BREAKING TODAY: RippleNet Enabled MoneyTap, Adopted By Three Japanese Banks

SBI Remit Co. application MoneyTap, which is powered by RippleNet has just been adopted by Yamaguchi Bank, Momji Bank, & Kitayushu Bank. MoneyTap is a person-to-person money transfer service. Ripple & SBI Bank first announced the RippleNet enabled mobile app in March 6th, 2018 through a Japan bank consortium containing 61 banks which covers 80% of all banking assets in Japan. Japan has the 3rd largest economy in the world.

[Overview of Money Tap person-to-person money transfer service]
Money Tap is an application for smartphones that realizes safe, instant, and comfortable person-to-person money transfer. In addition to the bank account number, a remittance function using a mobile phone number is also implemented, and by combining online identity verification at the time of account registration and biometric authentication at the time of use, user experience (UX) and security are compatible. I’m here. In addition, Yamaguchi Bank, Momiji Bank, and Kitakyushu Bank ensure high security by performing two-step authentication when linking bank accounts with Money Tap

[Personal remittance service start date for customers of Yamaguchi Bank, Momiji Bank, and Kitakyushu Bank]
April 17, 2023 (Monday)

Our company, which has mainly provided international remittance services centered on remittances to the hometowns of foreign workers living in Japan, integrated the Money Tap business through a merger on September 30, 2022. Going forward, we aim to provide seamless and efficient remittance services to a wide range of customers on a global level, regardless of domestic or foreign exchange.