WasabiCard has formally entered into a strategic partnership with SOUSHIN LTD to jointly promote the digitalisation of traditional retailers in Japan and the adoption of stablecoin payments. The founders, who visited Japan, stated their intention to strengthen the cooperation between the two companies.
Singapore-based international payments infrastructure company WasabiCard formally entered into a strategic partnership agreement with SOUSHIN LTD after its founders, Ray Yang and Fire Liu, visited Japan. The two companies agreed to deepen their cooperation in the digitalisation of traditional retailers in Japan and stablecoin payments.
WasabiCard provides global payments infrastructure and offers an integrated solution connecting digital assets using stablecoins with financial applications in the real world. The company has provided services to more than 500 corporate customers, issued over 500,000 cards and processed cumulative transaction volume exceeding US$1 billion.
The partnership aims to combine WasabiCard's payments infrastructure and stablecoin payments technology with the resources of SOUSHIN LTD, which has an ecosystem spanning retail and trading companies in Japan, to promote the integration of digitalisation in Japan's retail sector with next-generation payment methods.
SOUSHIN LTD has been involved in the digital transformation of the Japanese market as a strategic partner to companies including FamilyMart, Itochu and Don Quijote. Through the partnership, the company aims to enhance cross-border payments and payment experiences in Japan's retail sector.