back Back

E9pay and Shinhan Bank partner to promote overseas remittance

By Leandra Monteiro

March 28, 2023

  • API Banking
  • BaaS
  • Cross Border Payments

E9PayE9Pay, a Korean cross-border FinTech company, has announced a strategic partnership agreement with Shinhan Bank, one of the largest banks in South Korea.

The partnership aims to build cooperation for overseas remittance/payment for financial inclusion, especially foreign workers residing in Korea and SMEs using E9Pay Commercial Payment Platform.

“We are delighted to enter into this strategic partnership with Shinhan Bank,” said Jeon Hyuk Goo, CEO of E9pay Co., Ltd. “This partnership will help us expand our reach and offer our customers a more comprehensive range of financial services. We look forward to working closely with Shinhan Bank to promote convergence and new business opportunities.”

Under the partnership, E9Pay and Shinhan Bank will collaborate to develop a payment system that will allow foreigners residing in Korea and merchants that trade through global online marketplaces. This will offer a convenient and efficient payment system for foreign workers and businesses, promoting cross-border trade and facilitating transactions between Korea and other countries.

An official from Shinhan Bank said, “Recently, with the expansion of BaaS (Banking as a Service), which experiences bank services through external platforms and changes in customer contact points, partnerships with fintech companies are actively progressing.” Through this, we will provide beneficial services to financial consumers and secure a pre-emptive position in global cross-border remittance/payment market.”

The partnership will also promote joint projects to strengthen FinTech-bank synergy, such as providing API-based real-time FX trading service between the two companies. This will offer customers a seamless and efficient way to exchange foreign currencies in real time.

Previous Article

March 28, 2023

Gala Technology reports surge in business with innovative SOTpay solution

Read More
Next Article

March 28, 2023

Pidgin partners with Effectiv to help financial institutions mitigate fraud

Read More

IBSi Daily News Analysis

South East Asia

February 28, 2024

API Banking

FinTech penetration in Southeast Asia will double by 2027, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


Nexi & Woo to expand payment choices for e-commerce merchants

Read More


3 UAE-based money transfer apps facilitating remittances

Read More


audax & Thought Machine team to offer digital banking & BaaS solutions

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023