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The remittance of money from one account to another, especially in a cross border payment scenario can be cumbersome for both a sender and beneficiary. As the existing approach can take up to 2-5 days to create a transaction and complete the movement of funds in multiple currencies, it often creates a rift between the involved parties. Addressing these problems and aiding the Asian diaspora in maintaining good records is WireBarley, a leading cross border remittance platform provider. “We have a deep rooted understanding of the cultural payment practices of Asians that enables us to be Asia’s leading cross border payment solutions provider. We have expertise in serving the Asian cross border market and provide glocalized service to our customers from individuals to conglomerates,” says Jihong Kim, CCO at WireBarley.
By making it possible for instantaneous international payment through its proprietary platform, WireBarley is transitioning from a global remittance service provider to a cross-border payment solutions provider. “We are expanding vertically covering global payments (remittance) for individual, SMEs, conglomerates, financial institutions, and government entities, and horizontally providing a wide range of services including multi currency wallet, eCommerce payment, as well as an upcoming offline travel and overseas card spending powered by WireBarley’s global payment ecosystem,” comments Kim. As digitalization continues at an accelerated pace across the financial and banking sector, WireBarley is working very closely with its clients to help them overcome their accounts payable and receivable technology challenges and deploys a fully online approach for clients to have quick access to its services.
As the financial sector is highly regulated, it is difficult for individuals and non-financial institutions to comply with statutory and regulatory requirements. Customers can leave all cross-border hassles to WireBarley a robust architecture such that customers can seamlessly adopt the leading services and technology
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