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 [...]
LONDON, Oct. 9 (Korea Bizwire) — Rapyd, a leading fintech platform bringing ubiquity and integration to global digital commerce, today announces new partnerships and client relationships that extend the reach and impact of its worldwide network. By building a global “network of networks” that spans five continents through physical and digital channels, Rapyd connects businesses [...]
SEOUL, Aug. 8 (Korea Bizwire) — President Moon Jae-in paid a visit yesterday to a conference to experience new innovations that are changing the fintech sector. The event at Seoul City Hall was held with the goal of vitalizing Internet-based banks. Moon participated in the conference which also showcased various examples of innovative fintech practices [...]
At an event held on Wednesday June 20th at the Silicon Valley Bank in London, UK, Mash was selected from over 1800 companies to the FinTech50 2018 list, joining FinTech giants like N26, Monzo, Raisin and Revolut on the list of Europe’s hottest FinTech companies. James Hickson, Group CEO of Mash commented, “This has been a [...]
ZURICH, Switzerland, Mar. 21 (Korea Bizwire) — Zichain, a Switzerland-based digital asset management company, is pleased to announce that it has secured an USD 1.2m investment from a syndicate of UHNW Hong-Kong based investors, supporting further development of its unique cryptocurrency products. The deal was confirmed while the Company was participating at the Goldman Sachs [...]
SEOUL, Mar. 20 (Korea Bizwire) — Financial authorities will ease Fintech restrictions following criticism that South Korea has the most restrictive information protection policies in Asia. According to the Financial Services Commission on Monday, an opt-out policy will be introduced in the financial information sector to allow companies to collect data and improve data security for [...]
Gibraltar, Jan. 18 (Korea Bizwire) — Olympus Labs is quickly becoming an emerging global leader in the cryptocurrency-based financial product space, and on the heels of a successful token sale, Olympus is partnering with Seoul-based corporation Metaps Plus, a leading Korean fintech company and mobile marketing platform developer. This news comes shortly after the company [...]
SEOUL, Jan. 9 (Korea Bizwire) — Applications for mobile payments and money transfers marked the biggest growth in the smartphone app market last year, data provided by Nielsen Korea showed Tuesday. Five of the top 10 apps from January to November last year were those referred to as fintech, short for financial technology, apps. Toss, [...]
SEOUL, Oct. 23 (Korea Bizwire) – Members of the ‘YOLO’ tribe, which refers to consumers with a tendency towards impulse buying, are found to be frequent users of coupons, discount deals and secondhand markets, a new report has claimed. According to a report from Innocean Worldwide based on an analysis of big data collected over the [...]