PayGate

 Invest Hong Kong Fintech Round Table Breakfast Meeting Hello! This is PayGate We are in the 2 nd  half of July and the heat wave has began. Are you taking good care of your health? Despite of scorching heat, PayGate and Invest Hong Kong co-hosted ‘Fintech Round Table Breakfast Meeting.” 텍스트 추가 대표 사진 삭제 사진 설명을 입력하세요. 텍스트 추가 Although the meeting started early in the morning, we had huge number of participants who made our event great! 텍스트 추가 대표 사진 삭제 사진 설명을 입력하세요. 텍스트 추가 The ‘Breakfast Round Table Meeting’ began welcoming ‘Fintech Hong Kong’ representatives followed by one-on-one meet up session of participating companies. First, World Fintech Association  president Park So Yeoung  inaugurated the session presenting a welcome speech and talked about the Fintech environment and collaboration with Hong Kong.  President Park shared her experiences on overseas business expansion. 텍스트 추가

Paygate achieved 40 billion KRW remittance volume per month with “Netting.” PayGate (CEO, Ms. Soyeong Park), launching remittance service successfully with its USD netting strategy, has achieved 40 billion KRW in monthly remittances. Netting provides foreign currency remittance service under the concept of offsetting the money to be sent and received, which makes the remittance fast and cheap as it minimizes the expenses through legal transfer instead of illegal currency exchanges. Based on the policy of Anti-Money Laundry (AML) that proposed by FATF (Financial Action Task Force), the remittance business with competitive FDS (Fraud Detection System) function is rapidly increasing. Since the end of 2018 until this June, PayGate has owned about 40 billion KRW transaction volume per month after launching P2P inbound remittance service. As the fund received from other countries is growing steadily, the monthly volume is expected to achieve 100 billion KRW by the end of the year.