Automated FX, remittance, and settlement
A single API bridging bank networks and blockchain automatically processes multi-step FX, remittance, and settlement.
ParaSta connects bank networks and blockchain to process FX, remittance, and settlement through a single API. Keep your existing payment network, add settlement, reconciliation, and control, and scale from closed settlement tokens to stablecoins to match your regulatory and business environment.
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ParaStaKorea's simple-payment services process roughly KRW 960B in average daily volume. As settlement volume grows, automated reconciliation, transparency of fund flows, and control over errors and fraud become increasingly critical. Public and private settlement, including the KRW 17.6T local-currency voucher market in 2024, faces the same challenge.
Simple payment, average daily usage
Simple remittance, average daily usage
Source: National Assembly Budget Office (2025) evaluation of the local-currency voucher issuance and management framework. Total issuance of KRW 17.6T in 2024.
Transaction ledgers and payment-processor data drift apart, requiring manual reconciliation.
Refunds, cancellations, and chargebacks mean settlement has to be redone.
Distribution and settlement involving multiple partners make reconciliation and control complex.
You need to track who changed what and when, and respond to audits.
Transaction and payment data are reconciled automatically, so you only need to review the mismatches.
Settlement is re-calculated in real time whenever a refund or cancellation occurs.
Each partner’s share is automatically distributed and settled according to a defined rule.
Who changed what, and when, is recorded automatically, simplifying audit response.
Add just a settlement and control layer on top of your existing payment rail, lowering the barrier to adoption and automating your fund flows.
A single API bridging bank networks and blockchain automatically processes multi-step FX, remittance, and settlement.
Reflects approvals, cancellations, and refunds in real time, and automatically reconciles fees and settlement records.
Run a token settlement rail alongside your existing payment rail to lower the barrier to adoption.
Start with a closed settlement token with fewer regulatory variables, then expand to a stablecoin when you’re ready.
Combines wallet and user eligibility checks with fund-flow monitoring and audit reporting.