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Telecommunications & Media

Woori Bank to link finance and telecom services for Mongolian workers and students in South Korea

Woori Bank said on Tuesday it signed a three-way business agreement with Mongolia’s Trade and Development Bank and South Korea’s KT to provide specialised finance and telecommunications services for foreign customers. The programme targets Mongolian workers and international students, supporting them from pre-entry recruitment to opening remittance accounts and signing up for mobile services after arrival. Woori will offer preferential exchange rates and remittance fees, while KT will apply its lowest mobile plan.

Fintech

SentBe partners with GCash to boost reliability of remittances to Philippines

SentBe said on Tuesday it has signed a partnership with Philippine finance app GCash to strengthen the stability and efficiency of personal remittances sent from South Korea to the Philippines. The partnership aims to upgrade SentBe’s service that allows recipients to receive funds into GCash wallets. SentBe users’ transfers will be delivered to recipients’ GCash wallets for everyday payments such as bills and purchases.

Crypto

Western Union\'s USDPT supported for trading on Bybit, expanding stablecoin strategy

Crypto exchange Bybit has begun supporting Western Union’s dollar-pegged stablecoin USDPT. The link marks USDPT’s first entry into a major crypto exchange and expands its use beyond payments to trading and transfers. The companies said USDPT can now be held, traded and sent on Bybit. USDPT was launched in May, issued by Western Union Digital with reserves held at Anchorage Digital Bank, and initially issued on Solana.