WireBarley, a fintech specializing in mobile and online remittance, has partnered with leading global payments platform Currencycloud, to assist in launching and expanding its services into the US market.
WireBarley currently provides mobile and online based cross-border remittance services in the Asia-Pacific region. Headquartered in Seoul, it launched in Australia in 2012 and has quickly expanded into other countries including New Zealand, Hong Kong, and now the USA.
Currencycloud’s technology is the power behind countless businesses, driving the transformation of the global payments landscape by removing the friction and inefficiencies of traditional cross-border payments through its flexible APIs.
WireBarley chose to partner with Currencycloud because of its expert knowledge of international payments and access to the US market. Currencycloud is regulated across most of the US, and via its APIs, which will be plugged directly into WireBarley’s current business app, customers will be able to utilize and trade in USD and more than 35 other currencies, covering most of the countries in Asia-Pacific, North America, and Europe. WireBarley’s expansion into the US with Currencycloud will therefore be seamless.
Richard Arundel, Co-founder and General Manager, US at Currencycloud, comments: “WireBarley has ambitious plans to grow their business in the US. Their choice to work with Currencycloud is further ratification for us as a trusted partner within the P2P landscape, and reflects our own ambition to power businesses globally, large or small, and to grow and expand into new locations and markets.”
John JW Yoo, CEO at WireBarley said: “Currencycloud has the reputation and market know-how that we need to succeed in the US. Its cross-border payments technology is simple and reliable, and its flexible APIs, by their nature, can be seamlessly added into our existing platform. It means we can open up a huge new potential market, with as little disruption as possible, while it helps us to improve the service we offer to our customers, by giving them the ability to hold multiple accounts in different locations. Aiming for the leadership in Asia-Pacific and beyond, WireBarley will continue to solidify its presence in global remittance business in company with Currencycloud.”
Matt Rowntree (EMEA) / Elena Hassan (North America): [email protected]
Currencycloud’s technology is unlocking the global economy for payment platforms of the future. It’s B2B cross border payments infrastructure enables businesses to deliver an awesome experience to their customers, though one simple and flexible API connection. Launched in 2012, Currencycloud is based in London and is regulated in Europe, the U.S. and Canada, and has processed more than $50bn to over 180 countries. Currencycloud works with banks and fintechs globally including Starling Bank, Standard Bank South Africa, Travelex and Brookline Bank.
Since founded in 2012, WireBarley has been committed to helping people better connect with families and friends in different countries by providing easy, fast, and less-costly way of money transfer. Headquartered in Seoul, it works in 5 countries across Asia, Oceania, and North America.