News
SentBe Enters the Global $5.9B Digital Overseas Remittance Market

By 2031, the digital overseas remittance market, expected to grow annually by 22%, will likely reach $45.2 billion. In this burgeoning market, SentBe, led by CEO Alex Seong-Ouk Choi, has announced its definitive entry.

Following the June introduction of the API-based B2B payment solution ‘SentBiz KRW Collection’, supporting seamless international business payments for foreign enterprises requiring Korean Won collection and multi-currency settlements, SentBe is poised to expand its personal small-scale overseas remittance service regionally on a global scale.
Recent studies by global market research platform Business Research have forecast the digital overseas remittance market, worth $5.9 billion in 2022, to grow at a 22% annual rate, reaching $45.2 billion by 2031.
The rise in migrant workers and the increasing prevalence of easy and quick remittance options, compared to traditional banking services, are accelerating this growth.
In response, SentBe is intensifying its direct global market entry, capitalizing on its competitive edge in digital overseas remittance services. Having established a corporation in Singapore, Asia’s forex financial hub, SentBe is bolstering its competitiveness in providing overseas remittance and payment services, utilizing its efficiency, ease of use, and customer accessibility.
SentBe’s remittance services are well-recognized for their low fees, rapid processing, 24/7 availability, and recipient-friendly options.
Established in 2015, SentBe strives toward its mission of “A World Without Financial Borders,” developing a broad global partnership network and building a business infrastructure aligned with global standards.
SentBe showcases both the individual small-scale overseas remittance service ‘SentBe’ and the business-focused overseas remittance and payment solution ‘SentBiz’.
Particularly noteworthy, SentBe initiated its C2C service in 2016, focusing initially on migrant workers within Korea. This service was distinguished by its safety, convenience, and competitively low fees.
Following its domestic success, SentBe expanded this service across various Asian countries, including Singapore and Indonesia, based on its strong performance and positive reception. As SentBe prepares for its entry into the global market, the C2C service is set to broaden significantly.
This expansion will cater not only to migrant workers and Korean expatriates within the countries where the service is offered but also to students and other long-term residents from Korea, effectively making SentBes services accessible to a global audience.
Currently, SentBe’s C2C service supports remittances to over 50 countries globally, including the United States, Thailand, the Philippines, and Malaysia, with the capability to complete transactions within a single day. Offering remittance fees that are up to 90% lower compared to conventional banks, this service has become increasingly popular among migrant workers in Korea and across Asia.
According to SentBe’s 2023 Business Impact Report, from 2016 to 2023, migrant workers using the C2C service have saved a total of $264 million in fees. Notably, 71% of these transactions have been remittances sent back to Southeast Asia, indicating that the savings on fees significantly boosted the amount of money workers could send home.
Looking forward, SentBe is committed to further refining the remittance process, drawing on its comprehensive understanding of the remittance needs and experiences of migrant workers from Asia, including those in Korea, Indonesia, and Singapore.
Additionally, SentBe is significantly enhancing cost reduction and operational efficiency for both domestic and international companies through its proprietary API settlement solution, ‘SentBiz’.
This service offers tailored financial solutions to global corporations that require local settlements in individual countries. From 2020 to 2023, companies utilizing SentBiz have realized a total of $76 million in fee savings.
The recently launched SentBiz KRW Collection, for instance, provides a comprehensive one-stop service for international money transfer operators (MTOs), payment gateway (PG) providers, and global e-commerce platforms that need to collect Korean Won within the Korean market.
This service simplifies complex financial processes by offering features such as multi-currency settlements in 31 global currencies across 174 countries, enabling payment without the need for currency exchange through the use of secure virtual accounts
CEO Alex Seong-Ouk Choi of SentBe said, ‘We are continually researching the affordability, accessibility, and inclusiveness of SentBe’s offerings, as evidenced by our 2023 Business Impact Report.
Notably, 68% of transactions through our personal small-scale overseas remittance service occurred outside of traditional banking hours, and it was found that approximately 80% of transactions from our B2B client’s single requests consisted of multiple transactions, which were often processed on the same day.
For corporate clients, eliminating the need to visit a bank not only enhanced accessibility but also significantly improved their operational efficiency.
Although usage patterns vary among customers, 92% of all transactions across these services were completed within 24 hours of the request, and 90% of transactions over weekends were completed within one day.
The reason both individual and corporate clients are highly satisfied with SentBe’s services is that they offer the convenience of handling multiple transactions swiftly and outside of regular banking hours, which is not possible with traditional financial institutions.'”
CEO Choi added, “The widespread adoption of our online remittance services by both individuals and businesses has significantly contributed to the rapid growth of the digital overseas remittance market.
“As SentBe continues to expand internationally, leveraging our innovative solutions, unique business infrastructure, and secure management capabilities, we aim to be recognized as a leading cross-border payment solution company in the global fintech payment/remittance sector”.
Meanwhile, SentBe continues to drive sustainable growth and expand its geographical and service reach in the global market, based on its achievements in Korea and Asia.
It operates a dedicated in-house Legal & Compliance Division, comprising domestic and international financial legal experts, ensuring compliance with global laws and managing foreign exchange risks.
With over 80 global partnerships, SentBe maintains an information security system and safety standards that meet global criteria.
Moreover, SentBe is the first and only Korean fintech firm to have acquired a Singapore Cross-border Money Transfer Service License from the Monetary Authority of Singapore (MAS) in 2020, solidifying its robust legal foundation for handling international remittance and payment transactions.
News
CredibleVoteNG Opens Free Access to all Polling Units in Nigeria after INEC Demanded N1.Bn for Register

CredibleVoteNG, a citizen-built, open-access platform is hosting precise, verified information for all 37 states (including the FCT), 774 Local Government Areas (LGAs), and 176,846 individual polling units for free.

This is coming months after the Independent National Electoral Commission (INEC) placed a N1.5 billion price tag on requests for Nigeria’s complete polling unit register under the Freedom of Information (FOI) Act.
But CredibleVoteNG, being promoted by two Nigerian technology enthusiasts have built a platform that provides the same information free of charge.
The platform, offers structured digital access to all 176,846 polling units across Nigeria’s 36 states and the Federal Capital Territory, covering the country’s 774 local government areas and 8,809 electoral wards.
The initiative emerged against the backdrop of a public controversy that followed INEC’s October 2025 response to an FOI request by a Nigerian law firm seeking the commission’s polling unit database.
In its reply, the electoral body estimated that providing the information would cost N1,505,901,750, citing the need to print more than six million pages at N250 per page.
The response triggered widespread criticism from lawyers, civil society organisations and transparency advocates, who argued that electoral information critical to democratic participation should be readily accessible to citizens.
While the debate continued, Kelly Omobude, software developer and Uzoanya Grant, product owner, quietly worked on what would become CredibleVoteNG, a free and open-source platform designed to make electoral data available to everyone.
Accessible online through a public Application Programming Interface (API), the platform requires no registration, subscription or API key.
Developers, journalists, election observers, political parties and ordinary citizens can access the data without charge.
According to the founders, the project was inspired by the belief that credible elections depend on unrestricted access to reliable information.
“Independent observation requires independent data. If every organisation is working from the same verified, open baseline — that is the foundation for credible accountability. That is what we are trying to provide,” they said.
The platform enables users to navigate Nigeria’s electoral structure from the national level down to states, local government areas, wards and individual polling units through nine dedicated API endpoints. Information is delivered in a structured format within seconds, making it useful for both technical and non-technical users.
To broaden accessibility, the developers incorporated a Swagger-based interface that allows users with no coding experience to search and explore electoral data through a standard web browser.
Omobude, who designed the platform’s technical architecture, database infrastructure and cloud-hosting environment, said the project has been developed and maintained using personal resources since March 2023.
Grant, who led product design and user experience development, described the initiative as a civic intervention intended to bridge longstanding information gaps within Nigeria’s electoral ecosystem.
For election observers and civil society organisations, access to comprehensive polling unit data has often posed significant operational challenges.
Many monitoring groups spend weeks assembling information from multiple sources before deploying field personnel.
CredibleVoteNG seeks to eliminate that burden by providing a standardised and verified dataset that can be used simultaneously by multiple organisations.
Election monitoring experts say such access is particularly important for Parallel Vote Tabulation (PVT), a globally recognised methodology used to independently verify election outcomes through polling unit-level data collection and analysis.
The platform’s creators argue that a common and publicly accessible electoral dataset can improve consistency among observer groups and strengthen confidence in election monitoring efforts.
The database may also prove valuable to journalists and media organisations, enabling them to verify polling unit distributions, scrutinise electoral claims and undertake data-driven reporting on voter access and representation.
The platform further highlights variations in polling unit distribution across the country. Lagos State has 13,325 polling units, Kano 11,222 and Kaduna 8,012, while Bayelsa has 2,244 and Ekiti 2,445.
Analysts say access to such information could encourage deeper discussions around voter accessibility, electoral logistics and resource allocation.
Political parties are also expected to benefit, as accurate ward and polling unit data are essential for deploying agents, monitoring election-day activities and identifying organisational gaps during campaigns.
Although the project has attracted limited publicity since its launch in March 2026, the founders say adoption has continued to grow through referrals and online searches.
Hosted on cloud infrastructure and verified across all states and the FCT, CredibleVoteNG is increasingly being viewed by election stakeholders as a practical contribution to transparency, civic participation and electoral accountability ahead of the 2027 general elections.
As preparations intensify for another election cycle, the emergence of a citizen-built platform providing free access to one of Nigeria’s most important democratic datasets underscores the role innovation can play in advancing transparency and strengthening public trust in the electoral process.
News
NESREA Defends Plastic Waste Rules, Says Policy Targets Pollution

National Environmental Standards and Regulations Enforcement Agency (NESREA), has said that the National Environmental Plastic Waste Control Regulations 2026 are aimed at tackling pollution and promoting a circular economy, not shutting down industries.

The agency made the clarification in response to concerns raised by the Manufacturers Association of Nigeria (MAN), saying some interpretations of the regulations are inaccurate and misleading.
NESREA said the rules provide a phased and consultative framework designed to improve recycling, producer responsibility, waste recovery and sustainable packaging across the value chain.
It stressed that the widely cited 80 micron requirement applies only to certain plastic carrier bags and does not amount to a blanket ban on single use plastics.
According to the agency, sensitive sectors such as food, pharmaceuticals and logistics are covered by separate provisions, while major requirements on recycled PET content will only begin to take effect from 2028 and 2030.
NESREA said the transition period is intended to give manufacturers and recyclers time to adjust operations and strengthen supply chains.
The agency argued that unregulated plastic pollution poses greater long term risks, including flooding, public health hazards and environmental degradation, adding that the regulations would create new opportunities in recycling and circular economy services.
It also maintained that the policy is guided by the polluter pays principle and is designed to strengthen Nigeria’s domestic recycling industry.
NESREA said it remains open to technical input from manufacturers and other stakeholders as implementation progresses.
News
Arridex Floats West Africa’s First Multi-tech 3D Industrial Omnifactory in Lagos

Industrial manufacturing in Nigeria and West Africa at large has reached a historic milestone in 3D printing, as Arridex formally floated its breakthrough “Omnifactory” in Lagos.

The newly opened facility stands as the region’s very first multi-technology industrial additive manufacturing facility, paving the way for a major shift toward localized production and self-reliance.
The launch follows a strategic rebranding of the company’s corporate identity from RusselSmith to Ariddex.
BabajideSanwo-Olu, Lagos State Governor, who officially launched the plant, said: “Today, I opened West Africa’s first multi-technology industrial additive manufacturing facility in Lagos. By producing industrial components and spare parts here in Lagos, Arridex is helping to reduce our dependence on imports, strengthening critical industries and supporting economic growth.
“I commend the Arridex team for their vision and commitment to building solutions that serve not only Nigeria but the wider African continent. Lagos will continue to support investments that create opportunities, grow local capacity and position our state as a hub for innovation and industry,” he stated.
The ArridexOmnifactory aims to reshape industrial supply chains by housing several advanced 3D printing and fabrication techniques under a single roof. Utilizing cutting-edge systems like Laser Powder Bed Fusion (L-PBF), Cold Spray, Fused Filament Fabrication (FFF), and Selective Laser Sintering (SLS), the Lagos facility is built to create high-precision, on-demand industrial components and replacement parts.
Beyond standard gear, the site’s large-format machinery is robust enough to engineer full-sized marine parts and massive structural items for heavy industries.
Group Chief Executive Officer, Arridex, Kayode Adeleke, said: “We did not set out to build the biggest company, but a resilient one.
For over two decades, we have chosen the harder path, and that is to make in Africa what others import, to meet global standards without exception, and to put purpose before profit. The ArridexOmnifactory is where that conviction becomes infrastructure.
“The name on the door is new, but the work behind it is not. We are not stopping here. By the first quarter of 2027, we will commission the Arridex Mega Omnifactory, which will stand among the largest single-site industrial additive manufacturing facilities in the world. The next chapter of global manufacturing can be written from Lagos. We are building it,” he said.
According to him, this launch represents a massive leap forward for regional infrastructure, offering a direct solution to the supply bottlenecks that have choked West African enterprise for decades.
Historically, asset managers operating aging systems had to deal with grueling shipping lead times, complex international legalities, and the absolute vanishing of parts from long-defunct original equipment manufacturers (OEMs). The Omnifactory bypasses these hurdles entirely by enabling critical pieces to be conceptualized, rendered, and printed locally on demand.
The company currently holds Pioneer Status in additive manufacturing from the Nigerian Investment Promotion Commission (NIPC) and is the first enterprise qualified by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) for 3D printing deployments in the oil patch. Furthermore, Arridex has solidified a joint venture partnership with the Defence Industries Corporation of Nigeria (DICON) to locally manufacture military-grade components.
On the global stage, Arridex has also stepped up as the first African member of the Additive Manufacturer Green Trade Association (AMGTA) and is recognized as a Designated Strategic Partner of the Commonwealth Enterprise and Investment Council (CWEIC).
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