Munpay Develops Merchant Payment Model for Foreigners...Collaborates With KB Kookmin Card on Digital Asset Payments
TECHWORLD ·
✦ Resumen de IA
Munpay will pursue collaboration with KB Kookmin Card on digital asset-based payment services.
The scope of cooperation covers domestic merchant payments for foreigners and cross-border stablecoin-based payment and settlement.
The two companies plan to verify service safety, convenience, interoperability, and business feasibility through a joint PoC.
Munpay said it will pursue collaboration with KB Kookmin Card on digital asset-based payment services. The two companies have set as areas of cooperation domestic merchant payments for foreigners and cross-border stablecoin-based payment and settlement.
Based on this, the two companies plan to jointly develop new service models. Munpay and KB Kookmin Card will pursue collaboration on digital asset payment services and seek joint models centered on foreigner payments and cross-border payment and settlement.
The partnership combines KB Kookmin Card's payment infrastructure with Munpay's global digital asset technology and network. The companies aim to verify the potential for services that can be used in real-world payment environments.
As an initial task, they proposed developing a service model that would allow foreigners to pay at domestic merchants using digital assets, including stablecoins. To this end, the two companies will first work on developing a model for foreigners' payments at domestic merchants.
Munpay said it is reviewing ways to improve payment convenience for foreign users by linking digital assets with the domestic payment environment. It also said it is reviewing a structure that would allow merchants to process payments stably.
Munpay and KB Kookmin Card will jointly develop a cross-border stablecoin-based payment and settlement model. The two companies are considering linking Munpay's global digital asset infrastructure with KB Kookmin Card's payment network, and through this are seeking a business structure that can support cross-border fund movement and payment efficiency.
To this end, the two companies will pursue a joint PoC. The verification will use resources that combine both sides' technology, payment infrastructure, and digital asset-related experience, and they plan to confirm service safety, convenience, interoperability, and business feasibility in stages.
Lee Bugeon, cofounder and Asia head of Munpay, said that in order for digital assets to expand into everyday payment methods, an experience that connects naturally with existing payment infrastructure is important. He also said the company plans to verify new use cases for domestic foreigner payments and cross-border payment and settlement by combining KB Kookmin Card's payment network with Munpay's global digital asset infrastructure.
Source: TECHWORLD · Lee Gwang-jae
Original: https://www.epnc.co.kr/news/articleView.html?idxno=407776
References
This article was produced with the help of an automated content generation algorithm.
Source: TECHWORLD
Ver originalThis article was summarized and organized by BizCrush based on the original article from TECHWORLD. For exact quotations and full details, please refer to the original article.