Korea’s SentBe goes live with Visa Direct’s card transfer service

By Gloria Mathias

SentBe, a global FX total solutions provider in Korea, has partnered with Visa and implemented Visa Direct’s card transfer service. This service allows for real-time overseas payment through Visa’s global payment network.

SentBe is one of 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.

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 and supports real-time, convenient overseas transfers in 40 countries and 26 currencies, including Singapore, China, India, Thailand, the Philippines, Spain, France, Germany, the 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 offers bank transfers, cash pickups, and mobile wallets and includes direct cash delivery to recipients, with options optimised for each country. By offering globally used Visa cards as a new receiving option, SentBe is providing a more innovative and user-friendly transfer experience to its customers.

CEO Alex Seong-Ouk Choi shared, “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 to continuously provide quick, safe, and convenient real-time global transfer services.”