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A leading payments industry news source for more than 17 years. Glenbrook curates the news and keeps you abreast of the important daily headlines in payments.

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May 17, 2023

On the web

Global

Samsung and Bank of Korea Partner for In-Depth Offline CBDC Payments Research

Cryptonews

"Samsung Electronics and the Bank of Korea have inked a partnership to research Central Bank Digital Currency (CBDC) technology that could facilitate offline transactions.  On Monday, the two companies signed a memorandum of understanding at Samsung’s headquarters in the south of Seoul, according to a report by The Korea Herald.  The collaboration aims to eliminate the reliance on the internet and introduce a new phase of smooth offline transactions."
Tags: Korea

December 19, 2022

On the wires

Global

GLN and KB Join Forces to Establish Global Payment Network

PR Newswire

“GLN International (GLN), the global payment network company established by Hana Financial Group, signed MOU with KB Kookmin Bank to join the global payment network. One of the largest Korean bank which has fiercely competed in a global market, decided to cooperate with GLN to expand the network together.”

Tags: Korea
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