Fasset Fasset × SBI Remit SBI Remit

Strategic Partnership Proposal

A new cost structure
for Japan's remittance market

$420,000

in annual pre-funding cost eliminated — at target reduction

60-day deployment ¥30B monthly volume in scope 50–70% pre-funding cost reduction Visa-certified card infrastructure
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Market Reality

At this volume,
every basis point is a decision

0 /mo
Individual transactions processed monthly
Avg. ~$450 per transaction
¥0
Monthly total volume (incl. MoneyGram)
$120–150M USD equivalent
0
Migrant workers — now staying up to 10 years
Family reunification eligible after year 5

The Cost Problem

$50,000 a month
earning nothing

Pre-funding is the structural inefficiency no one challenges because it's always been there. Stablecoin settlement removes it entirely.

Funding Cost In Scope
2.60 bps
$30,000 / month
47% of total cost
Guarantee Deposit Partial
1.67 bps
$20,000 / month
30% of total cost · Ministry of Law
FX Spread Out of Scope
1.26 bps
$6,000 / month
23% of total · MoneyGram managed, JPY settled
Current Structure
5.53 bps
$56,000 / month
$672,000 / year
With Fasset
at 70% reduction
With Fasset (Target)
2.54 bps
$21,000 / month
$420,000 saved per year
Guarantee deposit treatment subject to Ministry of Law review. Conservative scenario (50%) assumes partial substitution — Ando-san validation required.

Scenario Modeling

Move the slider.
Own the number.

Monthly transaction volume $135M USD/month
$120M · floor $150M · ceiling
Conservative
50%
Pre-funding reduction
$300,000
annual saving
From 4.27 bps → 2.14 bps
Base Case
60%
Pre-funding reduction
$360,000
annual saving
From 4.27 bps → 1.71 bps
Target
70%
Pre-funding reduction
$420,000
annual saving
From 4.27 bps → 1.28 bps
Selected scenario — annual saving
$300,000
Total cost drops from 5.53 → 3.40 bps
38.5% total cost reduction At $135M/month · 300K transactions

Guarantee deposit treatment (1.67 bps, $20K/month) is subject to Ministry of Law regulatory review. The 50% conservative scenario assumes partial substitution. Full preservation narrows the range. Ando-san's cost validation confirms the precise figure.

Fasset SBI Remit
••••  ••••  ••••  2034
Expires
08 / 27
Cardholder
SBI REMIT MEMBER
Visa

Co-Branded USD Card

The product that turns
a remittance into
a relationship

Workers on 10-year visas are building multi-currency lives. A co-branded USD card extends SBI Remit's reach from the transfer moment to every daily transaction — loyalty, spend, savings.

  • Virtual card — Day 1 In-app, within the existing SBI Remit experience. 60-day end-to-end.
  • Apple Pay + Google Pay Accepted at 150M+ merchants globally. ATM withdrawal on physical card.
  • Loyalty program — July 2026 JAL airline miles + hotel points on every USD spend. Retention built in.
  • Dual-currency JPY + USD One card, two rails. 30 SBI regional bank partners eligible for co-distribution.

60-Day Path

60 days to first settlement.
July to market position.

W1
Week 1 – 2
Technical Alignment
API docs, sandbox access, KYC flow integration design. SBI engineering scoping session.
API Spec Sandbox KYC Review
W3
Week 3 – 5
Integration Build
Virtual card module embedded in SBI Remit app. Stablecoin rail configuration per corridor.
Build Sprint Rail Config
W6
Week 6 – 7
UAT + Compliance
Japanese-language UI validation, legal review of stablecoin settlement, guarantee deposit position confirmed.
UAT Legal JP UI
D60
Day 60
Go-Live
Virtual card live. First stablecoin settlements. Cost reporting against 5.53 bps baseline begins.
Live Cost Tracking
JUL
July 2026
Loyalty Launch
JAL miles and hotel points activate. Physical card ships. 30 regional bank co-distribution reviewed. The product that started as a cost fix becomes a distribution asset.
JAL Miles Physical Card 30 Banks
Pilot Corridor Fit
🇻🇳
Vietnam
Largest corridor · Bank transfer
Rail-ready Phase 1
🇮🇩
Indonesia
2nd corridor · Bank transfer
Rail-ready Phase 1
🇵🇭
Philippines
GCash growing · Dual-side
Recommended pilot
🇯🇵
JP Nationals
Education / USD savings
Card upsell target

Next Steps

Clear ownership.
One activation date.

SBI Remit SBI Remit Review
  • Validate 50–70% cost reduction against full internal cost model
  • Confirm Ministry of Law guarantee deposit treatment under stablecoin settlement
  • Marketing team review: USD card product concept and audience segments
  • Assess co-distribution interest across 30 regional bank partners
Fasset Fasset Delivers
  • Sandbox API access and virtual card integration technical specification
  • Per-transaction cost model (supplementing aggregate bps analysis)
  • JAL partnership status and loyalty program go-live readiness confirmation
  • Philippines pilot corridor recommendation with dual-side card integration plan
Joint Actions
  • Email exchange resolving outstanding technical and cost questions
  • Formal follow-up meeting after SBI internal review concludes
  • Agree pilot scope: one corridor, defined volume, 60-day measurement window
  • Define success metrics: cost bps achieved, card activations, transaction volume
$420K
Max annual saving
at target reduction
60d
Card live in app
end-to-end
2.54
New total bps
vs 5.53 today
150M+
Visa merchants
card acceptance

The Window Is Open

The corridor is selected.
The cost case is built.
The only variable is timing.

One corridor. 60 days. $300K–$420K annual savings confirmed at go-live. The next meeting determines whether this quarter starts the clock.

Validate the Cost Case Confirm the Pilot Scope →