Solana said on X that South Korean fintech company KSNET has signed a memorandum of understanding with the Solana Foundation to integrate Solana Pay into its payment network. According to the post, the network reaches more than 330,000 merchants and processes about $4 billion in transaction volume each month. The announcement did not disclose a launch date or other implementation details. The update points to a planned expansion of Solana Pay into a large existing merchant payment system in South Korea through the KSNET network.

Solana said in a post on X that South Korean fintech company KSNET has signed a memorandum of understanding with the Solana Foundation to integrate Solana Pay into its payment network. According to the information disclosed, KSNET’s network reaches more than 330,000 merchants and processes roughly $4 billion in monthly transaction volume. The announcement outlined the planned integration and included the scale of the company’s existing merchant network and payment flow.