Solana Pay Targets 330k Korean Merchants via KSNet AI Integration

Woofun AI reports that Solana Pay has entered the South Korean market through a strategic memorandum of understanding (MoU) with KSNet, signed on July 30, 2026, at the firm’s headquarters in Seoul’s Seocho-gu district.

KSNet brings a 25-year history in the financial sector, operating as a Value-Added Network (VAN) and payment gateway. The infrastructure processes approximately 130 million transactions per month, providing a substantial base for blockchain integration.

The initial phase involves proof-of-concept (PoC) projects linking Solana’s digital payment standard to KSNet’s physical and online merchant network. To ensure compliance with anti-money laundering (AML) regulations and prevent illicit funds, the system incorporates specific filters.

Additionally, a direct link to the South Korean won settlement network is established to mitigate risks from exchange rate volatility during asset settlement.

Woofun AI data shows the second phase targets the x402 protocol for automated payment systems. Leveraging the HTTP 402 ('Payment Required') status code, this protocol enables artificial intelligence agents to execute micropayments for application programming interfaces (APIs) or restricted digital content without complex login processes or credit card authentication.

Traditional banking’s multi-level fee structures and fixed costs often hinder the commercial viability of small-value transactions. In contrast, the Solana Foundation highlights that its network’s confirmation speed and low fees are critical for enabling machine-to-machine (M2M) payment models.

Both institutions will now conduct technical viability testing in a controlled environment. KSNet representatives indicated that results from these trials will determine the parameters for a commercial rollout tailored to the South Korean financial framework.