Japan's most trusted remittance network. Now bridging cash and crypto across every border.
SBI Remit has cleared ¥2 trillion in cumulative remittance volume. fifteen years of foreign-worker flow from Japan to Asia. Fasset moves money for 2M+ users in those same markets. The next decade of cross-border money runs on stablecoin rails. The institutions that handle cash-to-crypto on the way in and crypto-to-cash on the way out, under one regulated roof, are the ones that anchor the next decade. SBI Remit's network plus Fasset's rail is that roof.
For SBI Remit's customers, remittance is just the beginning.
Today, an SBI Remit customer's relationship ends at cash collection. The partnership extends it. A card her family spends at Tokopedia. Savings that earn yield. A wallet that holds value in stablecoins instead of evaporating into a one-way wire. A position in tokenised real-world assets. gold, equities, Shariah-compliant products. built from the same monthly remittance. Same first transaction. Five products that follow.
Settlement compresses 99%. Capital is freed. Reach multiplies. But the deeper change is upstream of all of that: the remittance is no longer where the SBI Remit relationship ends. It is where it begins.
The yen rail is being rebuilt. Tokyo is uniquely positioned to anchor it.
Seventy years on correspondent banking. Eighteen months to replace it. The largest payment institutions on earth, Visa, JPMorgan, Stripe, MoneyGram-Stellar, have publicly committed. The rail is being assembled in real time. JPYSC sits at its centre. SBI Remit can anchor the yen leg.
Eighteen months. Six institutional commitments. One direction.
No other Asian centre brings this combination together. Tokyo and SBI Remit do.
Strengths the rail needs. Capabilities the partnership completes.
Operational mastery has a name in Japanese. So does the moment you outgrow it.
Category leaders don't lose to better products. They lose to better questions.
changed
The moment is here. The seat is open.
JPYSC is live. The institutional yen rail is being assembled in public. by Japanese institutions, payment networks, and stablecoin issuers, together. SBI Remit holds the licence, the customers, and the network to define the yen leg of that rail.
Triple the footprint. One integration. Same product.
SBI Remit serves twenty-one markets today with bank-account-grade, digitally-native reach. Beyond that, the rest of the global footprint runs through MoneyGram cash-pickup. A different product. Costlier to the customer. Lower margin. Outside the digital wallet experience SBI Remit's customers expect. The partnership extends bank-account-grade reach to fifty-eight markets, across MENA, Africa, Europe, the Americas, and Oceania, on a single stablecoin rail. One integration. Same product. Triple the footprint.
Japan is the hub. Stablecoin is the rail.
Twenty-one corridors today, anchored at Tokyo. Fifty-eight after the partnership. The same product, in three times as many markets.
Same product. Three times the footprint.
Today an SBI Remit customer in Osaka sending to Mexico routes through MoneyGram cash-pickup at 5–7%, outside the digital experience. After the partnership: same customer, same app, lands in a Mexican bank account at 0.8%, T+0. Not a new product. The existing product, finally everywhere it should have been.
Same trust. New journeys.
SBI Remit pioneered the crypto-bridge thesis in Japan. Live since 2017 on Ripple's rails. Bank-account-grade XRP settlement to the Philippines, Vietnam, and Indonesia since September 2023. That model works. What this partnership adds: the wallet, spend, and save layer above cash collection, and the same proven settlement model extended from three live corridors to fifty-eight.
A Vietnamese factory worker sends ¥80,000 home each month. SBI Remit's XRP-bridged corridor (live since Sept 2023) already settles in ~3 minutes. The partnership keeps that. Adds a wallet, card, savings, and spend layer that lives on after the transfer.
A Filipina nurse in Dubai sends AED 1,500 to her brother in Tokyo. Today it leaks to Wise, hawala, and bank wire. None of it touches SBI Remit. With the partnership, Fasset's UAE entity (VARA-licensed) becomes the entry point. SBI Remit becomes the receiving institution. Net-new corridor.
Linh's three-year TITP visa ends. She returns to Vietnam. Today, her SBI Remit relationship ends with her. With the partnership, her wallet, savings, and card travel home with her. She remains an SBI Remit customer. now on the receive side.
A Tokyo SME pays three Hanoi suppliers $40K/month. Today: Mizuho TT, SWIFT, T+2, 2.5–3.5% all-in, manual reconciliation. With partnership: programmable JPY → USDC → VND, T+0, ~0.4%, on-chain audit-ready. Extends SBI's existing 5-country corporate remittance to 11 Fasset markets for sub-$50K SME segment.
An Indian tourist arrives at Narita with ₹50,000. Today: Travelex (3–5%), forex card (3.5%), or ATM (¥220 + 1–3%). Long queues. With the partnership: scan a QR at FamilyMart, UPI → USDC → JPY in ~90 seconds at ~1.2%. Konbini becomes the FX gateway for 42.7M visitors / ~¥10T inbound spend (2025).
The remittance is the door. Five financial lives walk through.
Anh Linh's family becomes a multi-product customer. Maria's brother joins the base, net new. Linh's relationship survives her visa. Tanaka gets a treasury product his SME cannot get from any Japanese bank. Priya stops paying FX twice. Three of these five revenue lines do not exist for SBI Remit today. Two extend the existing customer base into compounding product lines. None require SBI Remit to change its brand, its agents, or its app.
The largest regulated cash network in remittance, with the float removed.
SBI Remit's 350K Cash Payout Network Locations across 200+ countries currently sit on a network of pre-funded local-currency accounts. This is not a hypothesis. SBI Remit already eliminates pre-funding on PH, VN, ID via XRP bridging through Ripple and Tranglo. live since 2021. The partnership scales the same settlement architecture from one bridge asset to five. USDC, USDT, EURC, RLUSD, JPYSC. across 58 corridors.
A distribution network built over fifteen years. Owned, regulated, anchored at Tokyo.
Float drops. Speed rises. Reach doubles.
Six metrics. All proportional. Absolute conversion belongs in diligence.
Six metrics. One pattern. Capital comes home, cost compresses, reach doubles. Without changing the customer-facing product.
Three revenue lines. Zero cannibalisation.
Three streams that do not exist on SBI Remit's P&L today. Same brand, same Cash Payout Network, same Japan regulatory home. Each one extends a relationship that ended at cash collection.
Three lines that do not exist on SBI Remit's P&L today. Each one compounds on rails the partnership already ships.
Three phases. Two gates. Eighteen months.
A phased delivery plan, each phase ending in a measurable gate. The partnership advances only when the prior phase has cleared its KPIs. Each gate is a contractual milestone, not an expression of intent.