Ripple partners with South Korean banks, boosting cross-border payments
🇰🇷 Jeonbuk Bank chooses Ripple Payments
Ripple has just announced a strategic partnership with Jeonbuk Bank, a major regional bank in South Korea under JB Financial Group.
Under the agreement, the bank will use Ripple Payments infrastructure for cross-border commercial payment transactions.
⚡ Transactions can be processed in seconds to minutes
Ripple said its system can support 24/7 payments, with processing times ranging from a few seconds to a few minutes.
The integration is also expected to help Jeonbuk Bank cut down many intermediary steps in international money transfers currently based on SWIFT.
🏦 The first regional bank in South Korea to use Ripple Payments
Jeonbuk Bank is presented by Ripple as the first regional bank in South Korea to deploy this solution.
The service will focus on business customers such as import-export companies, tech startups, and content creators with international payment needs.
A representative of Jeonbuk Bank said the partnership aims to strengthen digital financial capabilities and expand global services.
🇰🇷 Jeonbuk Bank chooses Ripple Payments
Ripple has just announced a strategic partnership with Jeonbuk Bank, a major regional bank in South Korea under JB Financial Group.
Under the agreement, the bank will use Ripple Payments infrastructure for cross-border commercial payment transactions.
⚡ Transactions can be processed in seconds to minutes
Ripple said its system can support 24/7 payments, with processing times ranging from a few seconds to a few minutes.
The integration is also expected to help Jeonbuk Bank cut down many intermediary steps in international money transfers currently based on SWIFT.
🏦 The first regional bank in South Korea to use Ripple Payments
Jeonbuk Bank is presented by Ripple as the first regional bank in South Korea to deploy this solution.
The service will focus on business customers such as import-export companies, tech startups, and content creators with international payment needs.
A representative of Jeonbuk Bank said the partnership aims to strengthen digital financial capabilities and expand global services.