Ripple Partners With South Korea’s Jeonbuk Bank for Cross-Border Business Payments
TLDR
- Ripple has partnered with South Korea’s Jeonbuk Bank to deploy its Ripple Payments platform for cross-border business remittances.
- Jeonbuk becomes the first South Korean regional bank to adopt Ripple Payments.
- Settlement is described as “near real-time,” completing in seconds to minutes versus days via traditional banking.
- Key details including payment corridors, fees, launch date, and settlement assets have not been disclosed.
- This is Ripple’s third South Korean banking partnership in 2026, following deals with Kbank and Kyobo Life Insurance.
Ripple has announced a partnership with Jeonbuk Bank, a South Korean regional lender, to bring its cross-border payments platform to business customers. The deal was announced on August 18, 2026.
Jeonbuk Bank is the first regional bank in Korea to deploy Ripple Payments, replacing multi-day SWIFT transfers with near real-time, 24/7 cross-border settlement for its business customers. Our third Korean partnership this year, after Kyobo Life Insurance and Kbank, partnering…
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