MOIN integrates with Wise Platform to bring faster and cost-effective international payment services to its customers

South Korea, 26 March: MOIN, Inc., a cross-border payment company based in South Korea, has integrated  with Wise Platform, Wise’s infrastructure solution for banks and enterprises. This enables MOIN to offer cheaper, faster and more convenient international money transfer experience for both individual and business customers, directly from the MOIN website or app.

MOIN was founded in 2016 with a mission to make global money transfers hassle-free, fast, and affordable. By integrating with Wise Platform’s easy-to-use APIs, Moin has made this even more accessible for Koreans looking to send money across borders. 

ILSEOK SUH, CEO of MOIN, said: "The partnership with Wise Platform is another step forward in our continuous commitment to enhance the experience of cross-border payments, bringing transparent and low fees to our customers everywhere and anywhere. At MOIN, we recognise the prevalent challenges of high fees, slow speeds and low transparency in remittances. By integrating with Wise Platform, we are able to address these pain points and provide customers with a hassle-free experience, without worrying about exchange rate mark-ups, hidden fees or slow transfers. Together, we are able to bring unparalleled convenience and service to customers who are looking to send money from Korea to their family and friends across the world.” 

Samarth Bansal, General Manager, Asia Pacific, Wise Platform, said: “We’re thrilled to welcome MOIN to our partner network, extending the benefits of faster and more affordable international transfers to even more people in Korea. South Korea is a key outward remittance market in APAC but continues to face challenges of high cost, slow speed transfers owing to the traditional correspondent based money movement infrastructure. At Wise, our mission of  fast, instant, cheap and transparent money movement is deeply embedded in the Wise infrastructure. Having MOIN integrating Wise Platform furthers our footprint with South Korean banks and enterprises.”  

About MOIN, Inc.,

A cross-border payment company based in South Korea. Since its establishment in 2016, MOIN has been addressing the inefficiencies of cross-border payments by developing a proprietary payment network that replaces the conventional payment network.

MOIN launched its individual cross-border remittance service targeting students studying abroad, and has been expanding its outreach to encompass businesses and e-commerce platforms.

MOIN is located in six regions: South Korea, Singapore, Japan, HongKong, the USA, and Lithuania. MOIN’s technology and business solutions were awarded by 2019 The World’s Top Fintech Companies by KPMG Top 100. 2023 The only Korean remittance company to be included in the World Bank price index. 2023 K-Fintech 30, chosen as the top 10 representing fintechs in Korea by the FSC.

About Wise Platform
Wise is a global technology company, building the best way to move and manage the world’s money. Over the last decade, Wise has built an entirely new network for the world’s money. 

Thanks to Wise Platform, large companies and banks can leverage Wise’s technology and embed the best way to send, receive, and manage money internationally into their existing infrastructure. Wise Platform saves banks and businesses time and money by allowing them to seamlessly bring fast, cheap, transparent and convenient cross-border payments to their customers.

About Wise

Wise is a global technology company, building the best way to move and manage the world’s money.

With Wise Account and Wise Business, people and businesses can hold over 40 currencies, move money between countries and spend money abroad. Large companies and banks use Wise technology too; an entirely new network for the world’s money. Co-founded by Kristo Käärmann and Taavet Hinrikus, Wise launched in 2011 under its original name TransferWise. It is one of the world’s fastest growing, profitable tech companies and is listed on the London Stock Exchange under the ticker, WISE.

10 million people and businesses use Wise. In fiscal year 2023, Wise processed approximately £105 billion in cross-border transactions, saving customers around £1.5 billion.

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