Toss Plans Australia Superapp Launch, Could Issue Korean Won Stablecoin If Regulations Permit

• Toss to launch finance superapp in Australia by year-end

• Plans include P2P transfers, account aggregation, and core wallet services.

• Over 30 million South Korean users; stablecoin launch pending regulatory approval from South Korean authorities.

Toss Australia launch and Korean won stablecoin plans — get the latest on expansion, regulation, and product timeline. Read more on Coinotag.

What is Toss planning for Australia and a won stablecoin?

Toss plans to launch a finance superapp in Australia this year and to issue a Korean won–pegged stablecoin when South Korean regulation permits. The Australia expansion will introduce account aggregation and instant peer-to-peer (P2P) services to address fragmented banking habits and open-banking frameworks.

Why is Australia a supportive market for Toss?

Australia’s Consumer Data Right (CDR) and the New Payments Platform (NPP) create a suitable environment for a superapp. CDR enables accredited third parties to access banking data, while NPP supports instant P2P and request-to-pay features. These systems align with Toss’s account-aggregation and transfer-first product strategy.

Local reporting from ABC indicates the average Australian holds roughly 2.4 bank accounts, which increases demand for consolidated financial tools. Toss intends to leverage that fragmentation to onboard users who currently juggle multiple services.

How will Toss roll out services in Australia?

Toss has formed an Australian unit and plans to launch core services, including peer-to-peer money transfers, by year-end. Initial features will likely prioritize account aggregation, instant transfers, and a unified wallet interface to reduce friction across bank accounts.

The company’s CEO, Lee Seung-gun, said Toss’s South Korea traction — more than 30 million users since 2015 — demonstrates product-market fit for markets with multiple banking relationships. Toss will test core flows locally before expanding additional features and territories.

How will Toss pursue a Korean won stablecoin?

Toss intends to issue a won-backed stablecoin once regulatory conditions are established in South Korea. The firm is reportedly in active discussions with local regulators about design, custody, and compliance safeguards.

South Korea’s Financial Services Commission (FSC) announced plans to introduce a framework for won-backed stablecoins, and filings from major domestic banks have signaled institutional interest. Toss’s approach emphasizes regulatory alignment and consumer protections prior to distribution.

Frequently Asked Questions

When will Toss roll out P2P transfers in Australia?

Toss aims to launch peer-to-peer transfers and other core features by the end of the current year. The initial rollout will focus on high-frequency flows like instant transfers and account aggregation to demonstrate immediate user value.

What regulatory steps are needed for a won stablecoin?

Issuance requires a clear regulatory framework covering custody, reserve audits, and consumer protections. South Korea’s Financial Services Commission has indicated plans for a won-backed stablecoin framework, which issuers must comply with before distribution.

How does Toss plan to compete with incumbent banks?

Toss leverages product simplicity, aggregated account views, and frictionless transfers. The company’s strategy is to consolidate multiple accounts into a single UX, reducing the need for users to switch between apps and legacy bank portals.

Key Takeaways

• Toss Australia launch: Core services to start by year-end focusing on P2P and aggregation.
• Stablecoin ambition: A Korean won–pegged stablecoin is planned once South Korean regulations permit.
• Regulatory alignment: Toss is engaging with regulators and prioritizing compliance and consumer safeguards.

Conclusion

Toss’s planned Australia expansion and pursuit of a Korean won stablecoin reflect a strategic push to scale internationally while aligning with local regulatory frameworks. Watch for initial Australian product launches targeting account fragmentation and instant payments, and for stablecoin developments tied to South Korea’s regulatory timetable. For updates, follow COINOTAG coverage.

By COINOTAG — Published: 2025-09-09 — Updated: 2025-09-09