- CJ ONE enters into a strategic MOU with Travel Wallet to extend member benefits and services to foreign tourists.

- Users can make payments at offline stores of CJ ONE affiliated brands such as Olive Young, CGV, Tous Les Jours, and Mega MGC Coffee with CJ ONE barcodes on the Travel Wallet app.

- A special event that offers 1.5% cashback of the purchase amount will be held until the beginning of August.  

CJ ONE, a lifestyle membership service by CJ OliveNetworks, entered into a strategic Memorandum of Understanding (MOU) with Travel Wallet to extend the member benefits and services. 

Travel Wallet is a Fintech company specializing in foreign currency payments. It is No. 1 in the travel card market in terms of users and the amount of payments, allowing overseas online and offline payments 46 currencies.

The MOU signing ceremony was held at the headquarters of CJ OliveNetworks on the 25^th and participated by major stakeholders including In-sang Yoo, CEO of CJ OliveNetworks, Hyung-woo Kim, CEO of Travel Wallet, Dae-seong Kim, CJ ONE manager of CJ OliveNetworks, and Jae-won Lee, Chief Strategy Officer of Travel Wallet.

The MOU will create a sustainable collaboration model where ▲ the two companies will link the CJ ONE service to the Travel Wallet platform to provide services for domestic and foreign members, ▲ jointly build a member database to improve payment convenience, and ▲ launch joint marketing campaign to attract more members.

This partnership allows CJ ONE members to make payments in the Travel Wallet app. After receiving a CJ ONE barcode on the Travel Wallet app, you can use it to pay at the offline stores of CJ ONE's 15 affiliated brands including Olive Young, CGV, Tous Les Jours, and Mega MGC Coffee.

As the first step of joint marketing efforts, the two companies will hold the partnership celebration event until the beginning of August. When using a CJ ONE barcode on Travel Wallet to pay, you can receive 1.5% of the transaction amount as cashback.

This partnership is especially meaningful in that the CJ ONE membership services are extended to global users. The CJ ONE barcode payment service on Travel Wallet will be provided to Korean members first, and the service will be expanded to foreigners visiting Korea in the second half of this year.

"The partnership with Travel Wallet is an important turning point to provide seamless payment services to both domestic and foreign customers," said In-sang Yoo, CEO of CJ OliveNetworks. "CJ ONE will continue to expand its differentiated K-membership services to the global market by working together with other partners."

"Through this MOU, we built the foundation for making payments more convenient for Travel Wallet customers in Korea," said Hyung-woo Kim, CEO of Travel Wallet. "We will continue to strengthen our position in the domestic payment market and provide differentiated benefits to our customers.”

CJ ONE is continuously expanding its affiliate categories with major players in the life, convenience, finance, and travel sectors, such as Mega MGC Coffee, Yanolja Platform, and Lian hair.