KB Kookmin Bank Signs Strategic Partnership with BNY Mellon

Cooperation in Cross-Border Digital Payment and Remittance
Exploring the Introduction of New Payment Methods and Channel Integration

KB Kookmin Bank announced on the 29th that it signed a 'Strategic Business Agreement (MOU) for Innovation in Cross-Border Digital Asset Payment and Remittance Services' with BNY Mellon on the 28th.

Paik Gi-hyun, Head of Foreign Exchange Business Division at KB Kookmin Bank (3rd from the left), and Jennifer Barker, Global Head of Payments and Trade Finance at BNY (4th from the left), are posing for a commemorative photo at the 'Strategic Memorandum of Understanding (MOU) for Innovation in Cross-Border Digital Asset Payments and Remittance Services' held on the 28th (Eastern Time, USA) at the Miami Beach Convention Center in Florida, USA. KB Kookmin Bank

This agreement was designed to proactively respond to the digital transformation trend in the global financial market and to establish a cooperative system for expanding innovative global payment services.

The signing ceremony was attended by KiHyun Baek, Head of Foreign Exchange Business at KB Kookmin Bank, Jennifer Barker, Global Head of Payments and Trade Finance at BNY, and other officials from both companies.

Through this partnership, the two banks will strengthen overseas remittance services for foreign customers. KB Kookmin Bank plans to utilize BNY's global payments network and 'Pay to Wallet' capabilities to provide tailored international remittance services for foreign nationals and international students.

In addition, the two parties plan to pursue multifaceted cooperation by linking their global networks as well as their foreign exchange and payment service capabilities.

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