Digital money transfer service firm WorldRemit has launched online money transfer in Japan.
The launch will enable customers in Japan to transfer money globally using a mobile phone, tablet or computer.
Commenting on the launch, WorldRemit CEO Ismail Ahmed said: "Japan and the broader Asia Pacific region are important parts of our global growth strategy. Remittances are crucial to many people living in this region, and we are very pleased to be able to offer our digital services to customers in Japan. This adds to our current send markets in this region, which provides a very solid base for further expansion into neighbouring countries.”
The number of foreign workers living in Japan exceeded one million for the first time in 2016. These migrants sent $4bn in remittances to family and friends abroad in 2015 alone, according to the WorldBank.
WorldRemit country director for Japan Tsuyoshi Ijichi said: “Japan represents a key market for WorldRemit. We are here to serve the many migrant communities in Japan who send money, offering them more choice and a safer, faster and lower cost service than legacy competitors.”