back Back

Digital Wallet Corporation acquires Seven Global Remit to streamline remittances in Japan

By Gloria Mathias

February 12, 2024

  • APAC Fintech
  • Cross Border Money Transfers
  • Digital Wallet Corporation

Digital Wallet Corporation, Fintech news,Fintech Solutions, Fintech Acquisitions, Remittances, Seven Global Remit, Seven Eleven Bank, Japan Fintech, APAC Fintech Global IT and FinTech company, Digital Wallet Corporation (DWC), has reached an agreement with Seven Bank, a Japanese bank run by Seven & i Holdings Co. Ltd., to acquire its subsidiary and international money transfer service, Seven Global Remit.

DWC owns and operates Smiles Mobile Remittance (Smiles), known as Japan’s mobile remittance application. This acquisition will allow DWC and Seven Bank to collaborate in redefining and improving the landscape of international money transfer services and financial inclusion for foreign residents in Japan.

With the alliance between DWC and Seven Bank, all Smiles customers will gain access to Seven Bank’s extensive ATM network after the service transition, enhancing convenience. This partnership establishes Smiles Mobile Remittance as the premier choice for foreign residents in Japan, providing access to the country’s ATM network.

In 2014, DWC Founder and CEO Eiji Miyakawa, a former Sony Corporation leader of a cloud technology group, started Digital Wallet with engineers from Sony with the same goal of utilising IT and FinTech to maintain peace and sustain international society. Since its launch in 2017, Smiles Mobile Remittance has assembled a diverse team representing over 13 nationalities, each contributing their talents to deliver exceptional service.

“We started Smiles with the ambition to offer a fair, fast, and affordable remittance service for our hardworking migrant workers,” said Eiji Miyakawa, DWC Founder and CEO, “and because we made it happen, we’ve been receiving mass support from our customers, and now we’re number one in Japan.”

“We’re very grateful that Seven Bank approached us to work with them,” added Miyakawa. “It goes to show how much they trust our expertise in IT and fintech, and we are even more motivated to help the growing number of migrant workers in Japan. Through this alliance, we strive to deliver a better international society with the Seven Bank team.”

Previous Article

February 12, 2024

InsurTech JAVLN appoints Rosalie Lau as Chief Financial Officer

Read More
Next Article

February 12, 2024

Navro (formerly Paytrix) secures EMI license in Ireland

Read More

IBSi Daily News Analysis

bahrain, islamic finance

February 22, 2024

APAC Fintech

What makes Bahraini Islamic Finance industry so robust

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


Visa unveils Singapore Innovation Center to advance payments systems

Read More


MultiPay teams up with to launch Pay By Bank

Read More


UNIPaaS unveils AI payment assistant solution for SaaS platforms

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023