Shinhan Bank Co. Ltd. and Hyundai Card Co. Ltd. formed a partnership to cooperate on foreign currency remittance business.

The two South Korean companies and U.K-based fintech company Currency Cloud agreed to collaborate on developing a new online platform for the remittance of small amounts of foreign currency, according to a Jan. 23 release from Shinhan Bank.

Shinhan Bank is a unit of Shinhan Financial Group Co. Ltd.