Search results for virtual accounts
Finance
FSS to introduce rules on PG firms reselling virtual accounts, effective July
South Korea\'s Financial Supervisory Service will introduce standards to directly regulate the overall resale of virtual accounts by payment gateway firms, aiming to prevent illegal acts involving such accounts. The rules cover merchant screening and follow-up management, pre-emptive blocking of suspected illegal transactions and anti-money laundering obligations, including CDD and STR. The standards will take effect on July 1 after a preparation period for system development.
AI & Enterprise
Yuanta Securities sees strong Q1 results for Hecto Innovation; highlights subsidiary growth and stablecoin moves
Yuanta Securities issued a report on April 27 with a positive outlook for Hecto Innovation’s first-quarter performance. It expects growth in the core business and consolidated subsidiaries, and sees consolidated first-quarter revenue exceeding 100 billion won. Analyst Kwon Myung-joon highlighted Hecto Financial and Hecto Healthcare, citing guidance-based gains and continued momentum. The report also noted stablecoin-related participation in Circle’s Arc public testnet and Hecto Group’s April agreements and investments.
Finance
Hecto Financial ends Paju bulky waste disposal with a single photo
Hecto Financial said on Tuesday it is supplying Paju with an integrated resource-circulation management system and accelerating its expansion into public services. The system brings bulky waste reporting, payment and collection management online, allowing users to complete procedures by uploading a disposal photo. It removes the need for stickers, reducing complaints linked to loss or theft. The service works without an app or membership and supports multiple payment methods.
