SEOUL, June 20 (Korea Bizwire) — The share of non-contact channels such as the Internet and mobile devices in South Korea’s money transfer market shot up to a whopping 94 percent on the back of the emergence of fintech companies and the expansion of simple payment services. According to the data compiled by the Korea [...]
SEOUL, Jul. 12 (Korea Bizwire) — Financial authorities will give permits to fintech firms to provide international money transfer services for small funds, officials said Wednesday, in a move that significantly reduces commission fees on moving money. About 40 fintech firms are expected to launch international money transfer services from Aug. 15, according to officials [...]
Seoul, South Korea, Feb. 18 (Korea Bizwire) — MoneyGram (NASDAQ:MGI), a leading global money transfer company, has renewed its agreement with Kyongnam Bank, a leading bank in South Korea, to continue to provide money transfer services at the bank’s one hundred and fifty (150) locations throughout South Korea. Kyongnam Bank has been a MoneyGram agent [...]