Zengin Payments
in Japan
Bank of Japan's primary interbank clearing network for same-day JPY transfers.
Zengin in Japan
Japanese Yen · JPY
Contractor must provide bank name, branch name, account type, and 7-digit account number.
Payment Journey
You fund in USD, stablecoin, or BTC — your contractor in Japan chooses how they receive it.
Fund your Bitwage Balance
USD via wire/ACH/FedNow, stablecoin (USDC/USDT), or BTC. Fund once — use for all payments.
Create a payment run
Add your Japan contractor(s) to a batch or individual payment. Set the amount in USD — Bitwage handles everything else.
Converts & delivers via Zengin
FX rate locks at approval. Bitwage converts USD → local currency and routes the payment via Zengin. Compliance screened automatically.
Funds arrive via Zengin
Settlement: Same day. Fees: 0.5–1%. Contractor can also choose USDC, USDT, or Bitcoin instead — they set their preference once.
How Zengin Works in Japan
Bitwage converts USD to JPY at the locked rate and submits a Zengin payment instruction. The Bank of Japan's clearing system routes funds to the contractor's account the same business day.
Compliance & Security
Foreign contractors in Japan must comply with NTA (National Tax Agency) income reporting requirements. Non-resident contractors receiving Japanese-source income may be subject to withholding tax. Bitwage screens all payments against OFAC and METI watchlists.
The JPY can be volatile, particularly around Bank of Japan policy decisions. Bitwage locks the USD/JPY rate at execution time, giving both parties certainty on the yen-equivalent amount before settlement.
Zengin in Japan FAQ
Common questions about Zengin payments, settlement, fees, and requirements.
Zengin payments to Japan typically settle in Same day. Bitwage locks your FX rate lock at execution time so recipients receive exactly the amount shown in the payment preview.
Bitwage charges 0.5–1% for Zengin payments to Japan. There are no hidden per-transfer fees beyond the displayed rate. You can see the full cost breakdown before executing via our {{link:products/contractor-payments}} platform.
Contractor must provide bank name, branch name, account type, and 7-digit account number. Bitwage validates all payment details before executing. For batch payments to multiple contractors, use {{link:products/masspay}} to upload a CSV with all recipient details at once.
Yes. With {{link:products/masspay}} you can include any number of Japan-based contractors in a single payment run, mixing Zengin with other local rails. All FX conversions are locked at batch payment processing execution time.
Start Sending Zengin Payments to Japan
Settlement in Same day. Fees from 0.5–1%. OFAC screened on every payment.