Solana Pay Lands on South Korea's Largest Payment Network
KSNET, a South Korean payment processor that handles around $4 billion in monthly transaction volume, has partnered with the Solana Foundation to bring Solana Pay to its network of over 330,000 merchants. This move is set to be one of the largest real-world crypto payment integrations in Asia.
The partnership, which was announced on July 30, outlines plans to integrate Solana Pay into both online and offline payment experiences across KSNET's merchant network. The two organizations also plan to develop a proof-of-concept for an AI-based payment model using technology called 'x402.'
KSNET has been in the payments business for 26 years and processes approximately 130 million transactions every month. This partnership appears broader in scope than KSNET's previous collaboration with Crypto.com, which supported digital asset payments for travelers across various retail categories in Korea.