– 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 nations, together with Korea, the U.S., Canada, and the U.Ok.
– Clients can now get pleasure from an enhanced remittance expertise by receiving funds by Weixin, the mainland Chinese language model of WeChat.
– By means of the top of February, WireBarley will supply a US$20 coupon (or its equal in native foreign money) for every new buyer who completes a remittance to a Weixin consumer in China.
SEOUL, South Korea, Feb. 15, 2022 /PRNewswire/ — WireBarley in the present day introduced its partnership with Tencent Monetary Know-how 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 Know-how for inbound remittance service into China by Weixin. The partnership between the 2 tech firms is predicted to additional improve the general consumer comfort. When a WireBarley consumer sends cash to China, a recipient can now simply obtain the cash by Weixin, which has regularly developed from a social communication app to being a lifestyle in China.
Weixin can be added as an choice and accessible between corridors from WireBarley’s 11 sending nations, together with Korea, the U.S., and Canada, to China.
“We’re happy to announce this partnership with WireBarley to additional broaden Tencent Monetary Know-how’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,” mentioned Wenhui Yang, Basic Supervisor, Tencent Monetary Know-how Asia Pacific.
“Our partnership with Tencent Monetary Know-how allows us to supply extra handy remittance service and supply strategies for purchasers sending funds to China. Along with our 50 accomplice firms, we plan to construct a fintech ecosystem with out borders. We goal to supply a handy and secure cross-border remittance expertise to our worldwide prospects,” mentioned Joongwon John Yoo, CEO of WireBarley.
All new prospects remitting funds to Weixin customers in China will obtain a US$20 WireBarley coupon (or its equal in native foreign money) when the transaction is efficiently accomplished by the top of February. The promotion is relevant for all remittances made to China from WireBarley’s 11 sending nations – Korea, Australia, the U.S., New Zealand, Canada, the U.Ok., France, Germany, Italy, Netherlands, Irelands, and extra.
Established in 2016, WireBarley grew exponentially with a powerful 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 growth 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 likely one of the largest FX buying and selling hubs on the earth, 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 nations, WireBarley at present presents over 520 corridors for private remittance. The corporate just lately expanded into offering B2B remittance and e-wallet companies, because it seeks to be not solely Asia’s main remittance firm however to leap ahead to turn into a worldwide complete cost platform.