SBI Remit’s International Money Transfer Exceeds 500 Billion JPY Cumulatively

 SBI Remit Co., Ltd (Head office: Minato-ku, Tokyo, Representative Director: Nobuo Ando,, hereinafter “SBI Remit”), an international money transfer service business operator and a subsidiary of SBI FinTech Solutions Co., Ltd., a total FinTech solution company, announces that the cumulative total of overseas money transfer (JPY equivalent) exceeded 500 billion JPY.

 In the large globalization movement, SBI Remit started business at the end of 2010 with a mission to provide SBI group’s financial services to foreign resident population in Japan which is expected to continue to increase. The current foreign resident population in Japan recorded its highest number, about 2.56million(*), and as the Japanese government presented its policy to expand the acceptance of foreign workers, foreign resident population is expected to increase much faster than ever before. Accordingly a growing need of foreign nationals reside in Japan led to increase in overseas money transfers which resulted in a high increase of the money transfers by SBI Remit. The number of registered members of the SBI Remit service is about 0.45 million and about 90% of the members are foreign nationals resident in Japan. Reflecting countries such foreign residents came from, many of SBI Remit’s money transfers are made to Asian countries and recently transfer volume to Indonesia, Cambodia, Myanmar and Thailand are increasing in addition to the predominant Philippines, China, Vietnam and Nepal.

 The money transfer service using U.S. Ripple’s distributed ledger technology launched in June 2017 with the Siam Commercial Bank Public Company Limited, a large private commercial bank in Thailand, is outstanding from the view of speediness to receive money and led to remarkable usage increase. The plan i to continue expand money transfer channel further utilizing the U.S. Ripple’s platform.

 SBI Remit keeps striving for development of high-convenience money transfer services to meet customer’s various needs, through adoption of new financial technologies in a proactive way.


(*) The Ministry of Justice Press Release, Number of foreign residents as of the end of June, 2018 (preliminary value)





Reference: SBI Remit’s Milestone




Launched the website and international money transfer service


Launched convenience store money transfer service


Launched the website for mobile


-Reduced the remittance charges

-Increased the Maximum Allowed number of Remittances to 20 times

-Added remittance countries


Launched bank transfer services to Philippines


Launched bank transfer services to China


Extended the acceptance hours for convenience store money transfer


Added remittance countries


Added SMS as a reference number notification method


Reduced the remittance charges


Launched money transfer services to Myanmar


Reduced the remittance charges


-Reduced the remittance charges to China

-Launched money transfer services to Sri Lanka




-Exceeded the cumulative total 100 billion JPY

-Reduced the remittance charges to Philippines

-Launched money transfer services to Brazil


Exceeded the cumulative total200 billion JPY


-Reduced the remittance charges to Vietnam

-Launched selling budget SIM cards with easy procedure

-Launched money transfer service utilizing distributed ledger technology in Thailand


Exceeded the cumulative total 300 billion JPY


Enhanced money transfer services to Myanma


Exceeded the cumulative total 400 billion JPY


Exceeded the cumulative total 500 billion JPY




Enquiries: SBI Remit Customer Support Center

03-5652-6759 (English,Tagalog)

Reception Hours

Weekdays 08:00–22:00

Weekends and national holidays 12:00-21:00

(excluding New Year and vacation dates set by SBI Remit)

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