Wirex Inks Deal with SBI Holdings to Establish Asia Focussed Joint Venture

Japan cryptocurrency payments card expected soon

Wirex is pleased to report that it has signed a deal with Japan’s foremost FinTech investor, SBI Holdings, to establish a new Asia focussed joint venture, SBI Wirex Asia. The collaboration means that Wirex benefits from SBI Holdings’ support, scale and Asian market relationships. SBI Holdings will achieve access to Japan’s favourite cryptocurrency payments card provider and unrivalled expertise in the world of blockchain based finance.

SBI Wirex Asia will deliver a Japanese cryptocurrency payment card and joint businesses, which benefit from Wirex’s global expertise within the world of Distributed Ledger Technology (DLT), payments and cryptocurrencies.

Pavel Matveev, CEO, Wirex said:

“Our new relationship with SBI Holdings enables us to deepen our already market leading position in the country to offer new Japan and Asia focussed products and services. I look forward to working with the team at SBI.”

“Japanese customers are our most enthusiastic supporters and use our VISA-backed cryptocurrency debit card more regularly than anywhere else in the world. They deserve a Yen denominated card soon and we will deliver it to them.”

The new joint venture, SBI Wirex Asia, follows a previous investment this year of $3 million by SBI Group in Wirex. Wirex and SBI Wirex Asia will work closely together to ensure Japanese customers benefit from Wirex’s global community and expertise with the support of SBI Wirex Asia.

Wataru Kojima, Wirex Japan CEO, said:

“I am pleased to see SBI Holdings enter into a relationship with Wirex, which will offer Japanese customers much improved choice and flexibility when it comes to cryptocurrency payments.

Japan leads the world in bitcoin regulation and our accountants are armed with the tools to accept bitcoin on balance sheets. I will ensure Japan maintains our preeminent position in this space though providing the most innovative and cost-effective technologies globally.”

Wirex is committed to improving and advancing the field of blockchain technologies for all. Last month at Tokyo’s FinTech conference, FIN / SUM Week 2017, Pavel Matveev, Wirex’s Global CEO and Founder, provided industry intelligence and insights to Japan’s FinTech influencers and journalists.

Wirex welcomes Japanese based journalists to meet with Wataru Kojima, Wirex Japan CEO, who can advise on the latest trends and opportunities in the world of cryptocurrencies.

About Wirex Limited

Wirex serves 900,000 customers in more than 130 countries and is in the process of obtaining an e-money license in the United Kingdom. Wirex achieved $1 billion of transaction volume in June 2017 and has offices in London, Tokyo and Kiev. Wirex is expected to offer contactless bitcoin payments, contactless cards, additional currencies and new bitcoin-based financial products in the near future. Wirex is Japan’s most popular provider of cryptocurrency debit cards.

Wirex recently announced at Japan’s FIN / SUM WEEK 2017  that it has significantly disrupted the global payments industry by successfully integrating a multi-asset off-chain liquidity network – W-Pay – powered by smart contract technology, enabling ultra-low cost instant payments on a global scale. This means instant global multi-currency payment solutions, a fully-automated trustless blockchain environment for M2M payments with zero blockchain fees, gateway fees, or customer chargebacks.

About SBI Wirex Asia

Wirex Japan Limited was established in August 2017. This subsidiary of Wirex Limited has applied to register as a virtual currency exchange business pursuant to the Payment Service Act, which the Japanese government amended earlier this year.


Disclaimer: Wirex Limited is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest

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