Jeonbuk Bank inks Ripple Payments deal to enable near real-time 24/7 cross-border transfers in South Korea

Ripple has signed a payments deal with Jeonbuk Bank, marking the first regional bank payment deployment in South Korea using Ripple Payments for cross-border settlement. Reporting says the service is intended to deliver near real-time settlement for South Korean businesses, with details about launch status and the specific settlement asset not disclosed in at least one account of the announcement ^{[1] [2]}.

In separate coverage, Jeonbuk Bank is described as bringing 24/7 crypto-based cross-border payments to firms via Ripple Payments. The same reporting also frames the Jeonbuk Bank deal as Ripple’s third collaboration with a Korean financial institution this year, while another article highlights Kbank as a leading driver of South Korea’s broader Ripple Payments push ^{[3] [4]}.

The Jeonbuk Bank partnership expands Ripple Payments’ footprint in South Korea’s banking sector, with multiple outlets emphasizing cross-border settlement and 24/7 availability, though some implementation specifics remain undisclosed ^{[1] [2] [3]}.