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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The government of South Korea has decided to update its Virtual Asset Users Protection Act to protect investors from market crimes.
cryptocurrency, regulation, financial crime, digital assets
South Korea’s Democratic Party (KDP) has agreed to postpone the implementation of the country’s cryptocurrency capital gains tax.
cryptocurrency, digital assets, tax bill, crypto
Real-time global payments provider Nium has announced its partnership with Jeonbuk Bank in order to offer remittance services for customers in South Korea.
partnership, remittance, money remittance, payments , cross-border payments, cross-border ecommerce, online payments, mobile payments, digital payments, ecommerce, financial inclusion
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
Crypto.com, the cryptocurrency platform serving over 80 million customers globally has announced the launch of the Crypto.com App in South Korea.
trading platform, cryptocurrency exchange, crypto, NFT, regulation
South Korea's Financial Services Commission (FSC) has considered relaxing its restrictions on institutional participation in cryptocurrency trading.
cryptocurrency, regulation, digital assets, trade finance
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
Chiliz Group, a blockchain provider for the sports and entertainment sector, has entered into a partnership with digital payments platform NAVER Pay.
partnership, blockchain, cryptocurrency, digital assets
Global smart card technology company Biosmart has obtained a Letter of Approval from Mastercard for its biometric payment card that was built on the IDEX Pay platform.
partnership, payments , ecommerce, biometrics
STX Corporation has partnered with digital currency payment institution Triple-A to introduce digital currency payments on the TROLLYGO platform.
cryptocurrency, digital assets, partnership, B2B payments
The South Korean National Assembly Legislative Research Service has mentioned a possible crypto tax elimination debate in its policy guidebook.
cryptocurrency, trading platform, investment, regulation, virtual asset
South Korea-based cryptocurrency exchange Bithumb has revealed its plans to go public in the East Asian country.
cryptocurrency, cryptocurrency exchange, IPO, financial services
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
South Korea has announced the expansion of its mobile identification cards to its nationals and resident customers who are currently living overseas.
product launch, expansion, payments , online payments, mobile payments, digital payments, ecommerce
South Korea’s Ministry of Interior and Safety has announced that foreigners residing in the region can apply for digital residence cards.
digital identity, identity verification, identity method, product launch, online security
South Korea has ramped up its regulatory scrutiny of cryptocurrency exchanges such as Upbit, focusing on compliance with Know Your Customer (KYC) requirements.
cryptocurrency exchange, regulation, KYC, money laundering
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 has revealed its plans to launch a central bank digital currency (CBDC) pilot involving 100,000 citizens in the fourth quarter of 2024.
cryptocurrency, digital assets, CBDC, banks
Kakao Pay has announced its plan to end its currency exchange service, as well as its focus on QR payment expansion for international use.
payments , FX , cross-border payments, expansion, QR payments
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