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South Korean digital remittance company teams up with TransferTo

Sentbe, a digital money transfer operator in South Korea, has partnered up with TransferTo to offer Sentbe customers with greater flexibility and reach to perform real-time money transfers from South Korea to over 60 countries across TransferTo's global remittance network.

"TransferTo's global network has enabled us to connect our customers with their loved ones faster and better throughout the world – helping us to get one step closer to our mission to deliver innovative inspiration throughout the world," Alex Choi, CEO of Sentbe, said in a press release. "We need to ensure our customers remain our number one priority and are always looking at more efficient and simple ways to scale and improve our service and offering — and with this partnership, we've managed to do exactly this."

The companies mentioned in the release a recent easing in regulations by the South Korean government now allows non-banks, such as fintech companies and money transfer operators, to offer international money transfer services. That has enabled Sentbe to expand its operations through a partnership with TransferTo.