Search results for QRIS
Finance
PG firms team up to block fraudulent payments, rate hike fallout in focus
South Korea\'s fintech sector is expanding payment infrastructure while strengthening security and user protection. The Financial Supervisory Service and the Korea Fintech Industry Association launched a consultative body with major payment gateway firms to curb suspicious transactions. The Bank of Korea raised its policy rate to 2.75 percent, the first hike in 3.5 years, prompting tighter household lending management. Authorities also plan higher deposits and trading units for single-stock leveraged ETFs.
Finance
Cucon links global payments to Toss Place terminals
Cucon will link about 50 global mobile payment services to Toss Place payment terminals, allowing merchants to accept mobile payments from foreign visitors using existing terminals. The company said Seoul-based stores using Toss Place terminals will be able to use services including UnionPay, WeChat Pay and Indonesia’s QRIS. The service connects Cucon’s global payments infrastructure with Seoul Pay and overseas payment firms.
Finance
Cucon links Seoul Pay with Liquid Group to expand cross-border QR payments
Cucon said on June 8 it will provide a payment service linking Seoul Pay with Singapore fintech Liquid Group. The partnership allows foreign tourists to pay at Seoul-area merchants through their home payment apps, such as Liquid Pay, without separate sign-ups or additional settings. Cucon said domestic small businesses can accept various overseas simple-payment methods using existing QR codes without building separate foreign-currency systems.
