WireBarley partners with Tencent Financial Technology for global remittances
– Korea’s first remittance service to connect with Weixin
– Partnership enables fast and convenient money transfers to Weixin users in China from WireBarley’s 11 sending countries, including Korea, US, Canada and UK
– Customers can now enjoy an enhanced money transfer experience by receiving funds through Weixin, the mainland Chinese version of WeChat.
– Until the end of February, WireBarley will offer a $20 coupon (or its equivalent in local currency) for each new customer who makes a payment to a Weixin user in China.
Seoul, South Korea, February 14, 2022 /PRNewswire/ — WireBarley today announced its partnership with Tencent Financial technology for overseas funds transfer service, especially for international money transfers to China via Weixin, the mainland Chinese version of WeChat.
WireBarley is the first Korean fintech company to partner with Tencent Financial technology for inbound money transfer service China by Weixin. The partnership between the two technology companies is expected to further enhance the overall user convenience. When a WireBarley user sends money to Chinaa beneficiary can now easily receive the money via Weixin, which has gradually changed from a social communication app to a way of life in China.
Weixin will be added as an option and available between the corridors of WireBarley’s 11 sending countries, including Korea, the United States and Canadain China.
“We are delighted to announce this partnership with WireBarley to further develop Tencent Fintech global reach. This collaboration marks another important step in making it easier for Chinese people residing around the world to send money to Weixin users by China,” noted Wenhui YangGeneral manager, Tencent Asia Pacific Fintech.
“Our partnership with Tencent Financial technology allows us to offer a more convenient money transfer service and delivery methods for customers who send funds to China. With our 50 partner companies, we plan to build a borderless fintech ecosystem. Our goal is to provide a convenient and secure cross-border money transfer experience to our customers around the world,” said Joongwon John Yoo, CEO of WireBarley.
All new customers disbursing funds to Weixin users in China will receive a $20 WireBarley coupon (or its equivalent in local currency) when the transaction is successfully concluded until the end of February. The promotion applies to all payments made to China of WireBarley’s 11 sending countries – Korea, AustraliaUnited States, New Zealand, CanadaGreat Britain, France, Germany, Italy, NetherlandsIreland, etc
Established in 2016, WireBarley has grown exponentially with a strong presence in the Asia Pacificincluding Australia, South Korea, New Zealandand Singapore. Recently, the fintech has further strengthened its presence as a global brand with its expansion into the United States and Canada markets, for the first time as a Korean overseas money transfer company. Based at South Koreait has several subsidiaries around the world Australia, New Zealand, Singapore, hong kongand WireBarley’s U.S. Treasury and Foreign Exchange Center in hong kongwhich is one of the largest FX trading centers in the world, plays a key role in enabling efficient currency management and strong compliance practices and in formulating strategic partnerships with banks and key payment players in the Asia Pacific. With 12 outbound countries and 44 inbound countries, WireBarley currently offers over 520 corridors for personal remittances. The company has recently expanded into providing B2B money transfer and e-wallet services as it seeks to be not only from Asia leader in remittances, but to leapfrog to become a global total payment platform.
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