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FSS to review Apple Pay launch in South Korea

News | Mobile Payments | 25 Nov 2022

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

South Korea updates its Virtual Asset Users Protection Act

News | Cryptocurrencies | 07 Feb 2024

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

SentBe partners Currencycloud to improve FX

News | Online Payments | 07 Dec 2022

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

Nium partners with Jeonbuk Bank

News | Payments General | 27 Nov 2023

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

PPRO expands cross-border payments in South Korea

News | Online Payments | 16 Feb 2023

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

South Korea's Hana Bank partners with BitGo on digital asset services

News | Cryptocurrencies | 05 Sep 2023

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 launches in South Korea

News | Cryptocurrencies | 03 Apr 2024

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

Samsung partners with Bank of Korea

News | Online Payments | 15 May 2023

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 Partners with NAVER Pay

News | Cryptocurrencies | 02 Sep 2024

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

South Korea to launch task force service

News | Online & Mobile Banking | 27 Feb 2023

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

Samsung Pay partners with Naver Pay for mobile payments in South Korea

News | Mobile Payments | 21 Feb 2023

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

Binance to acquire South Korea's Gopax

News | Cryptocurrencies | 03 Jan 2023

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

STX Corporation partners with Triple-A

News | Cryptocurrencies | 13 Dec 2023

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

South Korean National Tax Service agency investigates Bithumb

News | Cryptocurrencies | 11 Jan 2023

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

South Korea considers eliminating crypto tax law

News | Cryptocurrencies | 11 Jun 2024

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

Bithumb eyes South Korean IPO in the second half of 2025

News | Cryptocurrencies | 13 Nov 2023

South Korea-based cryptocurrency exchange Bithumb has revealed its plans to go public in the East Asian country.

cryptocurrency, cryptocurrency exchange, IPO, financial services

Alchemy Pay partners with DWF Labs to Secure USD 10 mln funding

News | Online Payments | 03 Apr 2023

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 expands mobile ID to overseas residents

News | Payments General | 05 Jul 2024

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 investigates Upbit over alleged KYC violations

News | Cryptocurrencies | 18 Nov 2024

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

GLN and Remitly enable instant remittances to Korean bank accounts

News | Mobile Payments | 28 Aug 2023

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