Mobile currency exchange service for travelers using overseas remittance method

Cashmallow has developed a currency exchange system using overseas remittances. While existing overseas remittance services could be used only by those who have accounts overseas, such as international students, this service expanded the market by combining a payment method called ATM for tourists who do not have accounts overseas. Using the Cashmallow app, a traveler exchange service using overseas remittance, it can be exchanged in real time before or during the trip, and withdrawn 24 hours a day from the ATM. Without having to exchange money in advance, travelers can exchange money at the destination at all times, so they can travel overseas in a stable manner like a domestic trip. 

Representative  Yoon Hyung-woon

Date of establishment   2016/01/15

Contact   010-5644-5439  | drg0513@cashmallow.com |  www.cashmallow.com

Business area   IT

The number of executives and staff  10

Business status and achievement

2016.05 Established the Hong Kong Corporation

2017.07 Established a Taiwanese corporation

2017.07 Certified as Venture Company

2017.09 Launched Korean and Taiwanese services

2019.10 Selected as a regulatory exception for demonstration of regulatory sandboxes

2018.07 Launched Hong Kong service

Future business plan

We will form a partnership with banks in each country to expand customer reliability equivalent to banks and increase profits by expanding payment fees and currency exchanges in cooperation with local payment companies in each country.