Wire · technology
Ripple signs first Korean regional bank payments deal
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Fusion42 · 18 August 2026 · Fusion42 review
Ripple partnered with Jeonbuk Bank to enable near real-time cross-border business remittances, making Jeonbuk the first South Korean regional bank to deploy Ripple Payments. The service aims to shorten settlement times significantly and serve business customers including importers, exporters, technology startups, and online creators.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
Near real-time settlement is now viable for regional Korean banks through Ripple Payments, opening direct access to faster cross-border flows and cutting out intermediaries. You need to explore as a payments founder where correspondent banking delays create opportunities to disrupt local business remittance corridors.
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1 source · 18 Aug 2026
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