Digital financial corporations GalaxiaMoneytree(094480) said on the 25th that it partnered with SentBe, a Fintech company specializing in overseas remittances and payments, and posted a "convenience store top-up" service based on real-time prepaid payment technology.
GalaxiaMoneytree expanded the overseas remittance payment market of its convenience store payment infrastructure (infrastructure) built on a nationwide convenience store network and real-time prepaid payment technology. The company is working with multiple small-amount overseas remittance operators and is broadening the application scope of the payment infrastructure that links convenience stores and overseas remittance platforms.
SentBe users can top up their Wallet with cash 24 hours a day at convenience stores nationwide without visiting a bank. The main targets are office workers who find it difficult to use bank business hours, as well as foreign workers and international students who face restrictions in using domestic financial services.
If users select convenience store top-up as the Wallet payment method in the Application (app), a payment number is issued. When the user presents the barcode at a nearby convenience store and pays in cash, the Wallet is topped up in real time.
GalaxiaMoneytree introduced a convenience store overseas remittance service through the Gmoneytrans app in 2020. Since then, it has partnered with overseas remittance operators such as Global Money Express, Hanpass(408470), Pinshot, Cross E&F, and UFintechHub. With this partnership with SentBe, the number of small-amount overseas remittance firms that can use GalaxiaMoneytree's convenience store top-up service has increased to seven.