What Forex does

Forex Japan Co., Ltd. is a Tokyo-based, privately held licensed funds transfer service provider founded in December 2012. The company enables international money transfers from Japan to over 200 destination countries, targeting foreign migrant workers in Japan (notably from Nepal, the Philippines, India, Vietnam, and other Asian countries) as well as Japanese residents with cross-border personal payment needs. Its core offering centers on the FJ Pay mobile application (iOS and Android), which handles registration, beneficiary management, and transfers at limits of up to ¥1,000,000 per transaction and ¥5,000,000 per month, depending on verification status.

The platform is built around a mobile-first architecture with LIQUID-powered eKYC for remote identity verification (residence card, My Number Card, or passport with facial recognition), real-time exchange rate display across multiple destination currencies, and multi-channel payout including bank transfer, cash pickup, mobile wallet, and door-to-door delivery. The 2023-launched FJ Pay Card extends fund loading to 30,000+ convenience store ATMs (Lawson, FamilyMart) and bank transfer without requiring a bank account, addressing unbanked or under-banked migrant users. Physical counters at the Ota-ku head office and Shin-Okubo (Shinjuku-ku) provide in-person registration and cash handling. Payout is delivered through partner networks including iSend, iPayRemit, Tranglo, and WithMoney.

Forex Japan generates revenue primarily through tiered transaction fees (¥500–¥2,000 depending on destination and amount tier) and exchange rate margins on JPY-to-destination-currency conversions, operating under a pay-as-you-go model. Distribution is direct-to-consumer via the FJ Pay app, physical counters, and organic social channels (Facebook, YouTube, Instagram, TikTok), with a partner network of registered agents. The company is regulated under the Payment Services Act (Kanto Local Finance Bureau Director No. 00010, Registration No. 00029) and complies with the Act on Prevention of Transfer of Criminal Proceeds and the Foreign Exchange and Foreign Trade Law, securing customer obligations with a statutory performance deposit lodged with the Tokyo Bureau of Legal Affairs.

Name

Forex

Legal name

Forex Japan Co., Ltd.

Website

https://forexjapan.co.jp

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

101–250 employees

Short description

Forex Japan is a Tokyo-based licensed remittance provider founded in 2012, enabling foreign migrant workers and Japanese residents to send money from Japan to over 200 countries via the FJ Pay mobile app, FJ Pay Card, and physical counters.

Ownership category

akta.pro rank

Product category

International Remittance Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

akta.pro primary industry

Consumer P2P International Remittances (FSAGAKAA)

akta.pro secondary industries

Consumer Remittances (P2P) (FSAMAIAA), Remittances & Retail FX (Consumer Cross-Border) (FSABAAAK)

Keywords

• International money transfers
• Remittance services
• Cross-border payments
• Foreign exchange
• Mobile remittance app

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Foreign Exchange & Transfer Fees: Forex Japan charges fixed transfer fees based on destination country and transfer amount tiers. Additional revenue comes from exchange rate margins applied to currency conversions between JPY and destination currencies.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Forex Japan Co., Ltd. is a licensed funds transfer service provider offering international remittance services from Japan to over 200 countries. Customers send money via the FJ Pay mobile app, website, or physical counters, with delivery options including bank transfer, cash pick-up, mobile wallet top-up, and door-to-door delivery. The service is built around real-time exchange rates, eKYC remote onboarding, and a prepaid FJ Pay Card that enables bank-account-free fund loading at 30,000+ convenience store ATMs across Japan.

Product overview

Forex Japan operates as a licensed funds transfer service provider offering a unified remittance platform centered on the FJ Pay mobile application. The core product is the FJ Pay App, which provides online and app-based international money transfers to over 200 countries with real-time processing. This is supported by the FJ Pay Card add-on for convenience store and ATM-based fund loading without a bank account, counter services for in-person support and registration, and eKYC identity verification enabling fully remote onboarding. The product portfolio integrates these modules to deliver an end-to-end remittance experience accessible both digitally and through physical touchpoints across Japan.

Differentiator

Problem solved

Functional benefit

Brands

• FJ Pay Card: A prepaid card allowing users to load funds directly at convenience stores across Japan (Lawson, FamilyMart) or via bank transfer, and remit instantly. Provides 24/7 access at 30,000+ ATMs.
• FJ Pay App

Products and services

• FJ Pay App Mobile application (iOS and Android) enabling secure, fast, and low-cost international money transfers from Japan to over 200 countries. Supports real-time exchange rates, instant processing for most Asian destinations, QR-code-based registration, and biometric authentication via LIQUID eKYC for remote identity verification.
• FJ Pay Card Physical reloadable prepaid card that lets users load funds at convenience store ATMs (Lawson, FamilyMart) or via bank transfer, with instant balance reflection. Enables remittance to over 200 countries and 24/7 ATM access across Japan, designed specifically for users without a Japanese bank account.
• Money Transfer Service International remittance service allowing users to send up to ¥1,000,000 per transaction (¥5,000,000 monthly limit) via bank transfer, cash pick-up, mobile money, or door-to-door delivery. Processes most transfers in real time for Asian destinations.
• Counter Services Physical branch locations in Tokyo (Shin-Okubo Counter and Head Office in Ota-ku) providing in-person registration, identity verification, account support, and cash transactions for customers who prefer face-to-face service.
• eKYC Identity Verification Electronic Know Your Customer system powered by LIQUID eKYC that verifies customer identity remotely via residence card, My Number Card, or passport with facial recognition matching, eliminating the need to visit a physical branch for registration.

Named customers3 records

Segments2 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• Diebold NixdorfcoreTechnology or Integration · 8 April 2026Nordic Forex (separate company from Forex Japan) partnered with Diebold Nixdorf to implement Branch Automation Solutions suite, specifically SMART Managed Services, to upgrade their ATM network across Sweden, Norway, Finland, and Denmark. The technology ensures 24/7 availability and improves operational efficiency for customers at over 90 ATMs.
• Diebold NixdorfcoreTechnology or Integration · 2 April 2026FOREX (Nordic region's leader in travel money and foreign exchange) went live with Diebold Nixdorf's Branch Automation Solutions for end-to-end ATM network management. The solution is powered by Diebold Nixdorf's Vynamic Software portfolio and SMART Managed Services.
• LIQUID (eKYC)coreTechnology or IntegrationLIQUID provides eKYC (electronic Know Your Customer) identity verification technology enabling seamless remote registration without visiting a physical branch. Used for biometric authentication including facial recognition.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• MoneyGram: Large global money transfer operator with broad corridor coverage including Japan outbound. Comparable in delivery methods (bank deposit, cash pickup, mobile wallet) but operates at much larger scale.
• Western Union: Global remittance incumbent with extensive Japan outbound corridor coverage and cash-pickup agent network. Significantly larger scale and brand but overlapping migrant-worker customer base and delivery methods.
• Xoom (PayPal): PayPal-owned international money transfer service offering mobile and web-based remittances to dozens of countries. Competes for similar diaspora sender use cases, backed by PayPal's broader digital wallet ecosystem.

Emerging players

• PaySend: Digital remittance platform with card-to-card and bank-to-bank transfers across 70+ countries including Japan. Comparable migrant-worker target market but smaller footprint and earlier-stage in the Japan corridor.

Direct peers

• Seven Bank: Japan-based financial services subsidiary of Seven & i Holdings, operating international remittance services through its 24,000+ ATM network. Directly comparable in Japan-domestic remittance focus and ATM-based distribution model.
• WorldRemit: Digital cross-border remittance platform serving similar migrant-worker sender demographics across multiple origin markets. Comparable mobile-first, multi-delivery-method model targeting diaspora populations.
• SBI Remit: Japan-based licensed remittance provider affiliated with SBI Group, focused on the same migrant-worker sender base sending from Japan to Asian corridors. Operates under identical Japanese Payment Services Act licensing framework.
• Wise (formerly TransferWise): Global cross-border money transfer and multi-currency account provider. Direct competitor serving migrant workers and individuals sending money internationally, with similar app-first, transparent-fee model and growing Japan presence.
• Remitly: Digital remittance platform targeting immigrants sending money to emerging-market corridors including Philippines, India, Vietnam and Nepal. Closely comparable in customer segment, pricing model and mobile-first distribution.
• GoRemit (Mitsubishi UFJ Nicos): Japan-domestic remittance service operated by Mitsubishi UFJ Nicos under Japanese licensing. Directly competes for the same Japan-based migrant sender segment with similar corridor coverage.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@Fjpay
• Facebookfacebook.com/ForexJapa
• Instagraminstagram.com/forexjapanpay
• TikToktiktok.com/@forexremittance
• Xx.com/ForexJapan1
• LinkedInlinkedin.com/company/forex-japan-co-ltd

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Forex