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Crypto

Mastercard launches Global Money Platform, expands stablecoin payment infrastructure

Mastercard has launched a corporate platform called Global Money Platform that links stablecoin balances to existing banking services and card payments. The service is designed to let companies offer stablecoin-based payments and transfers without building separate infrastructure. Mastercard said firms can hold and convert fiat currency and stablecoins, issue stablecoin-linked cards and pay out to recipients’ local bank accounts from stablecoin balances. The launch is the first integration with stablecoin infrastructure firm BVNK, which Mastercard acquired in August.

Finance

Sh Suhyup Bank offers gift vouchers to win sole proprietors as primary banking clients

Sh Suhyup Bank is running an event to attract small business customers’ card merchant payout settlement accounts, offering gift vouchers worth up to 50,000 won. The promotion targets sole proprietors who first register Suhyup Bank as the deposit account for card sales from at least two card companies. Benefits are based on cumulative deposits during the event period, with vouchers issued at three thresholds.

Finance

Delinquency rate 2.6 times higher after three months of funding strain; MyData can spot risk early

Aggregating personal financial information scattered across multiple financial firms can help identify changes in repayment capacity and funding strain that are hard to detect using only conventional credit data, an analysis showed. Users whose high funding strain persisted for three months later recorded a new delinquency rate about 2.6 times higher than those whose strain was high for only a month. Toss Insight said MyData could also help assess repayment ability for users with limited credit histories.