SentBe, a global FX total solutions provider in Korea, has partnered with Visa and implemented Visa Direct card transfer services, which allows real-time overseas payment through Visa’s global payment network.
SentBe implements Visa Direct
SentBe is the first in the Korean fintech industry to implement 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.
Through the partnership with Visa, the newly introduced Visa Direct 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, UK, 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 not only offers bank transfers, cash pick-ups, and mobile wallets, but also includes direct cash delivery to recipients, with options optimised for each country.
In April, SentBe achieved the highest level of payment card industry data security standard, PCI-DSS v4.0 Level 1, demonstrating its capability to securely manage and protect customer credit card information and payment data.
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.”
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