Articles with tag: south korea

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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

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

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

South Korea's fintech Toss aims to raise USD 200 mln investment

07 May 2020 | Payments General

South Korea-based fintech startup Toss has planned to raise USD 200 million from investors to expand in online banking and security trading services.

Toss, online banking, secure trading, South Korea, fintech, Paypal, Robinhood, Credit Karma, money transfer, loans, credit rating management, credit cards, securities brokerage, small businesses, internet bank, open banking

Upbit, Chainalysis extend partnership for improved crypto compliance

24 Apr 2020 | Cryptocurrencies

US-based Chainalysis has announced a partnership extension with South Korea-based crypto exchange Upbit to provide blockchain analysis support across APAC.

Upbit, Chainalysis, crypto compliance, US, United States, South Korea, APAC, Thailand, Indonesia, Singapore, crypto exchange, blockchain analysis support, KYT, know your transaction, safe trading environment, anti-money laundering, AML, financial action task force, FATF

LG integrates AI facial recognition in blockchain digital currency payments

24 Apr 2020 | Digital Identity, Security & Online Fraud

South Korea-based LG’s software subsidiary, LG CNS, has unveiled a facial recognition service that combines AI and blockchain to make payments in digital currencies. 

LG, LG CNS, South Korea, facial recognition service, AI, blockchain payments, digital currency, facial recognition device, community currency, contactless payments, COVID-19, pandemic, smart card

eBay to optimise delivery service in South Korea via new platform

31 Mar 2020 | Ecommerce

Ecommerce retailer eBay Korea has announced that the company is creating synergies by integrating its independent Smile delivery service with its fulfilment platform.

eBay Korea, South Korea, Smile delivery service, retail, ecommerce, retailer

Nexon launches fintech platform company

30 Mar 2020 | Payments General

The founder Nexon, has launched a fintech platform company that should provide easy-to-use investment and financial transaction services. 

Nexon, fintech, transaction services, NXC, South Korea, tech companies, Kakao, online banking, investment

New requirements on crypto exchanges voted by South Korean lawmakers

06 Mar 2020 | Cryptocurrencies

South Korean lawmakers have voted to place tough new requirements on cryptocurrency exchanges, adding legitimacy to the country’s crypto economy.

cryptocurrency exchanges, South Korea, AML, VASP, CFT, virtual asset service providers, virtual assets, regulators

South Korean Bank NongHyup launches DLT-based mobile identification system

03 Mar 2020 | Online & Mobile Banking

NongHyup Bank, a South Korean agricultural bank, has launched a blockchain-based mobile identification system.

NongHyup Bank, South Korea, blockchain-based mobile identification system, blockchain, mobile, DLT, distributed ledger technology, distributed identity technology

Pelican expands into South Korea with CMSoft partnership

11 Feb 2020 | Payments General

Provider of payments and financial crime compliance solutions Pelican has expanded its global reach into South Korea, according to Electronic Payments International.

Pelican, South Korea, CMSoft, partnership, artificial intelligence, natural language processing, machine learning

Delivery Hero raises USD 2.56 bln to fund Woowa deal

17 Jan 2020 | Ecommerce

Food delivery group Delivery Hero has raised almost USD 2.56 billion over night from the sale of convertible bonds and new shares. 

Delivery Hero, Woowa, acquisition, delivery app, South Korea

South Korea officially launches Open Banking service

18 Dec 2019 | Payments General

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

02 Dec 2019 | Online & Mobile Banking

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

USD 49 mln in Ether stolen from Upbit

02 Dec 2019 | Cryptocurrencies

South Korea-based cryptocurrency exchange Upbit has confirmed the loss of cryptocurrency worth of USD 49 million.

cryptocurrency, exchange, Upbit, theft, Ether, fraud, digital assets, transactions, wallets, South Korea

Financial support received by FacePhi for facial biometric offerings to South Korea

19 Nov 2019 | Digital Identity, Security & Online Fraud

FacePhi has revealed it is receiving financial support from business investment body COFIDES to support the implementation of its facial recognition software in South Korea.

FacePhi, facial biometrics, South Korea, financial support, facial recognition, fraud prevention

South Korea launches pilot of Open Banking system

31 Oct 2019 | Online & Mobile Banking

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

21 Oct 2019 | Digital Identity, Security & Online Fraud

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