KB Kookmin Bank to Launch JPMorgan Kinexys Cross-Border Payment Service
11 Articles
11 Articles
KB Kookmin Bank announced on the 26th that it will launch a corporate import/export payment service utilizing JP Morgan’s blockchain-based payment network, Kinesis, this coming August. Once the service is launched, import/export companies transacting with KB Kookmin Bank will be able to use faster overseas payment services while maintaining their existing business environments. The service will be available at KB Kookmin Bank’s domestic branches…
KB Kookmin Taps JPMorgan Kinexys for August Payments Launch
Why Is KB Kookmin Bank Using Blockchain Payments? South Korea’s KB Kookmin Bank plans to launch a blockchain-based cross-border payment service for import and export businesses in August, using JPMorgan’s Kinexys network to reduce settlement delays and improve payment visibility. The service will initially support US dollar transfers across 10 countries, including the US, Singapore, Saudi Arabia and the United Arab Emirates. The target market is…
South Korea’s bank unveils 24/7 blockchain payment network
Blockchain payment is set to become part of KB Kookmin Bank’s cross-border services as South Korea’s largest lender prepares to launch a new blockchain-based payment network for corporate import and export customers in August 2026. The rollout will make KB Kookmin the first financial institution in the country to use J.P. Morgan’s Kinexys platform for commercial payment services. The system will initially support U.S. dollar transactions across …
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