Citigroup plans to launch a cross-border remittance service based on tokenised deposits for corporate clients in Japan within this year, Nikkei Asia reported on Tuesday. The service will support real-time foreign-currency transfers at night and on holidays, and process real-time cross-border payments between Japan and Citigroup entities in the United States, Britain, Singapore, Hong Kong and Ireland. Citigroup processes about $6 trillion in daily transactions, with about $1 billion a day in tokenised-deposit transfers.

From next month, mobile carriers in South Korea will analyse subscribers’ usage and proactively notify them of more suitable rate plans under the optimal plan notification system. Users are expected to benefit by reducing cases of keeping plans that are more expensive than their actual usage. The telecom industry, however, expects pressure from potential declines in average revenue per user and costs to build related systems. The system will first apply to SK Telecom, KT and LG Uplus.