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French postal bank La Banque Postale has announced a partnership with Japan-based international payments brand JCB.
partnership, payments , transactions , fintech
Global payment network provider company GLN International has signed a memorandum of understanding with Nepal-based Fonepay.
partnership, cross-border payments, mobile payments, QR payments
JCB has announced its partnership with GLN in order to enable the acceptance of Korean code payment services at Smart Code merchants in Japan.
partnership, payments , online payments, digital payments, mobile payments, ecommerce
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
Indonesia-based LINE has announced the launch of the digital banking platform LINE Bank by Hana Bank, a collaboration between PT Bank KEB Hana Indonesia, and LINE Financial Asia.
digital banking, mobile banking, partnership, fintech, eKYC
SWIFT, cross-border payments, payments , banking, SME, fintech, banking
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’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
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
Western Union, Asia, Kyodia, Hanpass, partnership, payments , money transfer, cross-border payments
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
Alibaba Cloud, Citi, Deutsche Telekom, we.trade and 12 more organizations have joined the Hyperledger project.
Alibaba Cloud, Citi, Deutsche Telekom, we.trade, blockchain, distributed ledger technologies, open source
Newegg, a US-based computer parts retailer, has been sued by four major banks from South Korea for taking part in a massive financial scheme.
Industrial Bank of Korea, Nonghyup Bank, Keb Hana Bank, Kookmin Bank, ASI Corporation, fraud, South Korea
Samsung has introduced a refresh to its Galaxy Note 7 smartphone, by bringing iris recognition, with several banks considering the new service.
biometrics technology, iris recognition, mobile security, smartphone, Galaxy Note 7, Samsung
South Korean bank KEB Hana has adopted fingerprint authentication for user login on its app.
online fraud, online security, cyber security, fraud prevention, mobile security, fingerprint authentication, South Korea
A total of 45 banks have signed up to a new payments initiative headed by SWIFT.
SWIFT, cross-border payments, payments , B2B payments, banks