New Korea Finance and Visa signed strategic cooperation to advance the stabilization of currency and AI payments

On 26 August, according to the Korean Federation, the New Korea Financial Group announced today that a strategic business agreement had been signed with the Visa Group to advance future financial operations, such as digital assets. The agreement signed at Headquarters in Seoul in April between New Korea Finance Chairman Chen Yudong and the President of Visa, Chris Newkirk, was a concrete place for both management to discuss the cooperation programme. Under the agreement, the New Korea Finance will use the Visa ' s stable currency platform to validate core functions such as distribution, remittances, repayments, and jointly design business models appropriate to the Korean financial environment. The parties will also cooperate in the application of stabilization currency in financial services such as bank card settlement, the AI payment model and the expansion of B2B/B2C payments. The New Korea Financial Plan combines the capabilities of major subsidiaries such as banks, credit cards and Jeju Bank with Visa ' s network and technology to respond to changes in the financial environment. Chen Yudong stated that a long-term partnership with Visa would be extended to the full field of digital finance and that we would work with Visa to design a new future finance model that would provide differentiated financial experience for clients。