SEOUL, May 20 (Korea Bizwire) — Kakaopay Corp. said Monday that it will expand its offline payment business to solidify its status as South Korea’s leading fintech service platform provider. Kakaopay said it plans to launch its own application within this year so that more users can use credit cards through the one-click payment system [...]
AMSTERDAM, The Netherlands, May 15 (Korea Bizwire) — Payvision, a global payments fintech player celebrates its one-year partnership with ING, one of the largest European banks, with a brand-new visual and sonic identity, marking the company’s shift into a new era. Payvision had an excellent year in 2018, fueled by its strategic partnership with ING, [...]
SEOUL, May 14 (Korea Bizwire) — South Korean financial firms plan to spend a total of 585 billion won (US$492 million) this year to adopt new technologies, such as artificial intelligence and big data analytics, data showed Tuesday. The planned spending reflects efforts by financial authorities to take deregulatory actions and cut red tape to [...]
SEOUL, Mar. 29 (Korea Bizwire) — There is at least one industry in South Korea where hardly a day goes by without financial authorities mentioning deregulation: financial technology, or fintech. Since the National Assembly passed bills last September on a “regulatory sandbox,” in which fintech firms are allowed to experiment under amicable regulations, state regulators [...]
SEOUL, Mar. 26 (Korea Bizwire) — More than 63 percent of South Koreans have used banking and payment services via smartphones as a growing number are getting familiar with the tech device in their everyday lives, a central bank poll showed Tuesday. The survey of 2,597 adults, conducted by the Bank of Korea (BOK) last [...]
SEOUL, Feb. 20 (Korea Bizwire) — The government plans to let banks open their payment systems to financial technology firms, in a move that would provide a level playing field for new players and increase competition in the financial industry, officials said Wednesday. The plan was announced at a meeting chaired by Finance Minister Hong [...]
SEOUL, Feb. 12 (Korea Bizwire) – The Lord Mayor of London has called for increased cooperation with South Korea on fintech and green finance, the government here said Tuesday. Peter Estlin said South Korea and Britain should facilitate the new FinTech Bridge, a bilateral agreement launched in 2016 to make it easier for the two [...]
Santa Clara, California, Nov. 20 (Korea Bizwire) — Ondot Systems, the leading provider of Digital Card Services and Customer Empowerment Solutions, today announced that it was named by Deloitte’s Technology Fast 500TM as the fastest growing Silicon Valley FinTech company, and one of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech [...]
SEOUL, Nov. 20 (Korea Bizwire) — Kakaopay Corp., a South Korean mobile payment platform provider, said Tuesday that four investment products sold out in just four hours and 20 minutes on the first day of launch. On Monday, the company said it will launch a new service called Kakao Investment, allowing users to invest in [...]
SEOUL, Nov. 1 (Korea Bizwire) — South Korea’s top cryptocurrency exchange Bithumb has signed a deal with a U.S. fintech company to set up a security token exchange in America, industry sources said Thursday. The agreement with SeriesOne calls for Bithum to invest in and provide technical support for the establishment of the envisioned security [...]