SEOUL, South Korea, March 27, 2023 /PRNewswire/ — E9Pay, a Korea foremost cross-border fintech corporation, has announced a strategic partnership agreement with Shinhan Financial institution, 1 of the major financial institutions in South Korea. The partnership aims to create cooperation for overseas remittance/payment for money inclusion, in particular overseas staff residing in Korea and SMEs working with E9Spend Industrial Payment System.

Underneath the partnership, E9Pay and Shinhan Bank will collaborate to create a payment program that will allow foreigners residing in Korea and retailers that trade by worldwide on line marketplaces. This will present a practical and effective payment program for foreign staff and organizations, endorsing cross-border trade and facilitating transactions amongst Korea and other international locations.

The partnership will also encourage joint tasks to improve fintech-bank synergy, this kind of as furnishing API-based genuine-time Fx investing support among the two companies. This will give customers a seamless and efficient way to trade foreign currencies in genuine-time.

“We are delighted to enter into this strategic partnership with Shinhan Bank,” said Mr. Jeon Hyuk Goo, CEO of E9pay back Co., Ltd. “This partnership will help us increase our reach and offer our buyers a much more thorough range of money companies. We glimpse ahead to performing intently with Shinhan Financial institution to endorse convergence and new company options.”

An official from Shinhan Bank mentioned, “Not too long ago, with the expansion of BaaS (Banking as a Support), which encounters financial institution providers by way of external platforms and changes in purchaser call points, partnerships with fintech firms are actively progressing.” By way of this, we will provide beneficial solutions to economic buyers and protected a preemptive posture in world cross-border remittance/payment sector.”

About E9 Pay

E9shell out is the initial corporation to purchase the Abroad Remittance Business No. 1 License from Ministry of Economic system and Finance (MOEF) of South Korea, supplying overseas remittance/receipt companies to/from 126 countries as of March 2023.

E9pay offers worldwide partnerships with important players in the industry. As a dependable leader in overseas remittance in Korea, which is expanding promptly, E9fork out attained Revolutionary Economical Support from MOEF, which was delivered fiscal companies differentiated from current financial strategies by making use of new IT systems, E9pay back provides safe serious-time transfers so that beneficiaries can receive dollars securely as a result of progressive Korean Open-Banking services.

For additional information and facts, stop by: https://www.e9pay out.co.kr/

About Shinhan Lender

Shinhan Financial institution is a main industrial bank in South Korea with KRW 471.5 trillion in assets. The organization offers a whole vary of banking services to its 20 million consumers – specific shoppers, SMEs and big corporations- with 1,032 branches which include 156 world-wide branches in twenty international locations the organization also serves its 11.9 million cellular users with its award-successful app ‘SOL.’ The firm’s money group ‘Shinhan Monetary Group’ is a diversified holding business with 17 organizations like Shinhan Card, Shinhan Expenditure and Shinhan Life. The economic group’s inventory is listed on the Korea Trade.

For far more data, pay a visit to: https://financial institution.shinhan.com/en/

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Source E9pay back

By Sia