SBI Remit (SBIR), Japan’s leading international remittance provider under the SBI Group, has partnered with Fasset, a global neobank and investment platform powered by stablecoins, to build the next generation infrastructure for global payments and funds transfer.
This partnership combines SBIR’s proven remittance infrastructure with Facet’s growing digital ecosystem, which processes USD 32 billion in annual transaction volume and serves more than 2 million wallets worldwide.
The partnership will focus on integrating SBI Remit’s distribution reach with Facet’s proprietary network, a unique infrastructure layer spanning over 50 banking corridors and 16 blockchain networks across Asia, the Middle East, Africa and other emerging markets.
The companies will offer a stablecoin-powered payment rail designed to increase payment speed, reduce transaction costs, and improve transparency in remittances, corporate payments, and financial operations.
“As the demand for faster and more efficient cross-border financial services continues to grow, we believe that stablecoin-based infrastructure has great potential to enhance international capital flows,” said Nobuo Ando, Chairman and Representative Director of SBI Remit. “Together, we are building a foundation for payments, payments and financial services that can better serve customers across untapped borders and markets.”
SBIR and Facet also share a vision for an AI-powered financial future that allows individuals to automate cross-border transfers, investments, and savings. Families can manage finances across multiple countries through a conversational interface. It also allows businesses to automate payments and financial operations around the world.
The partnership extends beyond remittances to a broader suite of financial products, including stablecoin-enabled debit cards, wallet integrations, cash pick-up agent services, and consumer and business solutions that support everyday financial activities, from payments and savings to investments.
Mohammad Raafi Hossain, CEO and co-founder of Facet, said, “Global finance is entering a new era, and the movement of funds will be powered by AI.” “AI agents will increasingly become economic participants, helping people move money, manage assets, and access opportunities that were previously fragmented or unavailable. We are working with SBI Remit to build the infrastructure layer that will enable this.”
The move comes as Japan continues to modernize its financial environment through progressive digital asset regulations and increased institutional interest in stablecoins. As cross-border payments remain constrained by legacy systems and fragmented infrastructure, this partnership aims to accelerate the transition to more efficient digital financial networks.
Beyond initial deployment, SBI Remit and Facet will collaborate on market expansion, product development and regulatory engagement.
The partnership is expected to strengthen Facet’s presence in one of the world’s most important remittance channels, while connecting SBI Remit’s network to regulated digital asset infrastructure across major destination markets.
