Finance

Fintech posts record results as payment touchpoints expand, signs of loan curb easing

Major fintech firms posted strong first-half results as growth in payments and financial services lifted revenue and profit, with overseas payments and new businesses also expanding. Payment companies are widening links into daily life through merchants, local currencies and transport, while firms bundle payments with other services. As businesses grow, demands for soundness management rise. Separately, there are signs of partial adjustments to loan regulations, while bank lending volume controls continue.

Finance

Toss Securities tops 10 million cumulative subscribers as older clients rise

Toss Securities\' cumulative number of subscribers has topped 10 million, the company said on Thursday. Based on South Korea\'s population of about 51.6 million, that is roughly 1 in 5 people. It reached the milestone 5 years and 4 months after launching its mobile trading system in March 2021. Monthly active users totaled 6.5 million in July. Clients aged 40 and above now make up about 43 percent.