Standard Chartered Bank Korea has launched a points swap service with online mobile payment platform Payco, the bank said Monday.

The service allows customers to convert the bank’s 360Reward points to Payco points. Customers can use Payco points at major internet retailers such as Tmon Interpark, CJmall, Hmall, Ticketlink and Bugs and also at offline franchise chains such as Ediya Coffee and Artisee. 

Standard Chartered customers can use their points via online and mobile banking platforms of the bank without any limitation on the amount of conversion.

The two companies will provide time-limited extra points until the end of September. An extra 10 percent in points (up to 1,000 points) will be given for any swap and up to 3,000 more points if a purchase is made using swapped Payco points.

The 360Reward points can be obtained when issuing a credit card or purchasing a new banking service online, and they can be used in various ways, including interest payment or by converting them to air mileage.

More details can be found at the websites of Standard Chartered and Payco.

by Park Ga-young (gypark@heraldcorp.com)