SentBe's corporate remittance and payment service, 'SentBiz,' has secured 300 corporate clients. It aims to accelerate the expansion of business-to-business (B2B) transactions by participating in the 2023 Korea Import Expo next month.
SentBiz is a corporate overseas remittance and payment service launched by SentBe in September 2020. It supports individual sellers and corporate foreign exchange transactions with fees up to about 70% lower than banks and remittances within a maximum of one day. The countries where remittances are possible using SentBiz currently include over 50 countries, including the Anglo-American region, Europe, Asia, and Central and South America.
SentBe aims to increase the share of B2B service sales to half of the total by focusing on SentBiz until next year. To expand the SentBiz service, it established a dedicated sales team last year and increased staffing in areas such as marketing, sales, and business planning. A dedicated customer service (CS) team was also formed to provide services tailored to corporate customers. As a result, the remittance volume using SentBiz in the first quarter of this year increased by 52% compared to the same period last year.
Starting from the 29th of next month at COEX, SentBe will participate in the '2023 Korea Import Expo' to secure SentBiz corporate clients. It will provide tailored information for import companies, such as issues related to overseas trade payment and precautions when remitting, which are frequently faced by companies during overseas remittance. It aims to attract corporate customers by offering benefits during on-site sign-up consultations and consulting on overseas remittance-related issues.
With the expansion of the SentBiz service, SentBe solidifies its position as a provider of global overseas remittance and payment infrastructure. It expands the existing SentBe region for personal overseas remittances and activates SentBiz as a service provider for corporate customers. Furthermore, it aims to evolve into a cross-border payment and remittance solution company that provides specialized foreign exchange infrastructure.
Published in ETNEWS on May 30, 2023
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