{"id":3383,"date":"2026-06-18T06:50:21","date_gmt":"2026-06-18T10:50:21","guid":{"rendered":"https:\/\/www.decentralnetwork.org\/news\/?p=3383"},"modified":"2026-06-18T06:50:25","modified_gmt":"2026-06-18T10:50:25","slug":"sbi-remit-partners-with-fasset","status":"publish","type":"post","link":"https:\/\/www.decentralnetwork.org\/news\/sbi-remit-partners-with-fasset\/","title":{"rendered":"SBI Remit Partners With Fasset to Boost Stablecoin Payments"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"628\" src=\"https:\/\/www.decentralnetwork.org\/news\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-18T161653.613.webp\" alt=\"SBI Remit Partners With Fasset to Boost Stablecoin Payments\" class=\"wp-image-3384\" srcset=\"https:\/\/www.decentralnetwork.org\/news\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-18T161653.613.webp 1200w, https:\/\/www.decentralnetwork.org\/news\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-18T161653.613-300x157.webp 300w, https:\/\/www.decentralnetwork.org\/news\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-18T161653.613-768x402.webp 768w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>SBI Remit has joined forces with digital asset platform Fasset to build stablecoin-powered infrastructure aimed at making cross-border payments faster, cheaper, and more efficient. The partnership also lays the groundwork for future financial services, including digital wallets, debit cards, and AI-powered payment tools.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><a href=\"https:\/\/remit.sbi.bank.in\/\" target=\"_blank\" rel=\"noreferrer noopener\">SBI Remit <\/a>and Fasset Join Hands<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Japan-based SBI Remit has announced a new partnership with blockchain financial platform Fasset to expand the use of stablecoins in international payments. The collaboration is designed to improve the speed and cost of cross-border money transfers while supporting a wider range of financial services in the future.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to a press release, the companies will combine SBI Remit&#8217;s extensive remittance network with Fasset&#8217;s blockchain-powered payment infrastructure. Their goal is to offer faster, lower-cost international transactions while improving transparency throughout the payment process.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">SBI Remit, the overseas money transfer arm of SBI Group, has processed more than <strong>JP\u00a52.5 trillion<\/strong> in total transactions since it was launched. Its payment network currently reaches more than <strong>200 countries and territories<\/strong> through partnerships with MoneyGram, Tranglo, banks, and regional payment providers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Meanwhile, Fasset said its platform processes more than <strong>$32 billion in annualized transaction volume<\/strong> and supports over <strong>two million digital wallets<\/strong>. Its Own Network connects more than <strong>50 banking and payment corridors<\/strong> across <strong>16 blockchain networks<\/strong> spanning Asia, the Middle East, Africa, and other regions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Stablecoins to Power Faster Global Payments<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The first phase of the partnership will focus on creating infrastructure for international remittances, treasury management, SME payments, and settlement services.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to both companies, stablecoin-based payment rails can significantly reduce settlement times, lower transaction costs, and provide better visibility into payment flows compared to traditional banking systems.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The agreement also includes plans to launch additional products built around stablecoins. These may include digital wallets, debit card programs, and payment solutions for both consumers and businesses. The companies also plan to support cash-to-agent payment corridors alongside blockchain-based transfers, offering customers more flexibility when sending money internationally.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">AI Could Shape the Future of Financial Services<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Nobuo Ando, Representative Director and Chairman of SBI Remit, said demand for faster and more efficient international financial services continues to grow. He believes stablecoin infrastructure offers a strong opportunity to improve global payment systems.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He noted that combining SBI Remit&#8217;s trusted remittance network with Fasset&#8217;s Own Network creates a foundation for payment, settlement, and financial services that can better serve customers across underserved markets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Fasset CEO and Co-Founder Mohammad Raafi Hossain also highlighted the growing role artificial intelligence could play in financial services. He said AI may eventually assist with money transfers, wealth management, and other everyday financial tasks.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to Hossain, future applications could include AI assistants automatically managing salary payments, moving funds between different currencies, allocating investments, and handling routine financial operations for households and businesses operating across multiple countries.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">SBI Continues Expanding Its Crypto Strategy<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The latest partnership is another step in SBI Group&#8217;s growing involvement in the digital asset sector.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Earlier this month, SBI Shinsei Bank introduced a promotional campaign that allows customers to receive cryptocurrency exchange vouchers redeemable for <strong>Bitcoin, Ether, and XRP<\/strong> through SBI VC Trade alongside traditional deposit interest rewards.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In March, SBI VC Trade also launched a <strong>USDC lending service<\/strong>, enabling customers to lend stablecoins to the exchange in return for yield.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Beyond stablecoins, SBI Group has continued expanding its crypto-related businesses through investment products and exchange operations. The company has been preparing cryptocurrency investment trusts through SBI Global Asset Management as Japan moves toward regulations that could allow crypto investment trusts and spot crypto ETFs by 2028.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">SBI has also explored increasing its stake in crypto exchange Bitbank after integrating Bitpoint Japan into SBI VC Trade earlier this year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The partnership with Fasset comes as Japan continues developing its digital asset regulatory framework. Both companies noted that while tokenized payments and stablecoin adoption are increasing among Japanese financial institutions, many cross-border transactions still depend on traditional banking systems that often involve higher fees and slower settlement times.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Also read : <a href=\"https:\/\/www.decentralnetwork.org\/news\/kalshi-strengthens-compliance\/\" target=\"_blank\" rel=\"noreferrer noopener\">Kalshi Strengthens Compliance With StarCompliance Partnership<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SBI Remit has joined forces with digital asset platform Fasset to build stablecoin-powered infrastructure aimed at making cross-border payments faster, &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"SBI Remit Partners With Fasset to Boost Stablecoin Payments\" class=\"read-more button\" href=\"https:\/\/www.decentralnetwork.org\/news\/sbi-remit-partners-with-fasset\/#more-3383\" aria-label=\"Read more about SBI Remit Partners With Fasset to Boost Stablecoin Payments\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":3384,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9],"tags":[9680,9686,9694,9681,9691,9690,9699,9688,9677,8157,9689,9692,9682,9693,9679,9684,9698,9683,9685,9678,9696,9687,9695,9697],"class_list":["post-3383","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-ai-powered-financial-services","tag-blockchain-payment-corridors","tag-blockchain-remittance-services","tag-cross-border-payment-technology","tag-crypto-payment-infrastructure-japan","tag-digital-asset-payment-infrastructure","tag-fasset-blockchain-remittance-platform","tag-fasset-own-network-blockchain","tag-fasset-stablecoin-payment-infrastructure","tag-future-of-stablecoin-payments","tag-international-stablecoin-transfers","tag-japan-crypto-regulations-2026","tag-japan-stablecoin-remittance-network","tag-sbi-group-crypto-expansion","tag-sbi-remit-and-fasset-collaboration","tag-sbi-remit-blockchain-payments","tag-sbi-remit-international-money-transfer","tag-sbi-remit-stablecoin-partnership","tag-sbi-vc-trade-usdc-lending","tag-stablecoin-cross-border-payments","tag-stablecoin-digital-wallets","tag-stablecoin-payment-solutions","tag-stablecoin-settlement-services","tag-stablecoin-treasury-management","resize-featured-image"],"jetpack_featured_media_url":"https:\/\/www.decentralnetwork.org\/news\/wp-content\/uploads\/2026\/06\/Untitled-design-2026-06-18T161653.613.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/posts\/3383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/comments?post=3383"}],"version-history":[{"count":1,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/posts\/3383\/revisions"}],"predecessor-version":[{"id":3385,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/posts\/3383\/revisions\/3385"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/media\/3384"}],"wp:attachment":[{"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/media?parent=3383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/categories?post=3383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/tags?post=3383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<!-- This website is optimized by Airlift. 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