Cross-border payments company E9Pay announced that it has partnered with South Korea’s Shinhan Bank for overseas remittance and payment services.

Through this partnership, E9Pay and Shinhan Bank will collaborate to develop a payment system that will allow foreigners residing in Korea to pay merchants from global online marketplaces.

E9Pay said that this will offer a convenient and efficient payment system for foreign workers and businesses, promoting cross-border trade and facilitating transactions between Korea and other countries.

The partnership will also promote joint projects to strengthen fintech-bank synergy, such as providing API-based real-time FX trading service between the two companies. This will offer customers a seamless and efficient way to exchange foreign currencies in real-time.

Jeon Hyuk Goo, CEO of E9pay said,

“We are delighted to enter into this strategic partnership with Shinhan Bank. This partnership will help us expand our reach and offer our customers a more comprehensive range of financial services. We look forward to working closely with Shinhan Bank to promote convergence and new business opportunities.”

An official from Shinhan Bank said,

“Recently, with the expansion of BaaS (Banking as a Service), which experiences bank services through external platforms and changes in customer contact points, partnerships with fintech companies are actively progressing.” Through this, we will provide beneficial services to financial consumers and secure a preemptive position in global cross-border remittance/payment market.”