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Japan's Seven Bank to offer mobile remittances with Singapore's DBS

New app to start with Vietnam this year, with potential to cover 50 countries

Seven Bank's transfer app will let consumers wire money using the lender's 25,000 ATMs in Japan.

TOKYO -- Japan's Seven Bank said Wednesday that it has partnered with top Singaporean lender DBS Bank to provide an app-based international money transfer service.

The wires will be processed over DBS Bank's network, which covers 50 nations, chiefly in Southeast Asia. Seven Bank subsidiary Seven Global Remit aims to first launch the service for Vietnam this winter.

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