SBI Remit and Fasset Partner on Stablecoin Remittance Network
In brief
- SBI Remit and Fasset build stablecoin payment rails for global remittances and business payments
- Fasset operates 50+ banking corridors, processing $32 billion in annualized transaction volume
- Partnership includes debit cards, wallet integrations, and AI-powered cross-border transfer solutions
Partnership scope and infrastructure
SBI Remit partnered with Fasset to deliver stablecoin-powered payment rails designed to improve settlement speed, reduce transaction costs, and increase transparency across remittances, business payments, and treasury operations. The collaboration integrates SBI Remit's distribution reach with Fasset's Own Network, which spans over 50 banking corridors and 16 blockchain networks across Asia, the Middle East, Africa, and other emerging markets.
The partnership extends beyond remittances into a broader suite of financial products. Planned offerings include stablecoin-enabled debit cards, wallet integrations, cash-to-agent services, and consumer and business solutions.
AI-powered vision and market expansion
SBI Remit and Fasset share a vision for an AI-powered financial future, where individuals can automate cross-border transfers, investments, and savings. Beyond the initial rollout, the two firms will collaborate on market expansion, product development, and regulatory engagement.
The move comes as Japan continues to modernize its financial landscape through progressive digital asset regulation and increased institutional interest in stablecoins. Nobuo Ando, Representative Director and Chairman of SBI Remit, framed the partnership as a response to growing demand for faster cross-border services.
"As demand for faster and more efficient cross-border financial services continues to grow, we see significant potential in stablecoin-powered infrastructure to enhance how money moves internationally. Together, we are creating a foundation for payment, settlement, and financial services that can better serve customers across untapped borders and markets." — Nobuo Ando, Representative Director and Chairman of SBI Remit
Frequently asked questions
What is the SBI Remit and Fasset partnership about?
SBI Remit, Japan's leading international money transfer provider, partnered with Fasset to build stablecoin-powered payment infrastructure. The collaboration combines SBI Remit's distribution network with Fasset's digital ecosystem to improve settlement speed, reduce costs, and increase transparency for remittances and business payments.
How large is Fasset's transaction volume?
Fasset processes $32 billion in annualized transaction volume and serves more than two million wallets worldwide. Its Own Network spans over 50 banking corridors and 16 blockchain networks across Asia, the Middle East, Africa, and emerging markets.
What products will the partnership offer?
The partnership will deliver stablecoin-enabled debit cards, wallet integrations, cash-to-agent services, and consumer and business solutions. It will also focus on AI-powered cross-border transfers, investments, and automated savings features.
