Our Inbound Remittance Service “PayForex Incoming”
- Unified management system of incoming remittance to Japan from overseas banks and fund transfer providers
- For payment instructions before 11:00 AM (JST) the funds arrive in the same day, with fees lower than those required for bank-to-bank remittances
- Our bi-directional API can be customized to link with your system quickly
From overseas to Japan : Funds can be sent to virtually any bank in Japan
PayForex Incoming is a P2P (Peer-to-Peer) inward remittance service that operates on bi-directional connections between foreign banks including fund transfer service providers and our PayForex system, which does not use the existing infrastructure for international bank-to-bank remittances.
As a result, the fees for the receiving bank are free of charge, and the time required for the funds to arrive at the beneficiary account is shorter.
Also, anti-money laundering (AML) measures on our system serve to authenticate the validity of the account to which money is being sent.
This reduces the risk of funds being returned to sender.