Currencycloud, which claims to be the experts in simplifying business in a multi-currency world, has partnered with South Korea-based cross-border payment company MOIN in order to expand its global coverage “while delivering faster processing times, lower transaction costs, and enhanced security measures to its customers every time they make cross-border payments.”
MOIN’s goal is to empower its individual and business customers “by reducing unnecessary remittance-associated costs.” The collaboration with Currencycloud will “help MOIN achieve this by enabling them to respond to fluctuations in the FX market 24/7.”
Thanks to Currencycloud’s competitive FX rates, MOIN will be “able to save FX costs and pass the savings to customers.” Furthermore, MOIN can now “process more than 33 currencies through Currencycloud instead of a range of providers, allowing a faster, more cost-effective remittance service.”
Says Ilseok Suh, CEO of MOIN:
“Our strategic approach is to enhance our services to improve customer satisfaction and be an innovative provider of cross-border payments and foreign exchange. Collaboration with Currencycloud not only provides a fast remittance at a low cost but also offers MOIN significant peace of mind concerning global regulatory compliance and anti-money laundering measures as we expand and enhance our services. By aligning with such stringent criteria, we can ensure the safety of our global customers’ remittances and uphold our commitment to secure transactions.”
Rohit Narang, Managing Director of APAC, at Currencycloud, commented:
“MOIN is continuously investing in innovation and strengthening its payment network to deliver superior quality services to its customers. We are delighted to be part of their solution as they continue on their path of global expansion.”
A cross-border payment company based in South Korea. Since its establishment in 2016, MOIN has been “addressing the inefficiencies of cross-border payments by developing a proprietary payment network that replaces the conventional payment network.”
MOIN launched its individual cross-border remittance service “targeting students studying abroad, and has been expanding its outreach to encompass businesses and e-commerce platforms.”
MOIN is located “in six regions: South Korea, Singapore, Japan, HongKong, the USA, and Lithuania.” They are currently “in the process of acquiring the Remittance License.”