Articles with tag like: South Korea

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South Korea to introduce law to help reverse erroneously made mobile payments

News | Mobile Payments | 17 Feb 2021

South Korea is set to introduce a law aimed at helping to reverse and refund wrongful fund transfers that have been erroneously made via mobile payment services.

South Korea, mobile payments, fund transfer

Boku launches direct carrier billing for Microsoft in South Korea and Saudi Arabia

News | Mobile Payments | 11 Feb 2021

Boku, a global provider of mobile payment and identity solutions, has announced that it has launched direct carrier billing as a payment method for Microsoft in both South Korea and Saudi Arabia.

Boku, direct carrier billing, Microsoft, South Korea, Asia, Saudi Arabia, Middle East, mobile payments

South Korea extends ban on short-selling

News | Payments General | 05 Feb 2021

The South Korean Financial Services Commission has announced it will be extending a ban on short-selling after the GameStop share price pump.

South Korea, short-selling, GameStop, trading, retail investors, stock trading, anti-short, Celltrion

South Korea to allow more freedom in the Open Banking ecosystem

News | Online & Mobile Banking | 02 Feb 2021

South Korea’s Financial Services Commission (FSC) has unveiled its work plan for 2021, outlining key areas of focus, including expanding the Open Banking ecosystem.

South Korea, regulations, FSC, Open Banking, contactless payments, Savings Banks, credit card, fintech, MyData, MyPayment

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

EMQ expands into South Korea

News | Payments General | 05 Jan 2021

Hong Kong-based global financial settlement network EMQ has expanded its operations into South Korea, offering cross-border payout capabilities to businesses worldwide.

EMQ, South Korea, expansion, FX

South Koreans to order food via bank apps in 2021

News | Online & Mobile Banking | 04 Jan 2021

South Korea’s top financial regulator has announced lenient regulations in 2021 to foster convergence between finance and new technologies, according to The Korea Herald.

South Korea, bank, app, banking, Food Order, FSC, Open Banking, financial institutions, COVID-19

Korean payment company Danal Fintech joins ICON blockchain ecosystem

News | Cryptocurrencies | 11 Nov 2020

Danal Fintech, a subsidiary of Danal which is a large payment company in South Korea, has joined the ICON blockchain ecosystem, a large, decentralised network in Korea.

Danal Fintech, blockchain, payment company, ICON ecosystem, South Korea, PayCoin, remittance, merchants

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

India, trading partners face USD 38 bln growth opportunity, Standard Chartered report

News | E-invoicing, SCF & E-procurement | 13 Oct 2020

Standard Chartered has released its Trade Opportunity Report, revealing how businesses could increase exports to India by more than USD 21 billion annually.

India, trading, trade growth, Standard Chartered, Trade Opportunity Report, exporter, bilateral trade, trade opportunity, COVID-19, US, Malaysia, Indonesia, Singapore, UK, ASEAN, Thailand, Vietnam, South Korea, France, Germany

Bank of Korea plans cryptocurrency (CBDC) testing in 2021

News | Cryptocurrencies | 08 Oct 2020

South Korea’s central bank has revealed that the third and final phase of its pilot programme for a CBDC will commence in 2021.

Bank of Korea, cryptocurrency, CBDC, South Korea, central bank, BOK, central bank digital currency

South Korea sees offline banking decrease in favour of fintechs

News | Online & Mobile Banking | 06 Oct 2020

South Koreans visiting banks for money withdrawal, deposit, and transfer have decreased in numbers due to online and mobile banking users multiplying. 

offline banking, South Korea, fintech, banks, Bank of Korea, mobile banking, online banking, withdrawal, deposit, Transfer, smartphone, apps, central bank, ATMs, banking apps, digital banks, digital payments, online shopping

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

News | Mobile Payments | 29 Sep 2020

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

News | Online & Mobile Banking | 29 Sep 2020

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

News | Cards | 25 Sep 2020

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

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

News | Mobile Payments | 14 Sep 2020

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

News | Mobile Payments | 03 Sep 2020

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

News | Digital Identity, Security & Online Fraud | 31 Aug 2020

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

News | Cards | 31 Aug 2020

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

South Korean P2P payments operator Viva Republica raises USD 173 mln

News | Payments General | 28 Aug 2020

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