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Finance

Deposit tokens push into payment networks, accelerate capital market overhaul

Deposit-token trials are spreading from payment gateways and merchant networks to cross-border payments, shifting the commercialisation race from issuance to where tokens can be used. Payment and settlement at the same time could cut small merchants’ fees and settlement periods. Inclusive finance is expanding by borrower type as banks tailor products and fintechs support fees. Regulators are weighing tighter limits on single-stock leveraged products. Market reforms also tighten scrutiny of duplicate listings and low-PBR firms.

Finance

Toss Payments joins pilot for deposit token payment infrastructure

Toss Payments, the payment gateway unit of Viva Republica, is taking part in a private pilot to connect deposit tokens to existing payment networks. The company plans to build infrastructure that supports deposit token payments without merchants replacing terminals or developing separate systems. Toss Payments said it was selected as the preferred bidder for a project under the Blockchain Innovation Leading Project led by the Ministry of Science and ICT and the Korea Internet & Security Agency.

Finance

Korea Fintech Industry Association, FSS check payment risks and internal controls at electronic financial firms

The Korea Fintech Industry Association and South Korea\'s Financial Supervisory Service held a seminar in Seoul to review internal control duties for electronic financial firms, including oversight of sub-payment gateway operators, financial soundness and reporting of transaction terms. The FSS outlined revised supervisory rules covering merchant fee disclosures and new evaluation duties for sub-PGs. Speakers also covered payment risk management, business guidance standards and procedures for drafting and reporting electronic financial transaction terms.