KB Kookmin Bank said April 2 it has expanded its cross-border QR payment service, “KB Star Banking Overseas Payment Service,” to cover all of Indonesia.
The service, operated through the Korea Financial Telecommunications & Clearings Institute, links Korean financial firms with overseas payment institutions so users can make QR payments abroad through their home-country banking apps.
KB Kookmin Bank said it now offers the service in 12 countries and regions, including Indonesia, Japan, Thailand, Vietnam, Taiwan and Hawaii.
With the expansion, customers can pay using QR codes in the KB Star Banking app at more than 32 million merchants across Indonesia.
The bank said it is the first in South Korea to directly connect, using the institute’s payment infrastructure, to Indonesia’s national QR network, QRIS, enabling payments in local currency without double currency conversion.
“This expansion improves access and convenience so customers can pay overseas in a familiar way,” a KB Kookmin Bank official said. The official added the bank will continue expanding its global payment infrastructure to provide financial services that fit naturally into customers’ daily lives.
* This article has been translated by AI.
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