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Showing posts from April, 2019

PayGate launched Inward Remittance service in Korea with the top 1 international remittance corporation, TransferWise.

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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 thr

Fintech Seminar Review : Brussels your gateway to Europe

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Dear everyone!  This is PayGate's greeting. Fintech Seminar :  Brussels your gateway to Europe The seminar was held from 10 am in Hyatt Hotel on March 28th for two hours  with the Belgian Economic Delegation.   The presentation started along with the greeting  from Ms. Soyeong Park (CEO of PayGate),  the Chairman of World Fintech  Association Brussels, your Gateway to Europe By Isabelle Grippa, CEO of Hub.Brussels Fintech in Belgium By Jean-Louis Van Houwe, Chairman of Fintech Belgium Doing business in Europe from Belgium: a tax perspective By Marc De Mil, International Tax Expert, FPS Finance Legal Fintech Framework in Belgium By Caathrine Houssa, Partner, Simont Braun Belgian cases By Raf Wouters, Transformation Director, BNP Paribas Fortis and many Fintech companies and members enjoyed the good time there At the end of the seminar, all the participants including Belgian Economic Mission took a photo a