South Korea’s Kakao Pay eyes majority stake in Siebert
Kakao Pay has acquired a 19.9% stake in the US firm and plans to buy an additional 31.1%.
Kakao Pay has acquired a 19.9% stake in the US firm and plans to buy an additional 31.1%.
This integration “opens up a gateway” for PPRO’s global partners to reach South Korean consumers, PPRO says.
The investment is part of Binance’s ‘Industry Recovery Initiative’ (IRI), launched in 2022.
Tonic Private Equity led the Series G round along with a number of existing investors.
The latest equity round brings total funds raised by ADDX since 2017 to around $140 million.
Since it was founded in 2016, the firm has raised more than $110 million in total funding.
The firm has acquired payment service provider PnLink and virtual asset service provider OK-BIT.
Qraft’s US CEO says investment management is “ripe for disruption” thanks to AI.
This is the latest in a number of distributed ledger innovations by the South Korean bank.
The charge related to the closure will affect the bank’s operations through the rest of 2021 and 2022.
SCB Korea is looking to overhaul its technology as part of its digital transformation.
The firm is scheduled to debut on KOSPI on 12 August.
Toss has now accrued around $844 million in funding across ten separate rounds.
South Korean firm shifts 15 million customer accounts off premises.
The payments provider will accept digital currencies via ICON’s blockchain ecosystem.
The tech company plans to diversify financial market in South Korea
“Banks must weave their services into customers’ digital lives”.
The South Korean bank expects artwork and real estate to be traced via blockchain in future.
Figure represents a quadrupling of registrations since an October 2019 pilot.
Fintechs can be exempt of regulations for up to four years.
“KB Bank are taking a more open market approach,” says Trustonic.
The bank filed a trademark application at the end of January.
The Big Tech is gearing up to take on Amazon and Microsoft’s rival cloud products.
Starbucks said its prepaid cards had $1.56 billion in stored value at the end of 2019.
iStox claims to offer one-stop issuance, custody and trading of digitised securities.
5.51 million open banking accounts have now been registered.
The scheme will involve a “comprehensive assessment” for Open Banking.
The S10’s fingerprint feature glitch means it can be unlocked by anyone.
A successful licence bid would create the third internet bank in the country.
‘Samsung Pay Cash’ and ‘Money Transfer’ are just the beginning.
SFG and CoHive has officially launched the Shinhan Future’s Lab Indonesia.
Wirecard is struggling amidst fraud investigations.
Standing up to big players like Mastercard and Visa.
Featuring New Zealand, Ant Financial, and Raisin.
The nation’s Financial Services Commission gives fintech another boost.
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Seoul Innovation Growth Fund seeks to boost sector.
Payments firm confirms that preparations are “in the works”.
Bithumb, Coinone, Korbit, and Upbit wake up to the threats.
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!