| Mobile Web

Search results for virtual accounts

Fintech

Cuconn to support National Pension Service public trust project, build funds management system

Cuconn will supply financial infrastructure such as virtual accounts and deposit transfers for the National Pension Service’s pilot “Dementia-Safe Asset Management Service.” Cuconn said on July 14 it provided payment services to support building a trust-asset management system. Under the project, the NPS manages and executes users’ funds as trustee and checks spending records. Cuconn provides services including transaction notices and account-holder checks.

Crypto

CoinMENA partners with Standard Chartered to boost UAE fiat deposits and withdrawals

CoinMENA is partnering with Standard Chartered to strengthen fiat payment infrastructure for customers in the United Arab Emirates, Cointelegraph reported. Under the agreement, CoinMENA will receive support from the bank for fiat deposits and withdrawals, client funds accounts and transaction management infrastructure based on virtual accounts. CoinMENA said the structure would improve liquidity settlement with approved global counterparties and enhance transaction transparency.

Finance

Coocon posts 4.47 billion won Q1 operating profit, expands stablecoin and AI businesses

Coocon is expanding its business by positioning global payments, stablecoins and AI-based data services as its next growth drivers. First-quarter revenue fell 7.5 percent from a year earlier to 16.01 billion won, while operating profit rose 1.9 percent to 4.47 billion won. The company said it defended profitability through fee-based business expansion and cost efficiency, and plans to strengthen overseas payment links and stablecoin-based payments.