Shinhan Financial Group of South Korea has signed a strategic partnership agreement with Visa, according to Yonhap News Agency. The cooperation will center on digital assets and future financial services, with Shinhan planning to use Visa’s stablecoin platform to test core functions tied to issuance, transfers, and redemptions. The group said the work will be carried out with South Korea’s domestic financial rules and market conditions in mind as the two sides shape a business model. The agreement also covers possible stablecoin use in financial services such as credit card bill settlement, along with AI-driven payment models and the expansion of both B2B and B2C payment businesses. The announcement outlines an operational testing and design effort rather than a public product launch.
Shinhan Financial Group has signed a strategic partnership agreement with Visa to work on digital assets and future financial services, according to Yonhap News Agency.
Shinhan said it plans to use Visa’s stablecoin platform to test core functions including stablecoin issuance, transfers, and redemptions. The two sides also plan to design business models based on South Korea’s local financial regulations and market conditions.
They will also explore the use of stablecoins in financial services such as credit card bill settlement, while advancing AI-driven payment models and expanding B2B and B2C payment business lines.
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