KB Kookmin Bank, BNY Sign MOU on Cross-Border Digital-Asset Payments and Remittances
Summary
- KB Kookmin Bank said it signed a strategic memorandum of understanding with BNY to expand cross-border digital-asset payment and remittance services.
- KB Kookmin Bank said it plans to use BNY's global payments network and Pay to Wallet capabilities to improve the convenience of overseas remittance services for foreign nationals and international students.
- The two banks said they plan to expand cooperation in the cross-border payments sector by linking their global networks and foreign-exchange and payments services capabilities.
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KB Kookmin Bank is teaming up with BNY to expand cross-border digital-asset payment and remittance services.
Financial News reported on September 29 that KB Kookmin Bank signed a strategic memorandum of understanding with BNY on September 28 at the Miami Beach Convention Center in Florida to innovate cross-border digital-asset payment and remittance services.
The agreement is intended to help the two banks respond to the digital transformation of global financial markets and establish a cooperative framework in cross-border payments and overseas remittances.
KB Kookmin Bank plans to use BNY's global payments network and Pay to Wallet capabilities to make overseas remittance services more convenient for foreign nationals and international students.
The two banks also plan to broaden cooperation in cross-border payments by linking their global networks with their foreign-exchange and payments service capabilities.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.