Sinest and KB Kookmin Bank Announce Launch of Simple Payment Service "Adappter Pay"

On March 10, Sinest Co., Ltd., the developer and operator of Adapter Token (ADP), announced that it has partnered with KB Kookmin Bank to develop its own simple payment Service "Adapper Pay".

Sinest and KB Kookmin Bank signed a Memorandum of Understanding on February 24, 2022 to jointly advance innovative customer-centric digital businesses.

Taking the opportunity of the MOU, the two companies agreed to explore various innovative business models that can be used as global digital finance, and announced that they will jointly promote financial services based on the technologies of both parties Digital business and customer groups such as technology, big data, and simple payment services.

After the MOU negotiations, Sinest and KB Kookmin Bank announced the news of their first joint project "Adappter Pay" in the field of simple payment services on the 10th.

Adappter Pay is a simple payment service that allows users to pay with simple authentication linked to a credit card or bank account. Starting from the K-POP fan community platform app "PODOAL" within the "Adappter Ecosystem" operated by Sinest, starting from the second half of this year, Adapter Pay will serve as the main fintech tool for all business areas within the "Adappter Ecosystem".

Adappter ecology takes the global "blockchain content reward platform" as the core technology, and other projects include sports, beauty, NFT (non-homogeneous Token), P2E (Play to Earn), R2E (Read to Earn) and other content platforms, and T2E (Time to Earn), etc.

After Samsung signed a formal ecological content partnership with Adapter, Sinest's "Adappter Project" has passed the MOU agreement with KB Kookmin Bank and "Adappter Pay ” development has proven stability and scalability. In the future, it is expected to further expand its fintech business through cooperation with KB Kookmin Bank, reaching cooperation with developers and service companies in various fields.

In fact, with the announcement of the expansion of the "Adappter Ecosystem", in December last year, it was announced that the development of global P2E and NFT fishing games was launched, and the local Indonesian subsidiary "PT . SINEST INDONESIA INTERNATIONAL was established, and the news that "Adappter Project" entered the global market came out.

In January this year, it was reported that FBG Capital, a well-known global venture capital company in Asia, participated in the investment, and that Adapter Token (ADP) was successively listed on the world's largest virtual asset trading platform information.

KB Kookmin Bank and Sinest will launch preferential policies for "Adappter Pay" customers, and use the collected big data to discover business models to provide convenience to customers. At the same time, he said that the two companies will gradually promote customer-centric innovative digital joint projects through data cooperation such as expanding financial technology business for customers, joint promotion, and promotional marketing cooperation.

Sinest Co., Ltd. Chairman Shin Kyung-tae said: "This cooperation agreement will " Adapter Project 』 It will be of great help to the business expansion of the company, and through "Adappter Pay", the company and KB Kookmin Bank will expand its business scope. "Through cooperation in various fields such as financial technology business, publicity and promotion, marketing, etc., we look forward to forming a synergy effect in the financial technology field.

"We are also in close negotiations with local banks in Southeast Asia such as Thailand and Indonesia to advance the global payment business." It indicates the possibility of global expansion of Sinest's fintech business sex.

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