Tokyo to Osaka: What collaborations will Huma land in Japan? What impact will it have on the Asian PayFi market?
Huma's trip to Japan, from Tokyo to Osaka, is not just a simple 'fashion show'; it is highly likely to land two types of collaborations that will have a significant impact on the Asian PayFi market.
The first type is 'SME financing collaboration.' Japan has many small and medium-sized manufacturing enterprises and trading companies, which often face the issue of 'accounts receivable straining cash flow.' Traditional financial institutions do not handle this well. Huma may collaborate with local banks and SME associations in Japan to launch a 'Japanese version' of invoice collateral lending services — for example, a certain electronic parts factory in Osaka has an order invoice from Toyota, and through Huma, it can immediately access funds without waiting for Toyota to make the payment. This not only helps Japanese SMEs to mobilize funds but also allows Huma to accumulate experience in 'serving manufacturing SMEs' in Asia.
The second type is 'cross-border payment collaboration.' There are many foreign workers in Japan (such as Chinese, Vietnamese, and Filipinos), creating a high demand for cross-border remittances. Huma may partner with Japanese remittance companies (like SBI Remit) to allow these workers to access their remittances in advance through Huma, thereby reducing remittance costs. For example, a Vietnamese worker in Tokyo who originally had to wait a week to receive remittances from home can now receive the money the same day through this collaboration, saving half the fees.
Once these two types of collaborations are realized, the impression that 'PayFi can solve real problems' will spread in Asia — companies and users in Korea, Singapore, and Southeast Asia may actively seek collaboration with Huma, driving the entire Asian PayFi market from 'concept' to 'practical use,' accelerating the industry's development.
