✉news TechnologyInternet first seen 6 h ago, last 2 h ago, peak #17
Korean internet banks race to expand multicurrency services
South Korea's internet-only banks are moving to broaden their multicurrency offerings, allowing customers to hold and exchange foreign currencies alongside won. The push reflects growing demand for cheaper foreign exchange and overseas payments as cross-border spending and investment rise. Competition among the digital banks over currency services is intensifying.
Why now: Korean internet banks are competing to win customers with expanded foreign currency features amid rising overseas spending.
Kakao BankToss BankK BankSouth Korea
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