MoonPay signed a memorandum of understanding with Woori Bank and appointed Bugeon Lee as Head of Asia-Pacific
Foresight News reported that MoonPay announced the signing of its first banking memorandum of understanding (MOU) with Woori Bank, one of South Korea's four major commercial banks. MoonPay Korea will provide global distribution, cross-border settlement, wallet access, and currency exchange infrastructure support for the South Korean won stablecoin market.
This partnership aims to connect regulated Korean won stablecoins with the MoonPay group's global network, with application scenarios covering remittances, merchant settlements, institutional payments, and cross-border financial activities. At the same time, MoonPay Korea has appointed founding executive Bugeon Lee as Head of Asia-Pacific, based in Seoul, responsible for liaising with South Korean regulatory agencies, banks, and enterprise partners.
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