PayGate, the maximum amount for personal remittance is enhanced to USD 5,000.

By -

PayGate, the maximum amount for personal remittance is enhanced to USD 5,000.

Enhanced from USD 3,000 to USD 5,000 per transfer giving much convenience to customers.


To create much convenience for the customers, PayGate, a global remittance company, enhanced the maximum amount for personal remittance from USD 3,000 to USD 5,000 per transfer.

PayGate used to process the payments below USD 3,000 with thoroughgoing CDD (KYC) authentication, blacklist check, and PEPS & Sanction check.

With the consolidation of process, PayGate announced on 23rd that the maximum amount for personal remittance was enhanced to USD 5,000 per transfer to create a much convenient and stable remittance system for customers.



"We will make efforts in providing a globally competitive system to let more partners and customer use PayGate's Seyfert remittance network , while in compliance with FIU, Bank of Korea, and Ministry of Economy and Finance (MOEF)," said Dong-san Lee, CTO of PayGate.

Paygate is currently working with a number of global remittance companies such as PayPal and Transferwise, and it establishes a global netting center through its subsidiary, Paygate Hong Kong, and complies with AML (Anti-Money Laundering) and FDS (Financial Detection) system to create a high level of security but with efficiency and valuation.

In addition, Paygate is planning to lead the Asian remittance market with its subsidiaries in Japan, Hong Kong, Singapore, and Nepal.

Based on its Fintech platform "Seyfert," PayGate also applies different business models in various fields such as cross-border payment, remittance, collection, currency exchange and escrow.

< View Articles >

Comments

Post a Comment

Popular posts from this blog

Neoprame, developing new assets trading platforms, with Paygate

By -
Image
 Neoprame, a securities solution company, announced that it will join hands with Paygate to build a platform specializing in asset trading. Neoprame was founded in 1999 and has been researching and developing only securities solutions for 23 years. After being incorporated as a subsidiary of Paygate in 2020, it decided to launch its own service platform along with the existing platform construction project through business reorganization. Based on Paygate's service competitiveness and Neoprame's original technology, a new asset trading platform is being developed, and the service name is tentatively called "Solio," and beta service will be introduced in the second half of this year. An official at a securities firm said, "It is very encouraging and expected that Neoprame will launch its service by internalizing its technology, and it is expected to be worth exploring collaborative models with securities firms." Meanwhile, as of August 2022, CEO Park So-young...
Read more

Paygate, a P2P finance company, marks the 10th anniversary of the Seyfert platform service for 'Fund Flow Management Electronic Wallet'

By -
Image
The 'Seyfert Platform' developed by Paygate, a global payment and P2P financial company, recently celebrated its 10th anniversary. Paygate's Seyfert platform is an electronic wallet-type system that links P2P financial companies with depository institutions, a service that safely escrows investors' rights, a safeguard that manages the flow of funds among investors, borrowers, P2P financial companies and depository institutions. This service blocks the transfer of deposits upon receiving a request to block the Seyfert service of the P2P financial company from related institutions to the P2P financial company, and after the investigation is cleared, it processed the returning process through various stages of verification through authentication via user’s mobile phone through ‘sending official letter, receiving returning applications, organizing received contents, and checking DB, etc’ to return the deposits of good investors except for related parties. At the same time, ...
Read more

Paygate launches an automatic notification service for real estate property status change

By -
Image
Paygate announced on the 13th that it will provide a P2P investment open information service through the 'Open Real Estate' service of its partner legal platform LAWFIN. Paygate is a company that provides Seyfert, a separate storage platform for P2P financial platforms (P2P loans). All P2P financial companies that operate real estate property are eligible to participate in the 'Open Real Estate' service. P2P financial service providers participating in this service can automatically guide and secure the collateral (registered) status of real estate investment products to all investors through LAWFIN's 'Open Real Estate' service. The 'Open Real Estate' service is a service that automatically checks the status of real estate registration and is notified through a notification when the registered change is confirmed. Investors can be informed of the collateral status of investment products by simply applying for 'notification'. Collateral status...
Read more