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Fintech

KB Kookmin Bank launches \'No Arrears\' instant remittance service to prevent wage delays

KB Kookmin Bank has introduced a service aimed at improving the stability of wage payments for day laborers and gig workers. The service remits wages directly to workers’ bank accounts through a platform, while brokerage introduction fees are transferred and settled separately. Launched in cooperation with the day labor brokerage platform Ilgaja, it also provides online labor and tax functions such as e-contracts, e-signatures and pay statements. The partners will initially run it for 340,000 workers and about 190,000 work sites.

Crypto

Ripple CEO targets $1 billion in revenue excluding XRP, expands payments and software

Ripple has set a goal of reaching $1 billion in recurring operating revenue by the end of 2026, excluding sales or holdings of the XRP token. Brad Garlinghouse said the company aims to separate commercial performance from XRP\'s price by generating revenue from software and financial infrastructure. Ripple highlighted stronger 2026 first-quarter trends, growth tied to Ripple Prime and Hidden Road integration, enterprise treasury clients and expansion of RLUSD and AI tools.

Finance

Eight Percent pushes mutual finance linked investment to expand mid-rate loans

Eight Percent is pursuing linked investment with the mutual finance sector to expand the supply of mid-rate loans for borrowers with mid to low credit scores. The company aims to combine region-based funding from mutual finance groups with online investment-linked finance firms’ credit assessment capabilities. It plans to expand cooperation starting with local agricultural cooperatives, with its first linked investment product due in the second half of this year.