Japan Post Bank stays Earthport bound for payments push
Japan Post Bank has expanded its relationship with Earthport to deliver outbound cross-border payment services across a number of additional regions including North America and Europe.
The bank wants to become “the most accessible and trustworthy bank in Japan” and to offer its clients “greater capabilities” in high volumes of low-value cross-border payments. Earthport says it has a payment network of over 67 countries.
Masahiro Murashima, senior managing executive officer of Japan Post Bank, says since January 2018 “we began handling international remittances on the web and expanding the remittance destination mediated by Earthport to more countries and it is now possible to make full remittance to the payee account without deducting the intermediate fee”.
The bank has been a client of Earthport’s for two years.
Japan Post Bank was established in October 2007 as a member of the Japan Post Group through privatisation and spin-off of Japan Post and was listed on the first section of the Tokyo Stock Exchange in November 2015.
