KB Kookmin Card has partnered with Japan's SBI Holdings to expand cooperation in artificial intelligence (AI) agent-based financial services and digital payments.
On October 13, KB Kookmin Card announced that it has signed a memorandum of understanding (MOU) with SBI Holdings, SBI Averspin, and Averspin to collaborate on digital finance.
Under the agreement, the four companies will jointly explore ways to link services between South Korea and Japan using AI agents and digital payment technologies.
Initially, they will validate technology that verifies identity and authorization to ensure that AI agents can safely perform tasks within user permissions. The first phase will assess the identity verification process when the Japanese AI agent accesses domestic services. Following this, they plan to expand the verification scope through access rights management for each service and explore the potential for integration with payment services like KB Pay.
They will also consider cross-border payment solutions utilizing stablecoins. This would connect digital assets, such as stablecoins held by Japanese tourists, to the domestic payment environment. The procedures necessary for actual service operations, including payments and settlements at domestic merchants, as well as cancellations, refunds, and fraud prevention, will also be examined.
A representative from KB Kookmin Card stated, "Through this agreement, we plan to explore the potential for digital payment cooperation between South Korea and Japan, aiming to provide a convenient and secure digital payment experience for customers in both countries."
* This article has been translated by AI.
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