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RemitAid Co., Ltd., which operates a global payment platform with the mission of “creating a new path for international payments with technology,” is pleased to announce the integration of its overseas payment services under the brand name “Rakuyasu Payment Series,” and the official release of its international payment infrastructure, “Rakuyasu Payment Transfer.”
Driven by the growing needs of companies expanding overseas, the Rakuyasu Payment series has gained increasing support, with a cumulative total of 500 companies using the service and a monthly transaction volume exceeding 1 billion yen. It is increasingly being adopted as a payment infrastructure by many Japanese companies conducting international transactions.
Background: Practical obstacles hindering Japanese companies’ overseas expansion
In the Japanese economy, the shift to a “structure that earns money overseas” is becoming increasingly clear, with income from overseas investments (primary income balance) reaching approximately 40 trillion yen. Not only are large companies already expanding overseas, but small and medium-sized enterprises (SMEs) also have a very high desire to expand exports, with 50.8% responding to a JETRO survey that they “want to increase exports in the future,” indicating that companies of all sizes are accelerating their efforts to enter overseas markets.
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On the other hand, existing international payment systems still face challenges such as high fees, uncertain timing of payments, and cumbersome paperwork, which have become a major practical bottleneck for Japanese companies venturing overseas. To eliminate these “payment pitfalls” through technology and create an environment where everyone can do business with the world “easily and cheaply,” we have unified and refreshed our brand name to “Rakuyasu Payment” in conjunction with the official release of our flagship service, “Rakuyasu Payment Transfer.”
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