PayGate launched Inward Remittance service in Korea with the top 1 international remittance corporation, TransferWise.
The top 1 international remittance corporation, TransferWise, launched inbound remittance service with PayGate ( transfer funds from other countries into Korea). While many internal companies are focusing on outbound remittance service ( transfer internal funds into other countries), PayGate is contrarily devoting to inbound remittance service and leading the way in remittance market. Most of the remittance companies are relying on licensees and appointed banks to proceed the remittance service. Sender -> Local currency -> Exchange (USD or GBP) -> Remit -> Recipient -> Local Currency Exchange (KRW) For example, the sender needs to exchange the local currency for GBP or USD to transfer the money and the recipient has to exchange it into KRW again, which leads to a time-wasted process and high transfer fee. However, the user doesn’t need to worry about the long processing time and high transfer fee if he uses TransferWise to send the money...