HomeApr 2, 2024Jun 5, 2018
Search Results for "Seven Bank"
2 results for "Seven Bank"
Deals 2
Digital Wallet Merges with Seven Bank Subsidiary for Embedded Remittance
Japanese fintech Digital Wallet merged with Seven Global Remit, a subsidiary of Seven Bank, on April 2, 2024. The merger enables Digital Wallet's Smiles Mobile Remittance service at Seven Bank ATMs across Japan. This embedded finance deal expands remittance access through physical banking infrastructure.
SARB and Seven Banks Test DLT Wholesale Payments in Project Khokha
The South African Reserve Bank published the results of Project Khokha, a 14-week proof-of-concept testing distributed ledger technology for interbank wholesale payments using tokenized rand. Seven major South African banks participated alongside ConsenSys and PwC. The project demonstrated feasibility with transaction speeds up to 400,000 tx/sec, marking a milestone for central bank-fintech collaboration in Africa.