Information/Campaigns

2019/07/26

SBI Remit’s International Money Transfer exceeds the 700 billion yen cumulatively


SBI Remit Co., Ltd (Head office: Minato-ku, Tokyo, Representative Director: Nobuo Ando, https://www.remit.co.jp 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 transfers (JPY equivalent) exceeded 700 billion JPY.

SBI Remit has started its business at the end of December, 2010 with a mission to provide financial service mainly focused on money transfers for foreign residents in Japan. The population of foreign residents, that are the main users of the services, reached about 2.73 million residents*) and is a significant increase from about 2.08 million as of time of the service launch by 31%, about 0.65 million. In accordance with this, SBI Remit processing volume also increases steadily. It is due to improved acceptance environment of personnel from foreign countries, based on Amendment to Immigration Control Law was enforced this April and establishment of designated skill program newly targeting high skilled personnel which allows period of stay extension and accompanying family members for such personnel.

Based on this environment, further business expansion is expected.
We continuously strive for provision of more convenient, secure and comfortable money transfer service to meet customers’ expectation and requirements.

(*) The Ministry of Justice: Number of foreign residents in Japan as of the end of 2018
http://www.moj.go.jp/nyuukokukanri/kouhou/nyuukokukanri04_00081.html

*******************************************

Enquiries: SBI Remit Customer Support Center

03-5652-6759

Reception Hours

Weekdays 09:00–18:00

Weekends and national holidays 10:00-18:00

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

Back to Information/Campaigns