a multilingual e-commerce shopping platform.
- Hanpass Corporate Payment (BizPay) Corporate payment solution for business-to-business financial transactions and payment management, accessible via hanbiz.hanpass.com.
- Hanpass Points Loyalty Program Loyalty rewards program where users earn points through in-app games, missions, events, and activities that can be converted to wallet balance at 1 KRW per point and used for remittance and payment services.
- GoHanpass Super App A super app providing cross-border payment services and lifestyle features for foreigners, including remittances, cards, transportation, and daily living services.
Quantifiable outcome
- 43.16% stock price surge on Kosdaq debut, closing at 27,200 won vs IPO price of 19,000 won
- +2 more outcomes
Companies that use Hanpass
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
Hanpass technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration10 records
AI capability1 record
Feature4 records
Hanpass partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered flagship and core.
- Korea Tourism OrganizationflagshipKorea Tourism Organization partnered with Hanpass and Klook for a coordinated monthlong campaign starting June 15 to dismantle transit barriers for foreign tourists. The initiative offers 5,000 won government discount plus 4,000 won Hanpass discount on intercity bus tickets and complimentary travel eSIMs through Klook.
- KlookflagshipGlobal travel platform Klook partnered with Hanpass and Korea Tourism Organization for the tourism discount campaign. Klook provides complimentary travel eSIMs as part of the package to attract foreign tourists beyond Seoul, responding to data showing 32.2% year-on-year increase in foreign intercity bus ridership.
- Kakao MobilitycoreTransportation and mobility payment integration allowing Hanpass users to access Kakao Mobility services including taxi, ride-hailing, and other mobility options directly through the Hanpass platform.
- Korea Expressway Corporation (KTX)coreTransportation payment integration enabling Hanpass users to pay for KTX high-speed rail services, supporting transit payments for intercity travel in Korea.
- T-moneycoreTransportation card integration allowing Hanpass wallet to recharge T-money transit cards for subway and bus payments throughout Korea.
Scale indicators8 records
Recent moves8 records
Expansion highlights6 records
Hanpass competitors and assessment
Company assessmentDirect peers
- Sentbe: Sentbe is a South Korean cross-border remittance service targeting foreign workers and residents—the same primary customer base Hanpass serves. Both companies compete head-to-head on remittance fees, FX rates, and corridor coverage to send countries.
- KYODAY: KYODAY is a Korean fintech focused on cross-border remittances and financial services for foreign workers in Korea. It directly overlaps with Hanpass's remittance-to-200+ countries value proposition and lifestyle-services-for-foreigners strategy.
- Remitly: Remitly is a global digital remittance company serving migrants sending money home from developed markets. It mirrors Hanpass's customer segment (migrant workers) and corridor-based remittance model.
- Wise: Wise is a global cross-border money transfer platform serving individuals and businesses across 70+ countries. It competes with Hanpass on multi-currency wallets and remittance corridors and could localize aggressively in Korea.
Broad incumbents
- MoneyGram: MoneyGram is a global remittance and payments network with broad geographic coverage. It competes with Hanpass across consumer remittance corridors and is also expanding digital/mobile capabilities.
- Naver Pay: Naver Pay is a major Korean digital payment platform operated by Naver. It competes with Hanpass's wallet, QR/barcode payments, and lifestyle services for end consumers and has deep brand presence across Korea.
- Western Union: Western Union is the world's largest established cross-border money transfer network, with extensive global agent and digital capabilities. It is a broad incumbent in the remittance category where Hanpass operates, offering overlapping but more mature services.
- Toss (Viva Republica): Toss is Korea's largest fintech super-app offering payments, banking, lending, and remittance under one platform. It competes with Hanpass on digital wallet acceptance and is increasingly active in cross-border remittance to Korean mobile users.
- KakaoPay: KakaoPay is Korea's dominant mobile payment and digital wallet service, listed on KOSPI. It overlaps with Hanpass's wallet, QR/barcode payment, and prepaid card offerings and has far greater scale and brand recognition in Korea.
Regional players
- SBI Remit: SBI Remit is a Japan-based cross-border remittance service focused on sending money from Japan to Asian corridors. It is a relevant peer for Hanpass's Japan market entry and a comparable remittance-to-Asia model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks1 record
Key highlights7 records
Customer concentration
Hanpass social profiles
Digital presenceHanpass compliance and trust
Trust signalCompliance7 records
Hanpass financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hanpass leadership team
Management profileNumber of profiles
Profiles2 records
Hanpass subsidiaries and ownership
Company hierarchySubsidiaries3 records
Hanpass funding detail
Funding detailFunding overview
Funding rounds5 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Hanpass M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Hanpass
What does Hanpass do?
Hanpass provides a mobile super app enabling foreign residents in South Korea to send real-time overseas remittances to over 200 countries via a global prefunding system. It bundles a multi-currency digital wallet supporting QR/barcode payments and transit integration, a globally usable prepaid card, and lifestyle services such as job search, administrative consultation, mobility, and e-commerce. The platform also offers a corporate payment solution (BizPay) for B2B use cases.
Is Hanpass a public or private company?
Hanpass is a public company. It is classified as public and is currently operating.
When was Hanpass founded?
Hanpass was founded in 2013. It employs 101 to 250 people.
Where is Hanpass based?
Hanpass is headquartered in Seongdong, South Korea, in the Asia region.
How does Hanpass make money?
Four revenue lines are on record. Cross-border Remittance Services are the primary driver. The others are prepaid Card Services, digital Wallet and Payment Services and lifestyle Services.
Who are Hanpass's main competitors?
Direct peers on record are Sentbe, KYODAY, Remitly and Wise. Broad incumbents are MoneyGram, Naver Pay, Western Union, Toss (Viva Republica) and KakaoPay. SBI Remit is listed as a regional player.
Does Hanpass have an API?
No public API is recorded for Hanpass.
What industry is Hanpass in?
Hanpass's product category is Cross-Border Remittance and Digital Payments. Its primary akta.pro industry code is FSAGAKAM, International Bill Pay & Cross-Border Airtime/Top-Up.