Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Contentious grain bill put directly to plenary meeting for vote

    Contentious grain bill put directly to plenary meeting for vote
  2. 2

    Yoon's approval rating plunges to all-time low

    Yoon's approval rating plunges to all-time low
  3. 3

    Will tug-of-war between doctors, government end soon?

    Will tug-of-war between doctors, government end soon?
  4. 4

    Climate impacts set to cut 2050 global GDP by nearly a fifth

    Climate impacts set to cut 2050 global GDP by nearly a fifth
  5. 5

    Trilateral talks acknowledge ‘serious’ slumps of won, yen

    Trilateral talks acknowledge ‘serious’ slumps of won, yen
  1. 6

    [Graphic News] More Koreans say they plan long-distance trips this year

    [Graphic News] More Koreans say they plan long-distance trips this year
  2. 7

    [KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs

    [KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
  3. 8

    North Korea removes streetlights along cross-border roads with South

    North Korea removes streetlights along cross-border roads with South
  4. 9

    Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official

    Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
  5. 10

    Farming households dip below 1m for first time in 2023

    Farming households dip below 1m for first time in 2023
지나쌤

Remittance startup Sentbe steps up operation in Vietnam

By Son Ji-hyoung

Published : Aug. 7, 2018 - 11:16

    • Link copied

South Korean remittance startup Sentbe said Tuesday it has signed a memorandum of understanding with Vietcombank Remittance.

The move will allow recipients to pick up wired money in an hour on average from some 2,500 automated teller machines or some 500 branches that belong to Vietcombank, as well as some 500 nonbank cash pickup centers, with up to 95 percent lower commission fees, the startup said.

Sentbe CSO Lee Jae-young (left) and VCBR CEO Trinh Hoai Nam (Sentbe) Sentbe CSO Lee Jae-young (left) and VCBR CEO Trinh Hoai Nam (Sentbe)
This is a step up from the Korean startup’s existing partnership with Vietnam. Vitecombank Remittance is a subsidiary of Vietnam’s largest commercial bank by branch network, Vietcombank.

Sentbe operates its cross-border wiring service mainly with 12 Asian countries: the Philippines, Vietnam, Indonesia, China, Japan, India, Malaysia, Sri Lanka, Thailand, Bangladesh, Pakistan and Nepal.

By Son Ji-hyoung 
(consnow@heraldcorp.com)

More from Headlines