Minna no Ginko and Revolut Deepen Partnership to Launch Banking Agency Operations
Digital lender Minna no Ginko, a subsidiary of Fukuoka Financial Group, has entered into a banking agency agreement with Revolut Technologies Japan, expanding their ongoing Banking-as-a-Service (BaaS) collaboration.
Under the terms of the agreement, Revolut Technologies Japan operates as a registered banking agency (Kanto Local Finance Bureau Director-General No. 538) with Minna no Ginko serving as the principal bank. The arrangement authorizes Revolut to act as an intermediary for opening Minna no Ginko yen ordinary and savings accounts directly within its app interface.
The integration builds upon a sequence of strategic milestones between the two companies:
- June 2023: Initial BaaS partnership agreement signed.
- June 2024: Broader strategic partnership established involving parent entities Fukuoka Financial Group and Revolut Ltd.
- October 2024: Rollout of account-transfer API integration enabling instant, fee-free "Quick Bank Charge" transfers.
By enabling frictionless account opening for Revolut’s Japanese user base, both institutions aim to optimize cross-border and daily payment flows while expanding their respective customer networks. To mark the launch, Revolut is offering a promotional free trial of its Premium plan to eligible users.
Norbert Gehrke
