Discover all the payments and fintech-related news and analysis about Korea, Republic Of in The Paypers News, Reports, along with other Korea, Republic Of-specific insights on the payments and fintech industry:
Discover all the payments and fintech-related news and analysis about Korea, Republic Of in The Paypers News, Reports, along with
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Binance has entered the final phase of acquiring Korea-based crypto exchange Gopax. The company is completing due diligence (DD) on the acquisition and finalizing the process.
acquisition, partnership, cryptocurrency exchange, crypto, digital assets
The South Korean National Tax Service agency has opened an investigation into the activities of Bithumb and its affiliates over tax evasion concerns.
tax evasion , cryptocurrency exchange, compliance
Financial authorities of South Korea have announced the launch of a task force service aimed to enhance banks’ business practices and overall management.
product launch, online banking, digital banking, financial services, financial institutions
Digital payments infrastructure provider, PPRO, has recently announced it extended its infrastructure to the South Korean market, integrating onto its platform local cards and Toss Pay, a popular e-wallet.
cross-border payments, cross-border ecommerce, expansion, digitalisation, cashless, cash, e-wallet, digital wallet, online payments, payments infrastructure, online shopping, online platform, merchant, local payment method
Samsung Pay has joined forces with South Korea-based mobile payments provider Naver Pay to strengthen each other’s businesses across South Korea.
Samsung Pay, mobile payments, merchants, partnership, payment methods
Singapore-based crypto gateway Alchemy Pay has partnered with web3 investment company DWF Labs to facilitate its expansion and secure a USD 10 million funding.
funding, partnership, expansion, payment methods, NFT
Apple has announced that apps release in the South Korean App Store no longer must use the company’s on in-app payment system.
Apple, mobile payments, regulation, compliance
The financial regulator of South Korea, Financial Supervisory Service (FSS) has announced it is reviewing the Apple Pay service launch clause submitted by Hyundai Card.
product launch, digital wallet, digital payments, mobile payments, NFC, online payments, e-wallet
China-based UnionPay International (UPI) has partnered with the Korea Easy Payment Foundation and BC Card to enable UnionPay QR code payments for ZeroPay merchants.
partnership, payments , mobile payments, e-wallet, QR code, QR payments, payment methods
UK-based fintech Currencycloud has partnered with South-Korea-based global remittance and payment provider SentBe to improve its financial exchange (FX) capabilities.
partnership, FX , payments , payments infrastructure, cross-border payments, cross-border logistics, remittances, financial services
Worldpay from fintech FIS has announced its expansion to South Korea as it now delivers advanced payment technology solutions to global merchants.
partnership, online payments, expansion, merchant, merchants, credit card, debit card, payments
US-based decentralized video delivery network Theta Network has partnered with Samsung and other South Korean retailers in order to provide NFT holders more utilities in retail stores.
crypto asset, NFT, digital assets, cryptocurrency
Eximbay, a South Korea-based overseas payment services provider has added the ACI Fraud Management for Merchants real-time solution to its payment services capabilities.
partnership, fraud management, PSP, payment processing
The Korea Financial Intelligence Unit (KoFIU) has reported 16 virtual asset service providers to the investigative authorities for operating without the necessary registrations in the country.
regulation, cryptocurrency, KYC, cryptocurrency exchange, blockchain
South Korea-based company Samsung has announced its partnership with the Bank of Korea to launch wire transfers to Galaxy smartphones and smartwatches.
partnership, mobile payments, online payments, digital signature, payments , contactless payments
The Bank of Korea has received investigative powers over digital currency service providers and has gained access to their transaction data.
regulation, compliance, digital assets, cryptocurrency, transactions , central bank
South Korean regulators have approved the Apple Pay launch to allow local credit card firms to introduce the Apple Pay service.
Apple Pay, NFC, mobile payments, regulation, product launch
South Korea-based investment platform KakaoPay Securities has integrated KakaoTalk to offer a new investment experience to users.
digital assets, trading platform, product launch, digitalisation, investment
Payment network GLN International has partnered with Remitly to launch instant cross-border remittances from abroad to all domestic bank accounts in Korea.
cross-border payments, remittance, money transfer, digital wallet, bank account
South Korea-based bank Hana has started to collaborate with BitGo to offer digital asset custody services from the latter half of 2024.
digital assets, blockchain, banking, regulation