SentBe has partnered with Visa and has implemented Visa Direct’s card transfer service, which allows for real-time overseas payment through Visa’s global payment network. SentBe is the first in the Korean fintech industry to implement a Visa Direct card transfer service.
SentBe offers its customers the option of using a Visa card for receiving money, providing a simple, secure, and real-time transfer experience at a cost 90% cheaper than traditional banks, thereby maximising convenience.
Go deeper with GlobalData
Through the partnership with Visa, the newly introduced Visa Direct’s card transfer service allows money to be transferred to a recipient’s account linked to their Visa card, whether it’s a credit, debit, or prepaid card, within 30 minutes, by simply entering the recipient’s name and their 16-digit Visa card number.
The service is available 365 days a year, supporting real-time, convenient overseas transfers in 40 countries and 26 currencies, including Singapore, China, India, Thailand, Philippines, Spain, France, Germany, United Kingdom and Australia. SentBe plans to expand the number of recipient countries accessible via Visa card to around 200.
SentBe’s cross-border money transfer service for individuals also includes direct cash delivery to recipients, with options optimised for each country
CEO Alex Seong-Ouk Choi commented: “The implementation of Visa Direct’s card transfer service is part of SentBe’s ongoing efforts to remove all inefficiencies in cross-border foreign exchange transactions, supporting easy and quick international transfers for more people. We will continue to strive for the best transfer services for our customers through continuous service innovation and strengthening global partnerships.”
Patrick Storey, Country Manager of Visa Korea, said: “We are very pleased to introduce Visa Direct’s card transfer service which connects the entire world, at SentBe, a promising Korean fintech company. With Visa’s innovative global payment solutions and SentBe’s digital remittance capabilities, we will strive towards continuously providing quick, safe, and convenient real-time global transfer services.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
