Korea

South Korea Examines Virtual Currency Use At Six Banks

South Korea Examines Virtual Currency Use At Six Banks
South Korea Examines Virtual Currency Use At Six Banks
January 08, 2018  |  Bitcoin

South Korean financial authorities, in the form of a joint inspection by the Financial Services Commission (FSC) and Financial Supervisory Service (FSS), are taking a...

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Flywire Offers Tuition Discounts For Using A Mastercard
Flywire Offers Tuition Discounts For Using A Mastercard
August 16, 2017  |  Mastercard

Flywire, the cross-border payment company, announced news on Tuesday (Aug. 15) that it is providing students and their families discounted prices on cross-border tuition payments...

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Currencycloud Teams With Hyundai Card For Mobile Remittance Service
Currencycloud Teams With Hyundai Card For Mobile Remittance Service
June 27, 2017  |  Payment Methods

Cross-border payments platform Currencycloud and Hyundai Card, South Korea’s digital pioneer company, recently announced an exclusive partnership to enable the launch of Korea’s first mobile remittance service...

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PayPal Leads $48M Round In Korea’s Viva Republica and Its Toss App
PayPal Leads $48M Round In Korea’s Viva Republica and Its Toss App
March 10, 2017  |  Mobile Commerce

Viva Republica, the developer of the financial services app Toss in Korea, has raised $48 million in a Series C round of funding that includes...

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Korea Testing Putting Change On Cards To Move To Coinless Society
Korea Testing Putting Change On Cards To Move To Coinless Society
January 11, 2017  |  Cash

Korea is gearing up to move to a so-called “coinless society,” with the central bank announcing plans to pilot a service in which consumers would...

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Korean Beauty Startup Memebox Raises $60M
Korean Beauty Startup Memebox Raises $60M
December 16, 2016  |  Retail

Korean online cosmetics and skincare startup Memebox recently announced it has raised an additional $60 million in funding only months after announcing a $66 million...

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Apple To Face Opposition From Seoul Firms Over Closed NFC
Apple To Face Opposition From Seoul Firms Over Closed NFC
September 13, 2016  |  Apple

Apple is about to face opposition from a group of Seoul-based financial technology firms that are gearing up to file a complaint with the Korean...

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UK And Korea Create FinTech Bridge
UK And Korea Create FinTech Bridge
July 25, 2016  |  Cross-border Payments

With FinTech startups exploding on the scene, U.K. and Korea want to make it easier for both companies to invest in the financial technology sector, creating...

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