Participants of GLN
In building a new platform, each participant organizes and manages local GLN business, while “GLN International” manages GLN affairs as a hub for all participants.
Manages GLN affairs as a hub for all participants of GLN
Facilitating all the GLN transactions between GLN participants
Managing Policies, Standards, Guidelines and Procedures for GLN
Expansion of business area and GLN participants
Manages local affairs as a local representative of GLN
- Handling payments and settlements for GLN transactions
Authorizing and managing transactions among its local partners
Local customers Management and Marketing
Expansion of local partners network
Provides products and services
(Retailer) Providing coupons and vouchers for GLN Coupon mall
(Merchant) Accepting GLN payment as one type of payment methods
Structure of GLN platform
Through GLN platform, all of the participants will be connected sharing their infrastructure, such as local payment tools. That will enable the participants to support their customers wherever they are, offering an even faster and easier way to use digital assets.
Hana Members as a stepping stone for success
Hana Financial Group has already discovered the feasibility of GLN through the success of “Hana Members ” in the Korean market. Hana Members offers point integration between the group’s subsidiaries and its partners.
(Service launched Oct. 2015)
Global Loyalty Network
Transaction Volume and Profit Forecast
With the increase in the number of GLN servicing countries, number of GLN Users will reach 107 million by 2021, and transaction volume will reach $23.5 billion. Accordingly, operating profit will reach $0.8 billion. Operating profit arising from the network shall be distributed among GLN and its partners.
Transaction Development Forecast
GLN Registration Rate : 35% of Local GLN partners’ Users
GLN Active Users Rate : 30%
Rate of GLN Users visiting GLN servicing countries : 58%
GLN Transaction Amount per person : $254
GLN servicing countries : Additional 10 countries annually