Rethinking Cross-Border Payments

Imagine a migrant worker anywhere in the world, wanting to remit money to their family back home, or parents sending tuition money cross-border to their children. For these small to medium value transfers, the cost is unbearably high. Due to proprietary back-end systems, and complex regulatory compliance, the existing cross-border transfer services are an appalling nuisance: expensive, slow, opaque with poor user experience.

Building a global network

In an ideal scenario, having one middleman in the transaction flow structure, acting as an instrument of cross-border payments, with high efficiency at a low cost, would solve most of today’s money-transfer bottlenecks. However, for this to be remotely possible, it would require:

  • Vast amount of capital support for the middleman to scale
  • Thorough Know Your Customer (KYC) checks
  • Compliance with regulatory requirements across different jurisdictions

In return, the end-user always has to bear the cost, either through transaction fees or time. The biggest pain point of the existing cross-border financial system is the lack of efficient ways to conduct small amounts of money transfers or micropayments, without a significant percentage of cost. Should any country be unable to service value transactions of $200 or lower, their economy will likely come to a halt.

When rethinking how to remove frictions among cross-border payment stakeholders, OKLink has come up with an answer. Our solution entails breaking the one single intermediary into the following components:

  • Licensed Sender – company that offers money-transfer service for senders
  • Settlement Network – a global seamless settlement platform based on blockchain technology
  • Payout – company that processes the money to recipients via bank account, cash pick-up or mobile wallet

The polar ends are SMEs including banks, fintech, traditional, and innovative remittance companies. These financial service providers can leverage either their marketing skills to find new customers, or their existing banking/cash pickup networks locally. Once connected to the OKLink network, they can achieve a global reach and gain access to a high volume of transactions.

Network nodes

Our money transfer network enables small and medium financial service providers to compete with traditional financial institutions that utilize legacy networks, or local traditional clearing networks to transfer funds. Our network nodes are empowered by continuing to focus on their local markets, while our network helps bring additional business with only nominal API-based integrations.

Licensed Sender nodes are provided with a wide array of payout countries and options with transparent pricing. Both pre-funding, and counter party risk issues are undertaken by the network. Payout nodes receive high-volume of transaction orders from all over the world. We are responsible for your business expansion, so you could can focus solely on optimizing your service to the end-users.

Underlying technology

OKLink is built on top of an open blockchain protocol, allowing network nodes to engage in a secure, trustless, and cost-effective transactions. Features like instant settlement, and real-time transactions between our network nodes are made possible by our implementation of blockchain technology and matching algorithms. We removed global complexity, and enabled nodes to focus solely on their users and local markets. This reduces barriers to entry for our network, as it remains open to all participants.

Jovan is currently responsible for strategic initiatives, partnerships, and business development at OKLink, a global blockchain settlement network helping forward-thinking businesses make cross-border money transfers. We are growing rapidly with a settlement network being connected globally with over 150 licensed nodes from more than 40 countries. To become a partner in our network, contact us at

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