UTC-05:00,Tuesday , March 26th 2019

Japanese Insurance Company May Invest in Digital Currency-Based Firm to Carry out International Remittance & Settlement Business

07:48 Thursday , November 08th 2018
SOMPO Holdings, Inc., a Japan-based insurance holding company, will launch the overseas remittance and settlement business between companies in 2019. They are to invest in an IT company that handles international remittance with digital currency, aiming to develop services that are integrated with insurance. It will be the first time for Japanese insurance companies to enter the field of the remittance and settlement business.