Search results for Travel Wallet
Finance
Travel Wallet faces capital task ahead of 2027 Kosdaq IPO
Travel Wallet, which is seeking a Kosdaq listing in 2027, must further bolster equity as its prepaid balances have risen rapidly. South Korea\'s financial authorities required the company to increase capital and improve profitability through changes to its business structure. Travel Wallet said it can meet the management improvement standards within the deadline and that there is no change to its existing IPO schedule. The company has not disclosed its current equity or the amount of capital it needs to raise.
Crypto
Kiwoom Securities, Travel Wallet join forces on digital assets, embedded finance
Kiwoom Securities will work with global foreign exchange and payments platform Travel Wallet to seek new business in digital assets and embedded finance. The two companies signed a strategic memorandum of understanding on Aug. 5, they said on Wednesday. They plan to combine Kiwoom’s retail investment infrastructure with Travel Wallet’s digital wallet infrastructure to research next-generation digital asset businesses and develop embedded finance services.
Finance
Big tech financial platforms tighten internal controls; banks compete for young customers
Internal controls for fintech financial platforms are being tightened as concerns grow that system failures in payments, transfers and top-ups could quickly harm consumers and erode trust. Financial authorities have urged big tech e-finance operators to build IT stability and internal control systems comparable to traditional financial firms, while also revising support tools such as the financial regulatory sandbox. Banks are also stepping up competition for young customers as a youth savings product draws strong early demand.
