Cross-border payment transaction processor Earthport has forged an agreement to enable cross-border services for Japan Post Bank, one of Japan’s largest retail banks.
The partnership will enable the bank to provide improved customer experience and reach for cross-border consumer remittances. Japan Post Bank provides consumers with financial services through a network of local post offices and ATM’s throughout Japan.
Japan Post Bank is a member of Eurogiro, the global electronic funds transfer system between the postal services of the member countries. This service allows funds movement to and from post banks with maximum security.
In this partnership, Earthport will provide Japan Post Bank with access to incremental capabilities and reach for customers who need expanded cross-border remittance services. Earthport is also in talks with a number of other post banks regarding the provision of cross-border services.