RemitAid Adds Thai Baht and Local Thai Bank Accounts to 'Rakuyasu Settlement Transfer' Service

RemitAid Inc. (Headquarters: Shibuya, Tokyo; Representative Director: Hiroyuki Ogawa; hereinafter "the Company"), a company dedicated to "creating a new path for international payments through technology" and providing overseas payment infrastructure, announces the addition of Thailand to its supported currencies and countries for local bank account setup via its international payment platform "Rakuyasu Settlement Transfer."

With this update, businesses using the service can now receive payments in Thai Baht (THB) and utilize local Thai bank accounts that can be shared with Thai trading partners. This enables overseas partners to make payments similarly to domestic transfers within Thailand, allowing Japanese companies to conduct transactions with Thailand more efficiently—reducing typical burdens associated with traditional bank wire transfers, such as high fees, uncertain payment arrival times, and manual deposit verification.

Overview and Value of Thai Baht Support

"Rakuyasu Settlement Transfer" enables Japanese companies to receive payments from overseas partners using local bank accounts—without establishing a local subsidiary or branch office abroad. With this service expansion, companies can now issue local Thai bank accounts to share with their Thai partners, enabling direct receipt of THB-denominated payments.

Traditional international wire transfers often involve multiple fees—including currency exchange and intermediary bank charges—as well as cumbersome procedures for both sender and recipient, long and uncertain processing times, and operational inefficiencies. By using local accounts, overseas partners can make payments as if they were domestic transfers, significantly improving ease of payment. Japanese companies also benefit from clearer and more efficient deposit tracking.

This is particularly valuable for businesses engaged in continuous exports to Thailand or those working with local distributors and corporate clients, as it reduces the administrative burden of payment coordination, confirmation, and collection—contributing directly to smoother sales operations and stable cash flow. Through this enhancement, RemitAid aims to support Japanese companies in building more sustainable international trading environments with Thailand.

Background: Thailand as a Key Trading Partner for Japanese Enterprises

Thailand is a strategically important market for Japanese companies, deeply integrated in manufacturing, logistics, and distribution. According to basic data from the Ministry of Foreign Affairs, Japan's exports to Thailand in 2024 totaled 4.0219 trillion yen, while imports from Thailand reached 3.7383 trillion yen, bringing total bilateral trade volume to approximately 7.8 trillion yen*1.

The number of Japanese companies operating in Thailand has reached 6,083, making Thailand a crucial partner for Japan in advancing Mekong region development*1. According to the Japan External Trade Organization (JETRO), Japan ranked 2nd as Thailand's import partner and 3rd as its export destination in 2024, reflecting sustained and significant trade demand between the two countries*2.

Demand is also growing in the food sector. According to materials from the Ministry of Agriculture, Forestry and Fisheries and JETRO, Japan's agricultural, forestry, fishery, and food exports to Thailand are projected to reach 73.5 billion yen in 2025—ranking 7th globally and representing a 17.1% year-on-year increase*3. For companies across manufacturing, food, e-commerce, and wholesale sectors, ease of payment with Thailand has become a critical operational factor influencing the sustainability of overseas expansion.

*1 Ministry of Foreign Affairs, “Thailand Basic Data” (January 21, 2026): https://www.mofa.go.jp/mofaj/area/thailand/data.html

*2 Japan External Trade Organization (JETRO), “Thailand Trade and Investment Annual Report” (2025): https://www.jetro.go.jp/world/asia/th/gtir.html?media=pc

*3 Japan External Trade Organization (JETRO), “Agricultural and Food Export Support Platform, Bangkok, Thailand” (2026): https://www.jetro.go.jp/ext_images/agriportal/platform/th/pf_th.pdf

Customer Testimonials

Takuro Kojima, Representative Director, Concierge Co., Ltd.

"Our company exports used apparel and other goods to Southeast Asia, including Thailand. In international trade, differences in business practices and payment terms, along with deposit timing and transfer fees, often create operational burdens. For overseas buyers, the time and travel costs of visiting a bank to make a transfer are also significant. Having a payment option like 'Rakuyasu Settlement Transfer,' which allows payments similar to domestic transfers, is extremely user-friendly for buyers. In one case, we achieved cost savings of approximately 30,000 yen on a transaction worth about 1.15 million yen compared to standard bank exchange rates, which our Thai customers greatly appreciated. Reducing payment uncertainty allows companies to focus on their core business. This service is truly reassuring as we expand our international operations."

Hiroyuki Ogawa, Representative Director, RemitAid Inc.

"For Japanese companies, Thailand has long been a vital trading partner, with continuous payment demands across diverse industries—from manufacturing and food to apparel and cosmetics. However, receiving payments from overseas still involves persistent operational burdens, including fees, deposit confirmation, foreign exchange, and communication with partners.

With the addition of local Thai bank accounts, we can now offer a payment environment that makes it easier for Thai partners to pay, while enabling Japanese companies to receive funds faster and at lower cost. Moving forward, we will continue expanding supported currencies and countries, and improving the usability of our payment solutions to create an environment where Japanese companies can confidently pursue international trade."

Official Note Article by Representative Director Hiroyuki Ogawa

To mark the launch of Thai market support, Hiroyuki Ogawa has published a discussion article on his official Note platform, featuring an interview with a CEO of a company already doing business with Thailand. Over dishes of tom yum goong and pad thai, they discuss cultural differences in business practices, practical challenges around payments and deposits, and insights for companies planning to enter the Thai market.

This casual conversation offers authentic, on-the-ground perspectives not fully captured in press releases, sharing candid dialogue between entrepreneurs engaged in international trade. We invite you to read it alongside this announcement.

"Real Talk on Doing Business with Thailand Over Thai Food": https://note.com/remitaid_ogawa/n/na0ff22058c10

Future Outlook

RemitAid will continue expanding the list of supported currencies and countries for "Rakuyasu Settlement Transfer" in line with the evolving needs of Japanese companies engaged in international trade. By enabling faster, cheaper, and more transparent receipt of overseas payments, we aim to support Japanese companies in expanding globally.

Going forward, in addition to expanding country and currency coverage, we plan to enhance overall payment efficiency for international trade—including streamlining deposit confirmation and accounts receivable management, and integrating with accounting and business systems—to improve the overall user experience.

About Rakuyasu Settlement Transfer

"Rakuyasu Settlement Transfer" is a service designed to solve payment and deposit challenges for Japanese companies engaged in international trade. It enables businesses to receive payments from overseas partners using local bank accounts in major countries and regions—without establishing a local entity abroad. The service reduces the high fees, uncertain arrival times, and manual verification efforts commonly associated with traditional bank wire transfers, thereby supporting more efficient international fund collection.

About RemitAid Inc.

• Company Name: RemitAid Inc. • Address: 1-51-1 Hatsudai, Shibuya-ku, Tokyo 151-0061 • Representative Director: Hiroyuki Ogawa • Founded: August 8, 2022 • URL: https://remitaid.co.jp/

[Inquiries Regarding This Release]

For media inquiries or partnership proposals, please contact pr@remitaid.co.jp. *The information contained in this press release is accurate as of the date of publication.