Fukushima Bank will be responsible for the processing of international money transfers by partner Ripple SBI Remit.
Ripple partner SBI Remit announces the start of cooperation with the largest Japanese bank: Details
Ripple SBI Remit partner announced a partnership with Fukushima Bank. From now on, this regional Japanese bank will be responsible for servicing all international money transfers of partner Ripple SBI Remit. SBI Remit said it was interested in introducing new technologies, including Ripple DLT technologies. This helps make remittances more “convenient” and “safe.”
The Ripple partnership already allows SBI Remit customers in Japan to make almost instant cross-border payments between Japan and Thailand. According to SBI Remit spokesman Nobuo Ando, with the constant growth of remittance flows, it is clear that Ripple helps to open up a new revenue potential for our business and improve the overall customer experience. Fukushima Bank has a large network in the Fukushima region of Japan. There is a great demand for money transfers, and Ripple SBI Remit partner wants to satisfy it by opening new channels.
It was previously known that Ripple partner Ria Money Transfer opens the first outlet in Singapore.