J.P. Morgan adds cross-border payment capabilities in Japan

J.P. Morgan continues to expand its treasury proposition in Asia with the extension of its US Dollar Clearing Asia Direct solution to Japan as well as additional technology enhancements, including a new partnership with NTT Data Corporation.

With the new capabilities, users of J.P. Morgan's Asia Direct solution now have access to Tokyo Dollar Clearing system member banks, and Japanese financial institutions can now submit cross-border payments to J.P. Morgan through NTT Data's ASP platform. Additionally, new intelligent routing technology will speed up the settlement of dollar payments.

As the largest US dollar clearing bank in the world, J.P. Morgan continues to bring expertise, innovation and value to clients conducting business in the Asia-Pacific, said...