Ripple
SBI Remit teams up with Ripple to power instant remittances between Japan and Thailand.
Summary
SBI Remit leverages Ripple's blockchain solution to offer instant remittance services, enhancing the experience for Thai nationals in Japan by enabling real-time money transfers to Thailand.
Value Drivers
Challenges
- SBI Remit aimed to become the best payment service provider for foreigners living in Japan.
Solutions
- SBI Remit and SCB use Ripple's enterprise blockchain solution to enable instant remittance services.
Outcomes
- Thai nationals in Japan can now send money home instantly using ATMs, with funds received in Thailand within seconds.
Products
Software
RippleNet
Blockchain solution for real-time remittance payments.
Target Organization
SBI Remit Co., Ltd
Description: The largest money transfer provider in Japan, focusing on enabling remittances for foreigners living in Japan.
Industry:Financial Services