Galaxia Moneytree Partners with GMoneyTrans for ATM Deposit Service... Full-Scale Expansion of Overseas Remittance Service

[Asia Economy Reporter Yoo Hyun-seok] Fintech specialist Galaxia Moneytree announced on the 21st that it has partnered with mobile overseas remittance service company GMoneyTrans to offer an 'ATM Deposit' service.

In July, Galaxia Moneytree introduced a convenience store payment service to the overseas remittance application (app) 'GMoneyTrans,' launching the first-ever convenience store overseas remittance service in Korea. With the addition of the ATM deposit service, the company has diversified payment options, enhancing user convenience.

The ATM deposit service is available at ATMs operated by Hyosung TNS. When customers make a remittance via the GMoneyTrans app, they select ATM deposit as the payment method, enter the number received through the app into the ATM, and deposit cash.

A company representative stated, "The advantage of the ATM deposit service is that it can be used non-face-to-face without going through complicated authentication procedures," adding, "Foreigners who had difficulties communicating and domestic users who were reluctant to visit convenience stores due to COVID-19 can now make convenient and safe overseas remittances."

Galaxia Moneytree is expanding its overseas remittance service partnerships, expecting to increase its customer base and sales in the future. Since launching the convenience store payment service, the cumulative number of transactions surpassed 15,000 within five months. During the same period, the cumulative transaction amount reached 4.8 billion KRW.

This content was produced with the assistance of AI translation services.