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Found 37 results in 874 milliseconds.

South Korea – ecommerce challenges and opportunities in 'the land of the morning calm'

Voice of the Industry | Online Payments | 03 Mar 2023

Roman Tazetdinov, the Head of Geo Expansion at Worldline’s Digital Commerce division, talks about South Korea, elaborating on the main ecommerce challenges and opportunities in 'the land of the morning calm'.

cross-border payments, ecommerce, local payment method, marketplace, PSP

UPI to enable UnionPay QR payments for ZeroPay merchants

News | Mobile Payments | 02 Dec 2022

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

Samsung Pay-linked services cannot fight credit card companies

News | Ecommerce | 20 Dec 2021

Samsung’s electronic payment service, Woori Card and Lotte Card have announced will end their Samsung Pay-linked services due to low utilization rates.

Samsung Pay, Samsung, online payments, credit card, mobile payments

Shinhan acquires minority stake in local ICT solutions provider

News | Payments General | 22 Sep 2021

Shinhan Bank has acquired a minority stake in a local information and communication technology solutions and services provider to improve its partnership for development of a new corporate banking platform.

acquisition, banks, ecommerce, data

SK, Naver, Kakao compete for central bank's digital currency project

News | Cryptocurrencies | 13 Jul 2021

SK, Naver, and Kakao have engaged in a competition to become the partner of Bank of Korea (BOK) for a project to issue and circulate a central bank digital currency (CBDC) virtually to test whether it can be used successfully, according to The Korea Times.

CBDC, blockchain, central bank

South Korean bank builds pilot platform for CBDC

News | Cryptocurrencies | 11 Mar 2021

Shinhan Bank has built a pilot platform for a potential South Korean central bank digital currency (CBDC) with assistance from LG CNS.

blockchain, CBDC, digital currency, central bank, cryptocurrency

South Korean Shinhan Bank to offer crypto custody-related services

News | Cryptocurrencies | 11 Jan 2021

Shinhan Bank, a large commercial bank in South Korea, has announced plans to offer digital asset custody services.

CBDCs, South Korea, decentralised finance, Shinhan Bank, digital assets, custody services, crypto

Rapyd launches payment capabilities in South Korea

News | Payments General | 27 Oct 2020

UK-based fintech Rapyd has launched its ‘all-in-one’ payment capabilities in South Korea.

Rapyd, South Korea, payments , cards, mobile wallets, bank transfers, vouchers, payment service providers

MoneyGram teams up with E9Pay

News | Online Payments | 20 May 2020

MoneyGram, a cross-border P2P payments and money transfers service, has partnered with with E9Pay, a money transfer and payment fintech companies in Korea. 

MoneyGram, partnership, Korea, fintech, E9Pay, cross-border, P2P, payments , money transfer, network, Southeast Asia, Russia, Commonwealth of Independent States, CIS, Woori Bank, Shinhan Bank, Korea Post, Kyongnam Bank, Sentbe, Overseas Remittance Business No. 1 License, Ministry of Economy and Finance, MOEF, Nepal, Cambodia, Sri Lanka, Vietnam, Philippines, Indonesia, China

Bithumb Korea to join MyID Alliance and use its blockchain based, digital ID service

News | Cryptocurrencies | 17 Apr 2020

Bithumb Korea has announced its engagement in the blockchain-based, digital identification organisation, MyID Alliance.

Bithumb Korea, cryptocurrency exchange, blockchain, digital identity, data protection, authentication, Korea, MyID Alliance, DID

Shinhan Card reveals facial recognition payment service

News | Digital Identity, Security & Online Fraud | 14 Apr 2020

Korea-based credit card company Shinhan Card has introduced Shinhan Face Pay, the country’s first biometric facial recognition payment service.

Shinhan Card, biometrics, facial recognition, retail, payment, credit card, facial payments, Korea, banks

South Korea officially launches Open Banking service

News | Payments General | 18 Dec 2019

South Korea has launched an open banking service in a move to boost convenience and lower transaction costs for customers.

South Korea, Open Banking, open banking service, Financial Services Commission, KB Kookmin Bank, Shinhan Bank, Woori Bank, Keb Hana Bank, Viiva Republica, Toss

South Korea to formally launch Open Banking system

News | Online & Mobile Banking | 02 Dec 2019

South Korea’s commercial banks will formally launch Open Banking services by the end of 2019, following a 10-bank pilot to test the system in October 2019, according to Regulation Asia.

South Korea, Open Banking, bank, mobile application

Shinhan Bank, State Bank of Vietnam to boost mobile banking services with e-KYC system

News | Digital Identity, Security & Online Fraud | 05 Nov 2019

Shinhan Bank and the State Bank of Vietnam have announced that they are planning to work together on an e-Know Your Customer (e-KYC) system.

Shinhan Bank, mobile banking, Southeast Asia, e-KYC, Know Your Customer, Indonesia, Vietnam, central bank, identification, financial services, face identification

South Korea launches pilot of Open Banking system

News | Online & Mobile Banking | 31 Oct 2019

South Korea has announced it is launching 10-bank pilot of Open Banking system, according to Regulation Asia.

South Korea, Open Banking, banks, innovation, regulation, fintech

Large Korean banks join government-backed blockchain ID initiative

News | Digital Identity, Security & Online Fraud | 21 Oct 2019

Four more major institutions including the Shinhan and NH Nonghyup banks have joined a South Korean decentralised identity initiative.

blockchain, descentralisation, banks, South Korea, Samsung Electronics, Keb Hana Bank, Woori Bank

PayPals Xoom launches bank deposits to South Korea

News | Payments General | 04 Oct 2019

Xoom, PayPal’s international money transfer service, has launched a money transfer service to bank accounts in South Korea.

PayPal, Xoom, remittances, bank deposit, South Korea

South Korea and Indonesia fintechs collaborate on accelerator lab

News | Payments General | 13 Sep 2019

Fintech startups in South Korea are using an accelerator programme to expand into Indonesia and form partnerships with its startups, reports Ruby Hinchliffe from FinTech Futures.

digital, innovation, partnerships, startups, fintech, Asia Pacific, Indonesia, South Korea, CoHive

South Korean bank taps into blockchain to speed up loan issuance

News | Cryptocurrencies | 29 May 2019

Shinhan, a South Korea- based bank, has been using blockchain technology to speed up the approval process for loan products.

Shinhan, Soth Korea, blockchain, loans, document verification, financial services

Korean credit card companies plan to launch biometric payment system

News | Cards | 13 Jun 2018

Three major card companies – Shinhan, BC, and Hana Card have announced the development of a biometrics payment system that authorizes transactions by scanning fingertips. 

Korea, credit cards, Korean credit cards, biometric payment system, biometric credit card