SBI Ripple Asia is providing a next-generation payment platform powered by DLT (Distributed Ledger Technology) to financial institutions and remittance transfer providers in Asia as a joint venture of SBI Holdings and Ripple, a US FinTech venture.
In recent years, customer behavior and the demands for payments have evolved.
The needs for foreign exchange are also emerging with cross-border e-commerce and business expansion of Japanese companies to Asia. As a result, SBI Ripple Asia is working on a new payment platform for financial institutions. We established “Japan Bank Consortium” with banks in Japan in October 2016. (61 banks are participating as of July 2017). This consortium is building and commercializing RC Cloud – the world’s first and Japan-originated new payment platform which unifies domestic and foreign exchange using Ripple’s solution. With this platform, seamless settlements and payments are expected with banks and beyond.
SBI Ripple Asia is working to accelerate the trend of blockchain-based technologies moving toward commercialization and to expand RC-cloud technology overseas.
Demo: Retail Remittances - A Case Study Between Japan and Thailand (2018)
Learn how SBI Remit in Japan and Siam Commercial Bank in Thailand partnered to solve these pain points with xCurrent, Ripple's cross-border payments technology.