Digital Wallet Corporation (DWC), has reached an agreement with Seven Bank, Ltd. to acquire its subsidiary and international money transfer service, Seven Global Remit, Ltd. DWC owns and operates Smiles Mobile Remittance (Smiles). This acquisition will allow DWC and Seven Bank to collaborate in redefining and improving the landscape of international money transfer services and financial inclusion for foreign residents in Japan. The agreement concluded on 9 February 2024.

Customers currently using Seven Global Remit's service are scheduled to transition to Smiles sequentially. Seven Bank and Digital Wallet will promptly inform their customers regarding the service transition as soon as it is determined. With the alliance between DWC and Seven Bank, all Smiles customers will gain access to Seven Bank's extensive ATM network after the service transition, significantly enhancing convenience.

This partnership establishes Smiles Mobile Remittance as the premier choice for foreign residents in Japan, providing unparalleled access to the country's large ATM network and setting its position as the number one service in the market. Smiles aligns its service with evolving needs, providing an array of features to offer convenience for its customers including the option for direct remittances from over 50 thousand ATMs in Japan. In addition to Lawson Bank, Japan Post (Yucho) Bank and AEON Bank's ATMs, Seven Bank's network of 27 thousand ATMs will make Smiles Mobile Remittance Japan's largest ATM network, beating all competitors in the market.

This will also enable customers to easily deposit funds into their accounts and send money to over 200 countries worldwide using their smartphones.