#Japan #Tokyo #Ashikaga Bank #Queen Bee Capital #PayForex

Enhancing Overseas Remittance Services: Queen Bee Capital and Ashikaga Bank Partnership

In a significant move to improve overseas remittance services, Queen Bee Capital (based in Minato, Tokyo) and Ashikaga Bank (headquartered in Utsunomiya, Tochigi) have signed a business partnership. Starting from September 10, both companies will work together to promote the use of Queen Bee Capital’s overseas remittance service, PayForex. This collaboration aims to extend the reach of PayForex and introduce it to new users.

The Partnership Explained

The partnership will primarily focus on facilitating small remittances (under ¥1 million) for individual customers who wish to send money abroad. By collaborating with Ashikaga Bank, Queen Bee Capital aims to streamline the remittance process, making it accessible, fast, safe, and reliable for users who require services such as sending living expenses abroad.

To celebrate this collaboration, new accounts created through Ashikaga Bank will benefit from a special coupon waiving the initial remittance fee.

Rationale Behind the Collaboration

The need for overseas remittance services has surged in the Kanto region, especially among foreign residents and companies hiring foreign talent. This partnership seeks to satisfy the growing demand for quick and effective remittance options for amounts under ¥1 million, particularly for residents needing to send money for living expenses.

Ashikaga Bank intends to facilitate a smoother cross-border remittance experience, thereby contributing to the growth of the regional economy and enhancing the quality of life for foreign residents in the area. Previously, Queen Bee Capital had collaborated with Joyobank to cater to the remittance needs of foreign workers in Ibaraki Prefecture. This latest partnership with Ashikaga Bank allows for an extensive remittance infrastructure that supports foreign workers and their families across Tochigi and Ibaraki prefectures.

Future Goals

The collaboration aims not only at enhancing user convenience and processing efficiency at Ashikaga Bank but also at attracting new customers for Queen Bee Capital. By promoting the advantages of using PayForex, the goal is to attract individuals who haven't used overseas remittance services before, showcasing how user-friendly, fast, affordable, and safe the platform is.

Additionally, through these efforts, Queen Bee Capital plans to support the quality of life for foreign residents in the Kanto region, building a solid foundation for remittance services while fostering improved living standards for both communities and international talents.

About Queen Bee Capital

Founded in 2007 and registered as a remittance service provider in 2011, Queen Bee Capital is a fintech company that focuses on international money transfer solutions. With a commitment to leveraging global financial knowledge and advanced IT capabilities, they work to meet the needs of cross-border payment demands while providing innovative financial services.

Company Overview:

• - Name: Queen Bee Capital Co., Ltd.
• - Website: Queen Bee Capital
• - Founded: September 2007
• - CEO: Shenbo Huang
• - Capital: ¥576,905,000 (including capital reserves)
• - Location: 22F, Sumitomo Realty & Development Roppongi Grand Tower, 3-2-1 Roppongi, Minato, Tokyo
• - Business: Fund transfer operations, e-commerce site management, and payment solution development
• - Registration: Kanto Finance Bureau No. 00010
• - Affiliations: Member of the Japan Payment Providers Association and the Fintech Association.

About Ashikaga Bank

Ashikaga Bank, established in 1895, has been a cornerstone of financial service in the Tochigi region for many years, known for its commitment to community service and support for local businesses.

• - Website: Ashikaga Bank