Japan: OKLink launches same-day delivery to Japanese banks

OKLink is now coming out of beta in Japan! Over the past 3 months we’ve helped over 10 money transfer companies send to Japan. We are happy to announce that OKLink is officially launching same-day transfer to Japanese banks.

All 100+ partners on our network can now transfer up to US$10,000 to Japan via bank account for a total delivery fee of 0.6%, calculated at the mid-market exchange rate with no hidden charges.

 

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Whether you’re a multinational company, e-commerce merchant, or a transfer company serving cross-border transfer needs to Japan, your customers can now make transactions within a day to any bank account.

Here are more details on sending to Japan with OKLink:

payout-info

From now until 31 March 2017, OKLink is subsidizing all fees on the first US$100,000 of cross-border transfers for every partner on the OKLink network.

OKLink adds first mobile pay app BUX.com to Blockchain settlement network

We are excited to partner with BUX Global Limited, a mobile money wallet and communications provider to offer real-time remittance services to their fast growing global user base in the unbanked sector.

BUX is an Australian incorporated FinTech company specializing in mobile wallet solutions and offering an app based global payment network for the “international migrant” and “under-banked community”.

bux-logo-oklinkWith operations in Australia, HK, Singapore, UK & EU, UAE and the USA, the primary focus at BUX is to provide disruptive payment and value added services for this target market with their simple to use mobile app.

BUX currently provides digital payment services tailored for overseas foreign workers and new migrant customers, allowing them to top up mobile phones, pay bills, make e-commerce payments, and send money internationally, without needing a credit card or bank account.

Powered by OKLink, BUX now offers their global customers access to additional real-time settlement options via bank transfer, cash pickup and mobile wallets, in more than 20 countries, including the Philippines, China, Japan, South Korea, India, and Indonesia.

Devere Bryan, Chief Operating Officer at BUX, comments on the partnership; “With the growth of international migrant communities around the world, and the progress made with financial inclusion in developing counties and under-banked markets, BUX has built our business model around facilitating the day to day economic and communicative needs of the people in these specific segments, aligned with staying at the cutting edge with mobile app development and the social network evolution.

We are very excited to partner with OKLink, as we view it as the region’s premier settlement system. OKLink will help BUX bolster and expand our network allowing us to provide more customers all over the world with a fast, convenient, cost effective and reliable solution for their cross border payment needs, right in the palm of their hands.”

Jason Lau, Vice President of Business Development at OKLink, said, “We are thrilled Bux has chosen OKLink as the backbone of their remittance services. We hope to help Bux reach many more overseas workers in the region who have limited access to banks and we look forward to working with Devere and the entire BUX team on this partnership.”

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(From left to right) Devere Bryan, Chief Operating Officer at BUX global limited; Jason Lau, Vice President of Business Development at OKLink
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(From left to right) Devere Bryan, Chief Operating Officer at BUX global limited; Jason Lau, Vice President of Business Development at OKLink

OKLink welcomes payments expert Mohit Davar as Strategic Advisor

Mr. Davar will offer senior advisory and industry insight as OKLink embarks on next phase of growth

OKLink is excited to welcome Mr. Mohit Davar as Strategic Advisor as we gear up for the next phase of aggressive growth.

mohit-davar
Payments expert Mohit Davar joins OKLink as Strategic Advisor

Based in London and with frequent stints in Hong Kong, Mohit’s role will be to provide advice to our fast-growing team on business strategy and global partnership, leveraging his extensive industry contacts and experience.

With over 22 years in the remittance industry, Mohit has a proven track record of developing and leading global teams and operations in the sector, with a focus on enhancing P2P and B2B flows, and establishing global mobile and banking networks.

Prior to joining OKLink, Mohit was the CEO at Moneygram International Ltd. and later CEO at Travelex Money Transfer. Mohit started his career at Sedgwick Noble Lowndes before setting up a joint venture between MoneyGram and Thomas Cook Group. Later, he established Travelex Money Transfer, a subsidiary of the Travelex Group, and developed it into a world renowned global remittance provider. He has served as Non-Executive Director on the Board of various payment companies and currently serves as Chairman of the International Association of Money Transfer Networks.

Jack C. Liu, Chief Strategy Officer at OKLink, said, “We are excited to welcome someone of Mohit’s caliber to our team. With his depth of experience and having built up strong and cordial relationships with various banks, financial institutions and regulators around the world, we look forward to working with him on ways to expand the business and connect and empower even more remittance companies worldwide.”

Mohit Davar commented, “Micro-sized overseas remittances is an over US$500 billion market and is expected to grow significantly, however, it is extremely fragmented. OKLink has developed a unique system that bridges the conventional settlement methodology with a blockchain enabled system, offering additional benefits of speed, transparency and significant cost reduction. I am very happy to join the team in building the next generation global settlement network.”

OKLink partners with Philippines leading payment network Ayannah

We are excited to partner with Ayannah, the Philippines’ leading and award-winning digital payment service provider, to provide real-time remittance to the Philippines via cash, bank accounts or e-wallet.

OKLink’s settlement platform currently allows transfer companies worldwide to send money to the Philippines for only 0.5%, a rate that is significantly lower than incumbents. The partnership allows all 100+ companies on the OKLink network to make transactions within the same day to bank accounts; within 4 hours to cash pick-up locations across the Philippines; and real-time to mobile wallets via Ayannah’s mobile payment partner.

Founded in 2008, Ayannah operates the largest digital payment network in the Philippines, offering a host of digital financial services that focus on serving the needs of the unbanked. The company won this years’ Best Fintech Start Up at Visa and NextMoney’s Fintech Finals (FF17) in Hong Kong. Ayannah has served over 10 million customers through its physical agents and online presence. The company serviced US$150 million in remittances in 2016.

Miguel (Mikko) Perez, founder and CEO of Ayannah, comments on the partnership, “Ayannah provides affordable and accessible digital financial services to the emerging middle class. As the largest digital payment network in the Philippines, we are very pleased to partner with OKLink, the world’s leading blockchain settlement system to provide our customers all over the world with more affordable and convenient options to send money to the Philippines.”

Jason Lau, Vice President of Business Development at OKLink, said, “We are thrilled to work with Mikko and the entire Ayannah team on this partnership. We continue to pursue low cost instant transfers to every country in every payout form.”

(From left to right) Jack Liu, Chief Strategy Officer at OKLink; Jason Lau, Vice President of Business Development at OKLink; Aldrich Victorino, Business Development Associate at OKLink; Joemel Dela Cruz, Chief Operating Officer at Ayannah; Jomar E. Pineda, Product Manager at Ayannah; Miguel (Mikko) Perez, founder and CEO of Ayannah
(From left to right) Jack Liu, Chief Strategy Officer at OKLink; Jason Lau, Vice President of Business Development at OKLink; Aldrich Victorino, Business Development Associate at OKLink; Joemel Dela Cruz, Chief Operating Officer at Ayannah; Jomar E. Pineda, Product Manager at Ayannah; Miguel (Mikko) Perez, founder and CEO of Ayannah

Vietnam: OKLink launches real-time delivery to banks, mobile wallets and same-day transfer via cash

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OKLink partners can now transfer up to US$10,000 to Vietnam via a bank account, cash pickup or mobile wallet for a total delivery fee of 0.5%, calculated at the mid-market exchange rate with no hidden charges.

Remittances from Vietnamese overseas remains a key part of the country’s economy, equivalent to about 7 percent of gross domestic product according to 2015 data from the World Bank.

Using OKLink, independent transfer companies can allow customers to send money to Vietnam much quicker and at a rate much cheaper than incumbents like Transferwise.

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Whether you’re a multinational company, e-commerce merchant, or a transfer company serving remittance needs to Vietnam, your customers can now make transactions within 30 minutes to any account with 27 banks; within the same day to cash pick-up locations across the country; and real-time to ATM cards with 22 banks. In addition, we support real-time transfers to mobile wallets via Vimo, a mobile payment platform that handles fund transfers, bill payments, online shopping, top-ups, and cash withdrawal.

Here are more details on sending to Vietnam with OKLink:

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Payouts are currently available at 27 banks via deposit accounts and 22 banks via ATM cards, including:

vietinbank_logo      agribank-logo-big      vietcombank_big      bidv-bank

From now until 31 March 2017, OKLink is subsidizing all fees on the first US$100,000 of cross-border transfers for every partner on the OKLink network.

 

Canada: OKLink launches same-day delivery to all banks and credit unions

Within one working day, OKLink partners can now transfer up to US$ 10,000 to a bank or credit union account via our delivery partners in Canada for a total delivery fee of 0.5%, calculated at the mid-market exchange rate with no hidden charges.

canada-payoutsWhether you’re a multinational company, e-commerce merchant, or a transfer company serving expats sending money back home, OKLink lets you and your customers make transactions near real time to any bank and credit union account in Canada at a rate significantly lower than incumbents.

Here are more details on sending to Canada with OKLink:

canada-chart

Payouts are currently available at 24 banks and credit unions in Canada, including:

td-bank      BMO_Sponsorship_2RB      rbc-use      cibc      scotiabank      national-bank-of-canada

From now until 31 March 2017, OKLink is subsidizing all fees on the first US$100,000 of cross-border transfers for every partner on the OKLink network.

OKLink launches Eurozone payout service in 19 countries

All 100+ partners on the OKLink network can now let their customers send Euros (EUR) to any of the 19 countries within the Eurozone, which consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.

Whether you’re a multinational company, e-commerce merchant, or a transfer company serving expats sending money to Europe, OKLink lets you and your customers make transactions real-time to any bank account within the Eurozone at a rate significantly lower than incumbents.

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Here are more details on sending to Europe with OKLink:

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From now until 31 March 2017, OKLink is subsidizing all fees on the first US$100,000 of cross-border transfers for every partner on the OKLink network.

For more information and to get started with your first transfer to EUR, please contact partner@oklink.com.

OKLink has just become the best way to transfer money to Korea

Today, we’re launching real-time transfers to South Korea.

s-korea-remittanceIt is as fair and secure as ever, with a total delivery fee of only 0.5% for any transactions up to USD 10,000. Whether you’re a payroll company or a transfer company serving inbound settlement needs like tuition fees, e-commerce payments, or foreign worker remittances, OKLink lets you and your customers send money real-time to any Korean bank account at a rate significantly lower than incumbents.

From now until 31 March 2017, OKLink is subsidizing all fees on the first US$100,000 of cross-border transfers for every partner on the OKLink network.

Our major payout partners in Korea include leading fintech company Bluepan, which has processed more than USD 40 million in remittance to Korea since May 2015. The partnership opens a corridor that many transfer companies currently do not support, allowing all 100+ partners on the OKLink network to let end customers send KRW directly to any bank account in Korea.

%eb%b8%94%eb%a3%a8%ed%8c%ac_%ec%9b%90%eb%b3%b8-1SangHyun Lee, CEO of Bluepan, said, “ We are very excited and pleased to work with OK Link as a Korea payout service company. Bluepan can provide OK Link’s partner companies with remittance services leveraging our industry-leading blockchain technology. This is is a great opportunity for us to grow together with OK Link’s partner companies.”

Here you’ll find everything you need to know about payments to South Korea.
s-korea-rates-comparison-oklink

Payouts are currently available at 52 banks in Korea, including:

kb-logo       hanabank      citi  woori_financial_group      shinhan-bank

Indonesian e-wallet DOKU and OKLink partner up

OKLink is partnering with Indonesian e-wallet DOKU to offer digital wallet as a payout option. All 100+ partners on the OKLink network can now provide their end customers with cheap, real-time money transfers to Indonesia. 

Electronic money in Indonesia is booming along with e-commerce, with total transactions reaching USD 394 million last year. This is fueled by low credit card penetration (6%) and the fact that only less than a quarter (60 million out of 250 million) of the population have bank accounts.

doku-logo-oklinkDOKU, an Indonesian payments company, currently provides digital payment services for over 20,000 merchants with direct connection to 15 major banks in Indonesia. The DOKU Wallet, Indonesia’s first and leading e-wallet, allows consumers to top up their account via ATM, through cash at selected convenience stores, or by linking it up with their credit card. Customers can then use it to make online purchases and other bill payments – without a credit card or bank account.

Lukman Hakim, Senior Manager of Cross Border Remittance at DOKU, said, “We are very pleased to welcome our partnership with OKLink. Access to cash-in points is essential to extend our global reach. Through this partnership we hope more customers will enjoy the convenience of sending their money home via DOKU.” 

OKLink allows transfer companies worldwide to send money in real-time to 122 Indonesian banks for only 0.5%, a rate that is significantly lower than other incumbents. Following this partnership, companies on our network can now make transfers to a DOKU Wallet for remittances to Indonesia.

Jack Liu, Chief Strategy Officer at OKLink, said, “We are thrilled to work with Lukman and the entire DOKU team on this partnership. It’s eye-opening to see how quickly mobile payouts are capturing the developing market. In Indonesia, we are excited to now offer real-time mobile, cash, and account transfers to 122 banks. We continue to pursue low cost instant transfers to every payout country in every payout form.”

OKLink announced last month that it will subsidize all fees on the first US$100,000 of cross-border transfers for every partner on the OKLink network, up to a total of US$100 million.

Indonesia: Real-time bank transfers for 80% less than Transferwise

infographic-indonesia-remittance-oklink

We’re excited to announce that transfer businesses using the OKLink network can now let customers send money to Indonesia for only 0.5%.

Here is what you need to know:

  • Transfers with OKLink are real-time delivered to banks. While companies like Transferwise take days to complete a transfer waiting for netting flow, every partner on OKLink can offer its users real-time delivery to banks all the time.
  • Our transfers are by far the cheapest. Sending money to Indonesian bank accounts only costs 0.5%, which is one fifth of what Transferwise charges. Our partners get to capture the spread.
  • We always use the real exchange rate, with no hidden fees.

chart-indonesia-remittance-oklink

Payouts are currently available at 122 banks throughout Indonesia, including:

cimbniaga-oklink      mandiri-oklink      bri-oklink      bni-oklink      bca-oklink

 


Why build a transfer business with OKLink

If you are a money transfer app, website, or an offline remittance company, read more to find out how OKLink can help your business grow.

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