– Korea’s first remittance service to attach with Weixin
– Partnership allows quick and handy cash transfers to Weixin customers in China from WireBarley’s 11 sending international locations, together with Korea, the U.S., Canada, and the U.Okay.
– Prospects can now take pleasure in an enhanced remittance expertise by receiving funds by Weixin, the mainland Chinese language model of WeChat.
– By means of the tip of February, WireBarley will provide a US$20 coupon (or its equal in native forex) for every new buyer who completes a remittance to a Weixin person in China.
SEOUL, South Korea, Feb. 14, 2022 /PRNewswire/ — WireBarley at present introduced its partnership with Tencent Monetary Expertise for abroad remittance service, particularly for worldwide cash transfers to China by Weixin, the mainland Chinese language model of WeChat.
WireBarley is the primary Korean fintech firm to accomplice with Tencent Monetary Expertise for inbound remittance service into China by Weixin. The partnership between the 2 tech corporations is anticipated to additional improve the general person comfort. When a WireBarley person sends cash to China, a recipient can now simply obtain the cash by Weixin, which has steadily developed from a social communication app to being a lifestyle in China.
Weixin will likely be added as an possibility and accessible between corridors from WireBarley’s 11 sending international locations, together with Korea, the U.S., and Canada, to China.
“We’re happy to announce this partnership with WireBarley to additional broaden Tencent Monetary Expertise’s world attain. The collaboration marks one other vital step in direction of enabling Chinese language residing worldwide to ship cash extra conveniently to Weixin customers in China,” stated Wenhui Yang, Common Supervisor, Tencent Monetary Expertise Asia Pacific.
“Our partnership with Tencent Monetary Expertise allows us to supply extra handy remittance service and supply strategies for patrons sending funds to China. Along with our 50 accomplice corporations, we plan to construct a fintech ecosystem with out borders. We intention to offer a handy and secure cross-border remittance expertise to our worldwide clients,” stated Joongwon John Yoo, CEO of WireBarley.
All new clients remitting funds to Weixin customers in China will obtain a US$20 WireBarley coupon (or its equal in native forex) when the transaction is efficiently accomplished by the tip of February. The promotion is relevant for all remittances made to China from WireBarley’s 11 sending international locations – Korea, Australia, the U.S., New Zealand, Canada, the U.Okay., France, Germany, Italy, Netherlands, Irelands, and extra.
Established in 2016, WireBarley grew exponentially with a robust foothold within the Asia Pacific, together with Australia, South Korea, New Zealand, and Singapore. Lately, the fintech has additional strengthened its presence as a worldwide model with its enlargement into the U.S. and Canada markets, for the primary time as a Korean abroad remittance firm. Headquartered in South Korea, it has a number of subsidiaries worldwide in Australia, New Zealand, Singapore, Hong Kong, and the U.S. WireBarley’s FX and company treasury middle in Hong Kong, which is without doubt one of the largest FX buying and selling hubs on the planet, performs a key function in enabling efficient FX administration and robust compliance practicality and formulating strategic partnerships with key banks and cost gamers within the Asia Pacific. With 12 outbound and 44 inbound international locations, WireBarley at the moment gives over 520 corridors for private remittance. The corporate not too long ago expanded into offering B2B remittance and e-wallet providers, because it seeks to be not solely Asia’s main remittance firm however to leap ahead to turn out to be a worldwide complete cost platform.
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