MoonPay launches South Korean subsidiary to expand in Asia-Pacific

MoonPay has officially planted its flag in South Korea, launching a dedicated subsidiary called MoonPay Korea on September 29 at Seoul’s Conrad Hotel. The move marks the crypto payments company’s most aggressive push yet into the Asia-Pacific region, with plans to partner with some of the country’s largest financial institutions on stablecoin infrastructure and cross-border payments. The company, which has processed over $45 billion in cumulative volume and serves 32 million verified users globally, is betting that South Korea’s rapidly evolving digital finance landscape represents its next major growth opportunity. Banking on local partnerships MoonPay has identified three specific banking partners it wants to work with: Woori Bank, KB Financial Group, and KakaoBank. The groundwork was already being laid months before the Seoul launch event. MoonPay signed a memorandum of understanding with Woori Bank back in April 2026 to collaborate on KRW stablecoin infrastructure. The new subsidiary is designed to take that kind of preliminary handshake and turn it into an operational reality. The core pitch to Korean banks is straightforward: MoonPay wants to help them build and distribute th...