On May 28, Harex InfoTech Inc. (Park, Kyung Yang, CEO), UBpay (User Centric Mobile Payment Shared Platform) Service Provider, signed a business cooperation agreement with NDS-Nongshim Data System (Kim, Joon Won, CEO) to develop and jointly provide combined services related to hospitals and pharmacies.
Harex InfoTech Inc. provides Medical FinTech services that allow users of hospitals and pharmacies to pay for medical treatment and hospitalization fees, transferring electronic prescriptions to the drugstore, and payment for prescribed medicines on their smartphones. NDS distributes the Smart Hospital mobile platform that includes hospital related services such as reservation, reception, payment, prescription, insurance claim, hospitalization and discharge, medical checkups, and health note services.
Under the agreement, the two companies will combine solutions owned by each company and integrate all services carried out in hospitals, from medical appointments to insurance claims, into a single mobile platform, allowing users conveniently use the combined services not only with hospital apps but also within other apps.
Currently, all hospital services are provided from within hospital apps, but due to the low penetration rate of hospital apps, the services are not actively used. In addition, the scope of services provided is scattered across multiple companies, creating inconvenience for users and reduced satisfaction for hospitals offering the service because they don’t see the expected benefits, such as reducing customer’s waiting time or reducing cost.
Harex InfoTech Inc., the originator of mobile payment services, runs a user centric mobile payment shared platform that has no intermediary service entities in payment transactions. The UBpay platform is freely shared by all other businesses and service providers based on an alliance partnership. All partners that share the UBpay platform provide user centric mobile payment services under their own brands to their own individual users. Harex InfoTech Inc. expects high synergy from this agreement with NDS and their accumulated know-how in carrying out various health and medical institution projects.
