Ripple continues to expand its portfolio of borderless payments partners with the addition of three South Korean companies.
Ripple says the first partner is Sentbe, an online remittance startup focused on delivering fast, easy and convenient money transfer services for its clients.
Sentbe says that recipients can claim funds within one day, largely due to its partnership with Ripple. The fintech startup is mostly focused on markets in the Philippines, Indonesia, Japan and Vietnam.
Ripple has also partnered with Hanpass, a Seoul-based remittance service that allows customers to send money using their smartphones. The fintech startup promises a 24-hour processing time and competitive fees. Hanpass focuses on the Southeast Asian corridor including the Philippines, Indonesia, Vietnam and Thailand.
Ripple is also teaming up with WireBarley, a remittance company that focuses on the Asia-Pacific corridor. The fintech startup claims that recipients can receive the funds within hours while saving up to 80% in money transfer fees.
Ripple now has more than 300 partners using its payments technology worldwide. The company says it’s focused on building the technological infrastructure and network connections necessary to “provide remitters in Korea and around the world with a faster, easier and more reliable way of sending money home.”