Articles with tag: korea

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Kakao Pay set to be Korea's first mobile-payment fintech to go public

29 Sep 2020 | Mobile Payments

South-Korea mobile payments fintech Kakao Pay has announced kicking off preparations for an initial public offering.

Financial Supervisory Service, Kakao Pay, IPO, initial public offering, mobile payments, South Korea, Asia, APAC,

South Korean NH Bank launches blockchain-powered e-wallet

29 Sep 2020 | Online & Mobile Banking

South Korea-based financial services provider Nonghyup (NH Bank) has begun issuing digital certificates using a blockchain-powered system and an e-wallet offering.

Nonghyup (NH Bank), e-wallet, product launch, South Korea, payment certificates, online banking, mobile banking, Asia, APAC, blockchain, blockchain powered system

Ubivelox, IDEX Biometrics partner to build a biometric card solution

25 Sep 2020 | Cards

IDEX Biometrics has partnered with Ubivelox, a global smart card and software manufacturer headquartered in South Korea.

IDEX Biometrics, Ubivelox, South Korea, Memorandum of Understanding, biometric payment card, fingerprint identification, touch-free authentication, mobile payment, APAC

Indian ecommerce deals site CashKaro gets USD 10 million Series B

15 Sep 2020 | Ecommerce

India-based cashback site CashKaro has announced expanding its range of services for ecommerce after raising USD 10 million in Series B funding.

CashKaro, cashback, funding round, ecommerce, India, Asia, APAC, EarnKaro, Korea Investment Partners, Kalaari Capital,

Boku launches e-wallet payments in South Korea for global video games partner

14 Sep 2020 | Mobile Payments

Global mobile payment and mobile identity company Boku has launched payments via KakaoPay in the Republic of Korea for one of its global video games partners.

Boku, mobile payments, KakaoPay, Republic of Korea, direct carrier billing, South Korea, digital purchases, video game, mobile wallet, e-wallet, tokenization, subscription payments, ecommerce

Kakao Pay enables AliExpress mobile payments in South Korea

03 Sep 2020 | Mobile Payments

South Korea-based mobile payment company Kakao Pay has become the first in Korea to service the Chinese online retail platform AliExpress.

Kakao Pay, South Korea, mobile payments, AliExpress, ecommerce

South Korean fintech Rowem launches multi-channel biometric authentication platform

31 Aug 2020 | Digital Identity, Security & Online Fraud

South Korea-based fintech Rowem has announced the launch of integrated authentication platform PASSiKEY.

Rowem, PASSiKEY, integrated authentication platform, online authentication, digital ID, biometric authentication, fraud prevention, South Korea, Asia, APAC, multi-channel biometric authentication platform

Samsung Pay Card launched in South Korea

31 Aug 2020 | Cards

Samsung Electronics has launched the Samsung Pay Card in South Korea in collaboration with Samsung Card and MasterCard. 

Samsung Pay, Samsung, Samsung Pay Card, cards, South Korea, e-wallet, online payments, payments, Asia, APAC

Bank of Korea to pick consulting partner for CBDC

31 Aug 2020 | Cryptocurrencies

The Bank of Korea (BOK) has been accelerating its drive for the timely establishment of a central bank digital currency (CBDC) pilot system.

CBDC, architecture, central banks, central bank digital currency, Bank of Korea, cryptocurrency, pilot, trial

South Korean P2P payments operator Viva Republica raises USD 173 mln

28 Aug 2020 | Payments General

Viva Republica, the South Korea-based operator of peer-to-peer payment service Toss, has raised USD 173 million.

Toss Bank, South Korea, funding, banking, P2P payments, Viva Republica, banking, money transfer, dashboard, credit score, lending

DGB Daegu Bank to protect mobile banking transactions with quantum cryptography

28 Aug 2020 | Online & Mobile Banking

Korean bank DGB Daegu has announced that transactions conducted by customers via its mobile banking app on a Samsung Galaxy A Quantum 5G smartphone will soon be secured with 5G quantum cryptography.

DGB Daegu, ID Quantique, quantum computing, mobile banking, online banking, South Korea, fraud prevention, quantum cryptography, 5G

Standard Chartered Bank Korea selects PayKey for banking transformation

26 Aug 2020 | Online & Mobile Banking

Standard Chartered Bank Korea has partnered with PayKey to launch a keyboard solution featuring open banking, integrating financial services into customers’ daily mobile interactions.

Open Banking, banking, fintech, PSD2, Standard Chartered Bank Korea, mobile app, mobile banking, online banking, financial services, bank account

KB Kookmin Bank, Hashed partner for Bitcoin custody services

11 Aug 2020 | Cryptocurrencies

South Korea-based KB Kookmin Bank (KB) has partnered with blockchain venture fund Hashed and crypto exchange Cumberland Korea to offer Bitcoin custody services.

KB Kookmin Bank, Hashed, Bitcoin, custody services, Cumberland Korea, South Korea, blockchain, venture fund, crypto exchange, Office of the Comptroller of the Currency, OCC, banks, US, digital assets

WireBarley, Alipay partner for easier and faster money transfer to China

30 Jul 2020 | Mobile Payments

International money transfer company WireBarley has partnered with China-based mobile payment platform Alipay.

WireBarley, Alipay, money transfer, China, South Korea, Australia, USA, Canada, cross-border, APAC, mobile payments, money transfer

Binance launches trading platform in Australia

29 Jul 2020 | Cryptocurrencies

Binance, a blockchain company, has launched Binance Australia, a fiat-to-crypto trading platform.

Binance, fiat, cryptocurrency, Binance Australia, Australia, blockchain, banks, PayID, mobile app, digital currencies, Singapore, Korea, Uganda, Jersey, US, UK

China and the US to generate 65 percent of all digital payments in 2020

28 Jul 2020 | Online Payments

BuyShare has revealed that digital payments are set to reach USD 4.4 trillion transaction value in 2020, while China and the US are expected to generate 65% of that value.

China, US, digital payments, mobile payments, UK, South Korea, Europe, digital payments industry

Digitalisation of SMBs could add USD 3.1 trillion to Asia Pacific's GDP

28 Jul 2020 | Payments General

The 2020 Asia Pacific SMB Digital Maturity Study has shown that the digitalisation of SMBs in Asia Pacific could add USD 2.6 to 3.1 trillion to the region’s GDP by 2024.

digitalisation, SMBs, Asia Pacific, economic, 2020 Asia Pacific SMB Digital Maturity Study, digital, IDC, Cisco, COVID-19, coronavirus, pandemic, technology, cloud, IT, software, Digital Observers, Singapore, Japan, New Zealand, China Taiwan, Thailand, Korea, Hong Kong, Malaysia

South Korea-based digital asset investors to pay 20% in taxes from crypto trading

15 Jul 2020 | Cryptocurrencies

South Korea’s private sector members have revealed that the nation’s citizens may have to pay as much as 20% of their cryptocurrency earnings in taxes. 

South Korea, digital assets, taxes, crypto trading, private sector, cryptocurrency, earnings, virtual currencies, electronic certificates, digital certificates, financial assets, capital gains, Financial Services Commission, financial regulator

MoneyGram partners with Global Money Express

24 Jun 2020 | Payments General

MoneyGram has partnered with Global Money Express (GME), a money transfer and payment fintech companies in South Korea. 

MoneyGram, partnership, fintech, Global Money Express, digital, GME, payments, South Korea, China, South Asia, E9Pay, P2P

BankBazaar raises USD 6 million in series D funding round

04 Jun 2020 | Payments General

Online financial services marketplace BankBazaar has raised almost USD 6 million as part of its ongoing series D funding round. 

BankBazaar, WSV, Walden International, Korea, SKTA, Amazon, Sequia India, Experian, Eight Roads, retail, loans, credit cards, cards, India, startup