Korea
Bank of Korea, Samsung to Research Use of CBDCs for Offline Payments
The South Korean central bank has reportedly partnered with tech giant Samsung Electronics to research Central Bank Digital Currencies (CBDCs) for offline payments. According to local media The Korea Herald, the Bank of Korea (BOK) and Samsung has signed a
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7 Upcoming Fintech Events in Korea and Japan to Attend
Asia-Pacific (APAC) is home to one of the fastest growing fintech industries in the world and some of the biggest players globally. The region’s large population and high fintech adoption rate make APAC one of the world’s biggest adopter of
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Korea’s E9Pay Partners With Shinhan Bank for to Offer Remittance Services
Cross-border payments company E9Pay announced that it has partnered with South Korea’s Shinhan Bank for overseas remittance and payment services. Through this partnership, E9Pay and Shinhan Bank will collaborate to develop a payment system that will allow foreigners residing in Korea
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PPRO Expands Presence in the South Korean Market
PPRO, a digital payments infrastructure provider, has expanded into the South Korean market by integrating local cards and e-wallet Toss Pay onto its platform. The addition of local cards and Toss Pay opens up a gateway for PPRO’s global partners, payment
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Top 10 Most Well-Funded Fintech Startups in South Korea
South Korea’s fintech industry is set to get a boost this year onwards as the government plans to increase its financial support to the sector and launch new initiatives to help promising companies grow, scale and expand overseas. The Financial
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South Korean P2P Lender PeopleFund Raises US$20 Million Led by Bain Capital
South Korean peer-to-peer (P2P) lending platform PeopleFund announced that it has raised an additional US$20 million led by existing investor Bain Capital. The round, which was open only to its existing investors, was joined by Access Ventures, CLSA Capital Partners
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Korean Super App Toss Valued at US$7 Billion With Latest Series G Fundraise
Toss, a South Korean super app operated by fintech startup Viva Republica, announced that it has raised a US$405 million Series G funding round and is now valued at US$$7 billion, according to a report by TechCrunch. This is the
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Samsung Ramps up Fintech Play
South Korean computers and electronics manufacturer Samsung is ramping up its fintech play, launching new finance products in India and South Korea, including credit cards, loans for consumer electronics purchases, and a new all-encompassing fintech app. Samsung’s digital lending program
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Four Asian E-wallets Expand to South Korea Through Alipay+
Ant Group announced that Alipay+ will be integrated into Asian e-wallets AlipayHK, the Philippines’ GCash, Malaysia’s Touch ‘n Go, and Thailand’s TrueMoney in an effort to jointly promote cashless travel in South Korea as travel restrictions were lifted in the country.
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South Korean Payments Firm CHAI Pockets US$45 Million in Series B+ Fundraise
South Korean payments startup CHAI raised US$45 million during a Series B+ funding round that was co-led by SoftBank Ventures Asia (SBVA) and Nyca Partners. SBVA’s participation in this funding round marks their second Series B investment into CHAI. The
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