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Xrpiet

Ripple Helps Sentbe Increase Financial Inclusion for Migrants in Korea with More Efficient Remittances

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Posted (edited)

https://ripple.com/insights/ripple-helps-sentbe-increase-financial-inclusion-for-migrants-in-korea-with-more-efficient-remittances/

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Sentbe currently provides transfers from customers based in Korea to 25 corridors across the region and is continuing to extend its reach. The company has just connected to its latest RippleNet partner, DeeMoney, Thailand’s first non-bank licensed money remitter. As the country’s first mobile service provider with automated top up processes like direct debit, bill payments and QR codes, Sentbe can now help the families of Thai migrants in Korea receive remittances and pay bills easily and efficiently.

 

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Sentbe initially explored XRP but the terms of its 2017 license from Korea’s regulatory authority did not allow the use of digital assets for settlements. However, the company quickly recognized that Ripple’s technology and network would provide the required cost-effectiveness, speed and convenience.

No XRP (yet?), but good news nonetheless.

Edited by Xrpiet

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