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South Korea's Jeonbuk Bank adopts Ripple for near-instant international business payments.

Market News
18 Aug 2026
Blockonomi
View Source
Bullish
South Korea's Jeonbuk Bank adopts Ripple for near-instant international business payments.

Jeonbuk Bank, a regional South Korean bank, has partnered with Ripple to implement Ripple Payments technology, enabling near real-time international business transfers. This replaces the traditional multi-day SWIFT system, allowing transactions to process within seconds to minutes, enhancing efficiency for companies with frequent cross-border payments. While specific details like pricing, supported routes, and launch timing remain undisclosed, this marks Ripple's third partnership in South Korea in 2026, following agreements with Kbank and Kyobo Life Insurance. The move highlights growing adoption of Ripple's payment infrastructure among Korean financial institutions, aiming to boost Jeonbuk Bank's digital finance capabilities and support international business growth.

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