SBI Remit and SBI Shinsei Bank have formed a customer referral agreement to enhance international money transfer services. The partnership aims to improve the speed and cost-effectiveness of remittances for customers, with a focus on delivering a seamless transfer experience. SBI Remit, which utilizes Ripple's technology, has been a leader in international remittance services since 2010 and launched an XRP-based service in 2023. SBI Shinsei Bank is involved in projects like Project Agora, aiming to streamline cross-border transactions through tokenization. The collaboration between these two entities reflects a trend of partnerships between banks and money transfer companies in international remittance operations. The goal is to expand services, grow the customer base, and contribute to regional revitalization through partnerships with local financial institutions.



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