KSNET, a Korean fintech giant, signs MOU to integrate Solana payments across its network of 330,000+ merchants processing $4B monthly volume.
AI & Agents ·
KSNET, a Korean fintech firm, has signed a memorandum of understanding to integrate Solana-based payments across its merchant network. The arrangement targets a base of 330,000 or more merchants that currently process roughly $4 billion in monthly transaction volume, according to an announcement on X.
The move represents a bridge between traditional payment infrastructure and blockchain settlement. KSNET's scale—measured by both merchant count and aggregate throughput—would make Solana accessible to a large pool of South Korean commerce if the integration proceeds beyond the MOU stage. The specifics of how Solana transactions would settle, which stablecoin or token would denominate payments, and the timeline for rollout remain unclear.
The agreement is unsigned and non-binding in nature. Neither the depth of technical integration nor KSNET's internal readiness has been detailed. It is also not yet known whether the partnership will survive negotiation or when a formal contract, if any, might be expected.