#Japan #Tokyo #RemitAid #RakuYasu #InternationalPayments

RemitAid Revolutionizes International Payments with RakuYasu

Recently, RemitAid, a company dedicated to transforming international payment systems, officially launched its next-generation payment platform called RakuYasu Payment Transfer. This new service is part of the broader RakuYasu Payment Series, which has already garnered the support of 500 companies and achieved a monthly transaction volume of 1 billion yen.

The Need for Simplified International Transactions

The push for Japanese companies to expand overseas has become increasingly vital, with income from overseas investments reaching a staggering 40 trillion yen. Major corporations and SMEs alike are keen on growing their export businesses, with reports indicating that over half of surveyed companies wish to increase their overseas exports. However, existing international payment systems often pose significant barriers, including high fees, uncertain payment timelines, and complicated paperwork, which hinder the ability of Japanese firms to engage in overseas markets effectively.

RemitAid aims to alleviate these burdens through innovative technology, thereby facilitating easy and low-cost international business transactions. The strategic rebranding to the RakuYasu Payment series coincides with the launch of RakuYasu Payment Transfer, designed to enhance the transaction experience for both small and large businesses venturing outside Japan.

The Solutions Offered by RakuYasu Payment Series

The RakuYasu Payment Series encompasses two significant payment solutions aimed at easing international dealings:

1. RakuYasu Payment Credit Card (formerly Digital Payment Service)

This platform enables instant setup for credit card payments and local major payment methods applicable at overseas trade shows and online negotiations. Companies can start utilizing this service within just two business days without dealing with complicated systems, allowing seamless payment reception. The efficiency and convenience of this solution ensure that businesses do not miss on valuable opportunities.

2. RakuYasu Payment Transfer (officially launched today)

This service allows companies to open local corporate bank accounts without establishing a branch in ten different countries and regions. It significantly reduces fees compared to traditional bank transfers, with reports indicating monthly savings ranging from 200,000 to 300,000 yen. By eliminating intermediary banks, the service brings transparency to payment timelines, thus contributing to a reliable cash flow for businesses.

Future Prospects and Business Development

The launch of RakuYasu Payment Transfer marks a notable milestone for RemitAid, setting the stage for ongoing enhancements in their global payment framework. To achieve a more comprehensive and trustworthy payment infrastructure, the company has outlined three key development areas:

1. Enhanced AI Money Laundering Checks (KYC)
- Adapting to strict regulations, RemitAid will further improve its proprietary AI evaluation system aimed at establishing a safe, fast payment foundation.

2. Global Expansion of Supported Countries and Regions
- The company aims to deepen connections with international payment networks to facilitate transactions in various targeted countries and regions for Japanese enterprises.

3. Extending Money Transfer Services from Japan
- Beyond simply receiving payments from abroad, services will expand to accommodate money transfers from Japan to overseas, creating a comprehensive framework for all monetary transactions associated with international trade.

Through these enhancements, all transactions routed through RemitAid’s platform will yield a wealth of valuable data, enabling the company to refine its service further and provide agile and secure responses to previously challenging transactions.

The cyclical increase in scale and the acquisition of evaluation know-how will fortify the mission of creating new avenues for international payments through technology, thereby supporting the overseas endeavors of Japanese firms more robustly.

Insight from Leadership

Alongside the launch, RemitAid CEO Hirota Ogawa has updated his official note, expressing the company’s commitment to the realm of international payments. In his own words, he shares insights into why RemitAid is pursuing this sector and the pressing need for a new payment infrastructure designed for Japanese enterprises.

For further details, his note can be accessed here.

About RemitAid

Founded on August 8, 2022, RemitAid is headquartered in Shibuya, Tokyo, and is at the forefront of advancing international payment technologies.

• - Company: RemitAid Inc.
• - Location: 1-51-1, Hatsudai, Shibuya-ku, Tokyo 151-0061, Japan
• - CEO: Hirota Ogawa
• - Website: remitaid.co.jp

For inquiries about this release or potential partnerships, please contact [email protected]. This press release reflects information accurate as of the publication date.