Solana Pay Expands Into South Korea as KSNet Connects 330,000+ Merchants
TL;DR:
- Financial infrastructure company KSNet and the Solana Foundation signed a memorandum of understanding on July 30, 2026, in Seoul.
- KSNet’s processing network connects over 330,000 merchants in South Korea and manages nearly 4 billion dollars in monthly volume.
- The agreement contemplates the execution of two proof-of-concept projects focused on the Solana Pay gateway and the x402 protocol.
On Thursday, South Korean payment solutions provider KSNet formalized a memorandum of understanding with the Solana Foundation to link Solana Pay technology to its commercial infrastructure.
BREAKING: Korean fintech giant KSNET is bringing payments on Solana to its network of 330,000+ merchants
As part of an MOU with Solana Foundation, KSNET will integrate Solana Pay into a payment network processing $4B in monthly volume. pic.twitter.com/XYcccF3H3Q
- Solana (@solana) July 30, 2026
The agreement was signed at KSNet’s physical headquarters in the Seocho-gu district of Seoul. With a track record of over 25 years in the South Korean financial sector, the firm serves as a Value-Added Network (VAN) and payment gateway in the local market. The company processes approximately 130 million transactions per month.
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