KB Kookmin Bank Signs MOU With BNY on Cross-Border Digital Payments and Remittances
TECHWORLD ·
✦ AI Summary
KB Kookmin Bank signed a strategic memorandum of understanding, or MOU, with BNY, the Bank of New York Mellon, on the 28th to innovate cross-border digital asset payment and remittance services.
The agreement is aimed at proactively responding to the digital transformation of the global financial market and establishing a cooperative framework to expand innovative global payment services.
The two companies plan to use their global payment networks and Pay to Wallet capabilities to pursue overseas remittance services tailored to foreign customers and international students, as well as improved cross-border payment experiences.
KB Kookmin Bank said on the 28th, based on U.S. Eastern Time, that it had signed a strategic memorandum of understanding, or MOU, with BNY, the Bank of New York Mellon, to innovate cross-border digital asset payment and remittance services. The agreement was aimed at proactively responding to the digital transformation of the global financial market and at establishing a cooperative framework to expand innovative global payment services.
Based on the agreement, the two companies plan to lay the groundwork for expanding global payment services and to cooperate by linking their global networks with their foreign exchange and payment service capabilities. Through this, they will pursue improved convenience in overseas remittance services for foreign customers.
KB Kookmin Bank plans to leverage BNY's global payment network as well as BNY's Pay to Wallet capabilities. Based on this, KB Kookmin Bank plans to provide overseas remittance services tailored to foreign customers and international students.
Through this cooperation, the two companies plan to improve cross-border payment experiences and also pursue multifaceted collaboration.
KB Kookmin Bank said it has established a foundation for cooperating on overseas payment innovation with a trustworthy global partner.
Based on this, KB Kookmin Bank said it intends to provide differentiated digital financial services and lead financial innovation by pursuing digital payments, digital assets, and next-generation financial infrastructure.
Source: TECHWORLD · Lee Kwang-jae
Original: https://www.epnc.co.kr/news/articleView.html?idxno=407494
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Source: TECHWORLD
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