Moonpay Partners with South Korean Banking Giants to Expand Stablecoin Business in Asia
Article excerpt
Moonpay launched its South Korean subsidiary on Tuesday, September 29, 2026, building on existing partnerships with Kakaobank, Woori Bank, and KB Financial Group to integrate stablecoins into daily banking operations. Projects include international payments, won-backed digital currencies, and a money transfer service allowing transfers to US bank accounts in less than an hour. South Korea will also serve as a testing ground for Moonpay for broader expansion across Asia. Sending money from South Korea to a US bank account could soon take less time than a lunch break. This is the goal behind Moonpay's latest Asian expansion, which partners three major South Korean financial institutions with its stablecoin ambitions. On Tuesday, according to the statement sent to Bitcoin.com News, the payment company unveiled Moonpay Korea, a new subsidiary designed to connect the country's banking infrastructure to its international digital asset network. Kakaobank, Woori Bank, and KB Financial Group are joining this initiative, although each entity has a different aspect of the financial system to test. The service proposed by South Korean fintech giant Kakaobank aims to solve a well-known conundrum for students abroad: transferring money from their home country to an overseas bank account without having to wait for the usual international settlement times. Under the proposed model...
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The partners now intend to connect Woori's domestic banking capabilities to Moonpay's international e-wallet network, which could allow expatriate Koreans, tourists, and foreign students to buy, hold, and convert won-backed stablecoins outside South Korea.
