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MoonPay launches South Korean subsidiary to anchor Asia-Pacific expansion

MoonPay has established a subsidiary and commenced full-scale operations in South Korea, partnering with major domestic institutions including KakaoBank, KB Financial Group, and Woori Bank.

MoonPay logo in white lettering against a purple background.
Image: @blocknewsdotcom

MoonPay has launched a South Korean subsidiary aimed at serving as the company's hub for expansion across the Asia-Pacific region, initiating full-scale operations in the country.[1][2][3][4]

According to reporting from The Block and CoinDesk, the payments infrastructure firm is collaborating with prominent domestic financial institutions, detailing new initiatives with KakaoBank and KB Financial Group alongside existing partner Woori Bank. The planned efforts encompass cross-border payments and remittances, stablecoin settlement, South Korean won (KRW) stablecoin distribution, digital wallets, and cryptocurrency on- and off-ramps.[1][2][4][5]

Key facts

  • MoonPay launched a South Korean subsidiary intended as a hub for its Asia-Pacific expansion.
  • MoonPay initiated full-scale operations in South Korea.
  • The company outlined partnerships with KakaoBank and KB Financial Group, as well as existing partner Woori Bank.
  • The initiatives target cross-border payments, remittances, and stablecoin settlement, including KRW stablecoin distribution.
  • The collaboration also covers crypto on- and off-ramps and digital wallets.

Sources 路 4 sources

  1. BL

    BlockNews@blocknewsdotcomPost on X 路

    馃毃 JUST IN: MoonPay launches full-scale operations in South Korea, expanding its work with KakaoBank, KB Financial Group and Woori Bank. The initiatives span cross-border payments, KRW stablecoin distribution, wallets and crypto on- and off-ramps. https://t.co/yd4MXKqKzG

    Open source
  2. TB

    The Block@TheBlockCoPost on X 路

    THE BLOCK: MoonPay has launched a South Korean subsidiary, with plans to make it a hub for its Asia-Pacific expansion, outlining partnerships with KakaoBank, Woori Bank, and KB Financial Group. The initiatives cover cross-border payments, KRW stablecoin distribution, wallets, and crypto on- and off-ramps.

    Open source
  3. CB

    Crypto BriefingArticle 路

    MoonPay launches South Korean subsidiary to expand in Asia-Pacific MoonPay's expansion into South Korea could significantly enhance the integration of traditional finance with crypto, reshaping regional payment systems. The post MoonPay launches South Korean subsidiary to expand in Asia-Pacific appeared first on Crypto Briefing .

    Open source
  4. TB

    The Block@TheBlockCoPost on X 路

    THE BLOCK: MoonPay has begun full-scale operations in South Korea, outlining new work with KakaoBank and KB Financial Group alongside existing partner Woori Bank. The initiatives cover cross-border payments, KRW stablecoin distribution, wallets, and crypto on- and off-ramps. https://t.co/t86C1QaZnG

    Open source
  5. CO

    CoinDesk@CoinDeskPost on X 路

    LATEST: @MoonPay launches its Korean subsidiary, targeting cross-border remittances, payments and stablecoin settlement in partnership with Woori Bank, KB Financial Group and KakaoBank. https://t.co/6Co6L1HeDU

    Open source