Terms of Use (Japan)

Last updated: 15 August 2023

These Terms of Use are intended to set forth matters in relation to the use of the overseas remittance services (hereinafter referred to as the "Services") provided by Wise, the trading name of Wise Payments Japan K.K. (hereinafter referred to as "WPJ" or the "Company"). Customers remitting money using the Services (hereinafter referred to as the "Remitters") and customers receiving such remittances (hereinafter referred to as the "Payees". The Remitters and the Payees are hereinafter collectively referred to as the "Users") are asked to carefully read these Terms of Use when registering to use the Services and agree to all provisions set forth herein before using the Services.

This is the Company's Terms of Use translated into English. If you prefer, you may also view the original Terms of Use written in Japanese. (日本語版の利用規約はこちらをご確認ください。)

Depending on the Services you choose to use with us, additional terms and conditions may apply, as communicated to you at the appropriate time.

Article 1 (The Company and its Affiliate)

  1. The Company is a Type 2 Funds Transfer Services Provider registered with the Prime Minister under the Payment Services Act (Act No. 59 of June 24, 2009; hereinafter referred to as "the Payment Services Act") (registration no: Kanto Local Finance Bureau no. 00040).
  2. Wise Payments Limited (hereinafter referred to as "Wise", registered in England and Wales (company number 07209813) with its registered office at TEA Building 56 Shoreditch High Street London E16JJ), which provides the Services jointly with the Company, is a payment services provider registered as a money services business by Her Majesty's Revenue and Customs (HMRC) and under the supervision of the United Kingdom Financial Conduct Authority (FCA), and therefore Wise is not a bank.
  3. The main business of Wise is money transfer and provision of services for making foreign currency payments internationally. The main trading address of Wise is 6th Floor TEA Building 56 Shoreditch High Street London E16JJ, UK.

Article 2 (Handling of Personal Information)

  1. The Company will handle the personal information of The Users in accordance with its "basic policy on the safety management of personal data" and "user information handling regulations".
  2. The Company shall take the necessary technical measures to protect the personal information of the Users and endeavor to retain personal information in strict confidence. The Company will store the passwords of the Users in encrypted form, and protect the personal information transferred between the Company website and the Users' browsers using SSL encryption. The Users shall confirm the server certificate of the Company in their browser when sending personal information to the Company.
  3. Please refer to the following webpage for more information on the Company's privacy policy: https://wise.com/jp/privacy-policy-english. By using our Services, you consent to such collection, use, disclosure, and processing, and you warrant that all data provided by you is accurate

Article 3 (Transaction History)

With respect to transactions in which remittance requests were made, the Remitters may access their past transaction history by logging into the Company website and clicking the "Account" tab.

Article 4 (Prohibition of Duplicate Accounts)

The Company may reject the registration of multiple accounts by a single User for reasons relating to operational efficiency and user identification. The Company shall be entitled to close or merge multiple accounts created by a single User without prior notification to said User.

Article 5 (Eligibility)

  1. Use of the Services by persons under 18 years of age is prohibited. Accounts registered by the Users who have misrepresented their age shall be invalid.
  2. The Users who have registered to use the Services as an individual may not allow a third party to use the Services from their personal account. In addition, the Users are strictly prohibited to utilize the Services on behalf of a third party.

Article 6 (Identity Verification)

  1. The Company will perform the identity verification prescribed in the Payment Services Act and other relevant laws and regulations upon the Users' registration for the Services from the perspective of preventing money laundering and the like. The Users shall submit the identity verification documents prescribed by the Company in the manner prescribed by the Company at this time. The Users shall provide true, accurate and up-to-date information to the Company and in case of any change of information provided the users shall provide them to the Company.
  2. The Company shall be entitled to access information from various public and private databases in order to verify a User's identity in the preceding section.
  3. The Company shall be entitled to refuse User registration and remittance requests at its discretion taking into consideration the information referred to in the two preceding sections and any other additional information.

Article 7 (Contents of the Services)

  1. The Company will execute an overseas remittance for the amount specified by the Remitter to the Payee nominated by the Remitter based on the remittance request submitted by the Remitter and in accordance with these Terms of Use. A remittance service agreement shall be established between the Company and the Remitter upon the Remitter's submission of a remittance request on the Company's website and the Company's receipt of the remittance amount and the transaction fees set forth in Article 11 from the Remitter.
  2. Even in the event the Company has outsourced operations involved in the performance of the Services to third parties under Article 13, the remittance service agreement set forth in the preceding paragraph shall remain effect between the Company and the Remitter and shall not affect the rights and obligations of the Company and the Remitter.

Article 8 (How to Use the Services)

  1. The Remitter shall specify the remittance amount or the amount receivable and submit a remittance request to the Company by one of the following methods
    1. Designation of amount receivable: The Remitter will specify the amount receivable in the local currency of the Payee, and the remittance amount in the local currency of the Remitter will be calculated based on such amount receivable.
    2. Designation of remittance amount: The Remitter will specify the remittance amount in the local currency of the Remitter, and the amount receivable in the local currency of the Payee will be calculated based on such remittance amount.
  2. The Company will use its own set exchange rate when calculating the remittance amount or the amount receivable. The Company will take reasonable measures when setting its exchange rate to be synchronized with the mid-market rate on the global currency markets. However, the exchange rate set by the Company is based on various sources of information and the Company does not guarantee it will be synchronized with the mid-market rate at a specific point of time. The Company assumes no liability for any reduction to the amount receivable as a result of fluctuations in the currency exchange market.
  3. The Company does not take any margin or spread on the exchange rate from the perspective of clarifying the transaction fees, hence there are no buy and sell rates. The exchange rates offered to the Remitter and Payee are identical. The Remitter shall be entitled to set the minimum exchange rate to be used in the currency conversion; this allows the Remitter to manage against the risk of unexpected exchange rate fluctuations. A remittance request submitted by a Remitter will be converted based on the exchange rate(s) offered by the single trading partner or multiple trading partners selected by the Company at that time. In such case, the effective exchange rate ultimately applied to the remittance will be calculated from the weighted average of the exchange rates offered by all these trading partners of the Company. For the latest conditions for guaranteed rate please refer to this page.
  4. After submitting a remittance request, the Remitter shall transfer the remittance amount and transaction fees to the bank account designated by the Company. In the case of the method referred to in item (1) in section 1, the remittance amount shall be calculated from the minimum exchange rate set by the Remitter. The Company shall subsequently refund any difference between this remittance amount calculated from the minimum exchange rate set by the Remitter and the actual amount remitted to the payment option selected by the Remitter.
  5. The upper transaction limit for payments utilizing the Services is 1,000,000 yen (not including transaction fees) or the foreign currency equivalent thereof. The maximum amount to be received by the Payee in local currency varies in accordance with the exchange rate applied at the time of remittance processing by the Company.
  6. Remittances shall be processed by the Company after verification of the Remitter's identity under the preceding Article and the transfer of the necessary remittance amount and transaction fees by the Remitter under section 4. The amount transferred by the Remitter to the Company will be refunded to the payment option selected by the Remitter in the event the remittance request has been cancelled by the Remitter or refused by the Company. The Company may refuse a remittance request if the Remitter's registered name or address, etc. does not match the Remitter's payment details (e.g. bank account details). In this case, the Remitter shall pay a predetermined additional administration charge, and the Company may deduct such charge from the amount deposited by the Remitter.

Article 9 (Use of the Services)

  1. The Remitters using the Services for the first time will be required to register for the Services. Said user registration procedures will be completed upon verification of the Remitter's identity through the Remitter's submission of the identity verification documents detailed in paragraph 1 of Article 6 to the Company. Registered users will not be required to submit identity verification documents each time they subsequently make a remittance.
  2. The Users registering for the Services will specify a user ID and password. The Users shall strictly manage their user ID and password on their own responsibility to ensure their user ID and password are not known to any third party. The Company assumes no liability for any damage suffered by Users as a result of a third party coming to know the User's user ID and password.
  3. The term of the agreement for the Users registering for the Services shall be three (3) years. The agreement shall automatically be renewed for a further three (3) years provided the Users have not requested cancellation of the agreement during its term, and the same shall apply thereafter.
  4. The Users will not be charged any cancellation fee, etc. in the event they have requested cancellation of the agreement during its term.
  5. Registered Users can check remittance details, etc. on their user transaction confirmation page.

Article 10 (User Obligations)

  1. The Remitters are responsible for ensuring that the information provided at the time of submitting a remittance request is accurate. Transactions cannot be cancelled once a remittance request has been executed by the Company. The Company assumes no liability in any way for any loss suffered by the Users as a result of transactions executed in accordance with the instructions of the Remitter.
  2. The Users noticing any abnormality when sending or receiving a remittance utilizing the Services shall be obliged to inform the Company immediately via the following:
    Inquiry Form:
    Customer Support (phone):
    0800-080-4317 (Toll Free) / 050-3161-3745 (Paid)
    The Users who have received a payment over and above what they were expecting must immediately notify the Company so that arrangements can be made to immediately return any overpayment.
  3. The Users shall not use the Services for unlawful activity. The Company reserves the right to investigate any suspicious activity or unlawful activity of the Users in response to any complaints or reported violations. If, as a result of its investigation, the Company determines that there have been unlawful activity or suspected unlawful activity, the Company shall be entitled to provide information related to remittances, including personal information, to regulatory agencies and other individuals or organizations as necessary.

Article 11 (Transaction Fees, etc.)

  1. The Company will charge a transaction fee ranging from one (1) yen to ten percent (10%) of the remittance amount on each remittance transaction made utilizing the Services. The actual transaction fee will be displayed on the screen when a remittance request is made.
  2. The Remitters shall be obliged to pay additional administration charges required for refund in any of the following circumstances. The Company may deduct these additional administration charges from the amount deposited by the Remitter:
    1. When the banks or clearing providers used to provide the Services have refused the remittance transaction due to incorrect information provided by the Users, their regulatory requirements or any other valid reason;
    2. When the Payee's account is invalid and remittance is not possible; or
    3. In the case set forth in section 6 of Article 8.
  3. In the event the contents of the remittance have been changed following the establishment of a remittance service agreement pursuant to the provisions of paragraph 1 of Article 7, the Remitter shall be obligated to pay the additional fees required for such change up to 1,200 yen. The Company may deduct the additional fees from the amount of money to be transferred by the Remitter.
  4. In addition, the Company may charge you a variable fee during periods of potential heightened volatility or unpredictability in the foreign exchange market, as determined by the Company. We will let you know if this fee is applicable when you set up your order, for more information see here.

Article 12 (Standard Performance Period)

The standard performance period up until receipt of the money in the Payee's account may vary depending on the country in which the Payee's bank account is located. The detailed performance period will be displayed on the screen when a remittance request is made.

Article 13 (Outsourcing)

The Company may outsource operations involved in the performance of the Services to third parties as it deems necessary.

Article 14 (Communication between the Users and the Company)

Circumstances may arise that necessitate the exchange of information in writing between the Company and the Users. For this reason, The Users shall, upon agreeing to these Terms of Use, agree to the exchange of information with the Company by electromagnetic means by the way of either e-mail or notification on the Company's website.

Article 15 (Disclaimer)

  1. The Company assumes no liability for any loss suffered by the Users as a result of its inability to execute remittance transactions or delayed remittances as a consequence of disruption and delays of Internet communications, force majeure such as disasters, trouble and war, etc., legal restrictions, measures implemented by the government and public institutions such as courts and any other circumstances not attributable to the Company.
  2. The Company shall be entitled to suspend or interrupt provision of the Services without prior notice if it deems so necessary in order to carry out system maintenance or as a result of faults in communications lines, means of communication and computers, etc. The Company assumes no liability for any loss suffered by the Users as a result of its suspension or interruption of the provision of the Services.
  3. The Company assumes no liability for any loss suffered by the Users based on its refusal to provide the Services pursuant to the provisions set forth in Article 22.

Article 16 (Compensation)

  1. Notwithstanding the provisions of Article 15 above, when theft of your device on which you use this service or the theft or fraud of information related to your password or other reasons and when the TWJ determines the stolen device or password has been illegally used by a third party, TWJ will compensate in accordance with our “Compensation Policy” if you performs all the procedures in the “Compensation Policy.”
  2. Please refer to the "Compensation Policy" for the detailed compensation system of TWJ such as the method of filing a compensation request, cases that are not covered, etc. By using our service, you agree to the "Policy of Compensation for Damages by Frauds, etc.".

Article 17 (Issuance of Receipts)

  1. In the event that the Remitters submit a remittance request and a remittance service agreement is established under the provisions of Article 7, the Company will issue a receipt to the Remitter detailing the contents of the remittance request and the remittance amount, etc.
  2. The receipt referred to in the preceding section shall be provided to the Remitter by electromagnetic means (email, Company website).

Article 18 (Prevention of Confusion with Foreign Exchange Transactions Performed by Banks, etc.)

The Users shall use the Services with an understanding of the following contents:

  1. The Services differ from foreign exchange transactions performed by banks, etc.;
  2. The Services do not constitute the acceptance of deposits, savings or fixed time deposits by the Company;
  3. The Services are not subject to the payment of insurance prescribed in Article 53 of the Deposit Insurance Act or Article 55 of the Agricultural and Fishery Cooperation Savings Insurance Act;
  4. The Company takes the following measures to protect the full amount of funds remitted by the Users based on the Payment Services Act:
    1. Trust agreement: JSF Trust and Banking Co., Ltd.
    2. Bank Guarantee agreement: Citibank N.A. Tokyo branch
  5. A system of security deposits for providing funds transfer services is established under the Payment Services Act to protect the Users, and the Users can receive refunds under this system should the applicable circumstances arise
  6. In principal, the Users entitled to receive a refund pursuant to the provisions of the preceding item shall be the Remitters. However, the right to receive said refund will be transferred from the Remitters to the Payees at the point when the Payees access the Company's system and accept the remittance from the Remitter.

Article 19 (Contact Address Responding to Complaints and Requests for Consultation from the Users)

Address: 1-6-1 Otemachi, Chiyoda-ku, Tokyo, 100-0004 Japan
Customer Support: Inquiry Form or Phone: 0800-080-4317 (Toll Free) / 050-3161-3745 (Paid)
Business hours: 9:00 - 17:00 (Monday to Friday. Closed on weekends and public holidays)

Article 20 (Elimination of Anti-Social Forces)

  1. The Remitters represent that neither they themselves nor the Payees designated by the Users correspond to any of the items set forth below at present as well as affirm that neither they themselves nor the Payees designated by User will correspond to any of the items set forth below in the future:
    1. An organized crime group;
    2. A member of an organized crime group;
    3. A quasi member of an organized crime group;
    4. A company related to an organized crime group;
    5. Corporate racketeer (Sokaiya in Japanese), etc., groups or individuals who disguise themselves as/claim to be social movements or political activities, and special intellectual violence groups; or
    6. Another party equivalent to the preceding items.
  2. The Users covenant that they will not engage in the following acts either themselves or by employing a third party:
    1. Making violent demands;
    2. Making unreasonable demands beyond the scope of legal responsibility
    3. Employing threatening words and actions or resorting to violence in connection with transactions;
    4. Damaging the credit of the Company by circulating rumors or utilizing fraudulent means or power, or interfering with the business of the Company; or
    5. Any other acts equivalent to the above.

Article 21 (Measures for the Handling of Complaints and Resolution of Disputes)

Following external organizations may be used for complaints and disputes concerning the money transfer business. For general inquiries, please contact Wise customer support at Article 19.

  1. Complaint Processing Procedures
    Japan Payment Service Association “Customer Hotline”
    Tel: 03-3556-6261
    The process used by the Association to handle inquiries and complaints can be found at the URL below.
  2. Dispute Resolution Procedures
    Tokyo Bar Association Dispute Resolution Center Tel: 03-3581-0031
    Daiichi Tokyo Bar Association Arbitration Center Tel: 03-3595-8588
    Daini Tokyo Bar Association Arbitration Center Tel: 03-3581-2249
    Phone: +081 3 3556 6261, 9:30am to 5:30pm (JST) weekdays.

Article 22 (Refusal of Services Provision)

The Company may, without prior notice, refuse to provide the Services to the Users if it determines that the Users correspond to any of the following items:

  1. The Users who have engaged in acts in violation of laws and these Terms of Use;
  2. The Users who correspond to any of the items enumerated in section 1 of Article 20, who have engaged in any of the acts enumerated in section 2 of the same Article, or who are discovered to have made false representations and affirmations based on the provisions of section 1 of the same Article;
  3. The Users in relation to whom the Company has exercised its rights set forth in the provisions of section 3 of Article 6;
  4. The Users whose registered name or address, etc. do not match the Remitter's details taken from the Remitter;
  5. The Users whose remittance request violate the provisions of laws and regulations;
  6. The Users who are using or may use the Services for acts in violation of the law or contrary to public order and morality;
  7. The Users whose whereabouts are unknown;
  8. The Users whose inheritance has commenced;
  9. Any other Users for which the Company deems there to be reasonable grounds for refusal of the Services.

Article 23 (Change to or Abolition of these Terms of Use)

  1. The Company may, at its discretion, change the contents of or abolish these Terms of Use and the Services as a consequence of changes in economic conditions or any other reasonable circumstances. The Company may also suspend use of the Services in whole or in part to facilitate the said change or abolition.
  2. The Company assumes no liability for any loss arising from any change to the contents or abolition of these Terms of Use and the Services or suspension of the provision of the Services in the preceding section.
  3. The Company will notify the Users of any change to the contents or abolition of these Terms of Use and the Services on its website.

Article 24 (Prohibition of Assignment or Pledge, etc.)

The Users may not assign, loan, pledge or otherwise establish any right of a third party on the position of the Users under these Terms of Use or any and all other rights pertaining to the Services.

Article 25 (Finality)

These Terms of Use or expressly cited provisions constitute the contents of the agreement between the Company and the Users in its entirety and take precedence over any prior written or oral agreement between the parties hereto with respect to the subject matter hereof.

Article 26 (Governing Language)

This agreement has been prepared in Japanese language, and the Japanese language version thereof shall prevail and be binding even though an English language translation has also been prepared for reference purposes only.

Article 27 (Governing Law and Court of Competent Jurisdiction)

These Terms of Use and the Services shall be governed by and construed in accordance with the laws of Japan. The Tokyo District Court shall have the exclusive jurisdiction to hear any litigation arising between the Company and the Users at the first instance.

Article 28 (Confirmation regarding Restrictions under the Foreign Exchange and Foreign Trade Act)

According to the Foreign Exchange and Foreign Trade Act (hereinafter referred to as the "Foreign Exchange Act"), financial institutions and fund transfer service providers are obligatory to confirm that they do not fall under the regulated transactions under the Foreign Exchange Law when accepting foreign exchange transactions from customers. The Users shall use the Services with a confirmation and consent that none of transactions are subject to the following regulation under the Foreign Exchange Act.

Regulated transactions:

  1. Regulations on trade
    • Import and intermediary trade remittance of cargo originating or in the shipping area of North Korea, Autonomous Republic of Crimea or city of Sevastopol, or Donetsk People’s Republic or People’s Republic of Luhansk.
    • Intermediary trade remittance for cargo destined for North Korea
  2. Regulations on sanctions
    • Payment to terrorists and other persons subject to asset freezing specified by the Foreign Exchange and Foreign Trade Act (Specific target persons are published on the website of the Ministry of Finance.)
    • Payment to natural persons who have an address or residence in North Korea
    • Payment to corporations / organizations that have a main office in North Korea and corporations / organizations under their substantive control
  3. Regulations on remittance purposes
    • Remittance for the purpose of contributing to North Korea's nuclear-related activities, etc.
    • Remittance for the purpose of contributing to Iran's nuclear-related activities
    • Payment for business activities in foreign countries such as fisheries, leather or leather products, weapons, weapon manufacturing related equipment, drug-related unions, etc
    • Payment for issuance and distribution of new securities in Japan by the Government of Russian Federation and other designated organizations.
    • Acquisition of securities newly issued by the Government of the Russian Federation (after February 26, 2022) from non-residents or transfer to non-residents.
  4. Import / export bans on Russia and Belarus, etc.
    • Bans on exports of items subject to international export control regimes to Russia and Belarus
      • Machine tools, carbon fiber, high-performance semiconductors, etc. and related technologies
    • Bans on exports of general-purpose goods to both countries, which are thought to contribute to strengthening the military capabilities of Russia and Belarus
      • General-purpose products such as semiconductors, computers, communication equipment, and related technologies
    • Bans on exports to specific organizations (military-related organizations) in Russia and Belarus
    • Bans on exports of oil refining equipment to Russia
    • Ban on providing money loans, debt guarantee contracts etc related to the import and purchase of petroleum products originating from Russia that are traded at prices exceeding the ceiling price
    • Ban on exports of luxury goods to Russia
      • Luxury cars, jewelry, etc.
    • Bans on imports and exports between the Donetsk People’s Republic and People’s Republic of Luhansk.
    • Ban on imports of some goods from Russia
      • Alcoholic beverages, wood, machinery / electrical machinery
    • Bans on the export of cutting-edge goods to Russia
      • Quantum computer, 3D printer, etc. and related technologies