Jeonbuk Bank launches Ripple Payments for near-instant cross-border transfers in South Korea.

Jeonbuk Bank has become the first regional bank in South Korea to implement Ripple Payments, enabling near real-time, 24/7 cross-border remittances. This move aims to replace traditional multi-day international transfers with faster, more transparent settlements, benefiting businesses like importers, exporters, and startups. The partnership also marks a strategic step for Jeonbuk Bank to expand its digital finance capabilities and aligns with Ripple's broader institutional push in South Korea, which includes collaborations with Kyobo Life Insurance and Kbank. This development could serve as a model for other regional banks seeking to modernize international payments while maintaining trusted banking infrastructure.