Currencycloud, the experts simplifying business in a multi-currency world, has partnered with leading South Korea-based global remittance and payment provider SentBe to improve the regional reach of its payments service and offer its Korean consumers and businesses a more streamlined, customized experience when sending money internationally.
The partnership allows SentBe to offer low cost FX to its clients, enabling it to scale faster as it looks to expand into the global foreign exchange market. By integrating Currencycloud’s APIs into its existing FX management technology, SentBe can now offer a fully automated payments process to its Singapore and South Korea-based customers, providing them with faster, streamlined transactions to the UK, EU, Canada and the US.
Alex Seongouk Choi, CEO SentBe says: “By partnering with Currencycloud, SentBe can offer a wider range of solutions and choices to our customers, including competitive FX rates. We can give them the services they need to expand internationally. Additionally, Currencycloud’s easy-to-use platform has made our client service speed quicker and simplified the entire transaction process, shortening the time it takes for our clients to receive their money. This has attracted more clients and made SentBe more competitive.”
Nick Cheetham, Chief Revenue Officer at Cur rencycloud commented, “Like Currencycloud, SentBe is focused on making frictionless borderless finance a reality for its customers, opening up low-cost, seamless payments and transactions for everyone. We are looking forward to the continuation of the partnership as SentBe continues its goal of expansion into the US, Canada, Australia and Europe.”
The SentBe payment app is available to download from the App Store & Google Play now.
Notes to editors
Contact:
Currencycloud: matt.rowntree@currencycloud.com
Currencycloud website: www.currencycloud.com
SentBe: Amanda Jung, PR Team Leader, SentBe amanda.jung@sentbe.com
SentBe website: www.sentbe.com
About SentBe
Founded in 2015 with an aim to build “Borderless finance for more”, SentBe is Korea’s leading cross-border payment service provider. Its products currently serve both retail and corporate clients globally
With lower fees, faster transfers, and simpler processes, SentBe is a national market leader in South Korea of international money transfers to 50 countries, which has helped the company to grow rapidly, also achieving growth in Singapore and Indonesia.
SentBe will expand its business to the USA, Canada, Europe, Japan and Australia to secure a foothold in the industry and to become a leader in these markets and many other ones globally.
SentBe has various FX services as a leader in the fintech industry of C2C with SentBe (an international money transfer and payment service for individuals) as well as B2B with SentBiz (an international money transfer and payment service for businesses) and SENDA (a global e-commerce settlement API service).
About Currencycloud
Banks, Fintechs and businesses everywhere can make bigger, better, bolder leaps with Currencycloud, a Visa solution.
Currencycloud gives businesses the capability to move money across borders, and transact globally in multiple currencies, fast. Experts at what they do, their technology makes it easy for clients to embrace digital wallets, and to embed finance into the core of their business – no matter what industry they’re in.
Since 2012, Currencycloud has processed more than $100bn to over 180 countries, working with banks, financial institutions and Fintechs around the world, including Starling Bank, Revolut and Lunar. Based in London with offices in New York, Amsterdam, Cardiff, and Singapore, Currencycloud works with partners including Visa, Dwolla, GPS and Mambu to deliver simple, clear cross-border infrastructure solutions for clients. They are regulated in the UK, Canada, US, the EU and Australia, and were acquired by Visa in December 2021
