Accept Japanese Yen payments from clients and suppliers in Japan, settled directly into your Hubpay wallet.
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Your Japanese IBAN
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What is a JPY IBAN?
A JPY IBAN is a unique bank account identifier that allows your UAE-registered business to seamlessly receive and send payments in Japanese JPY.
Why should UAE businesses have JPY IBAN?
A JPY IBAN acts as a local account in Japan enabling you to conduct transactions with clients, suppliers and partners in Japan using local and international payment rails. This significantly reduces intermediary fees, minimizes delays, and simplifies reconciliation.
How can JPY IBAN help UAE Businesses?
Using your own Japanese IBAN with Hubpay helps expand your reach and optimize financial operations in Japan and related markets.
It just takes 3 easy steps to get a JPY IBAN
Simple steps to set up your account within 1 business day
Get virtual IBANs in many more global currencies
With Hubpay Business Account, you get access to global currency IBANs with just one single account. No hidden fees.
Any questions? We’ve got answers
How can a UAE business receive Japanese Yen (JPY) payments?
A UAE business can receive JPY payments by opening a named Japanese Yen virtual IBAN. This gives your company unique account details in Japan, allowing your Japanese clients and partners to pay you via their local banking system, which is far more efficient than international wire transfers.
Is it possible to open a JPY account in the UAE without a Japanese bank?
Yes. Hubpay provides UAE-registered businesses with a named JPY virtual IBAN, no Japanese bank account or physical presence in Japan required. You manage everything from your Hubpay account in the UAE.
Why do UAE companies trading with Japan need a JPY IBAN?
A JPY IBAN is essential for UAE businesses in sectors like automotive, electronics, and technology that trade with Japan. It simplifies the payment process, reduces transaction costs, and allows you to hold JPY to pay Japanese suppliers, protecting your business from currency fluctuations and improving your profit margins.
Can Hubpay convert JPY to AED or other currencies?
Absolutely. Convert incoming JPY to AED or 150+ currencies at the best possible rates within Hubpay, simplifying settlement to your preferred currency.
How long does JPY account setup take with Hubpay?
Typically within 1 business day after you sign up and complete onboarding on a Scale or Treasury plan.
Have more questions?
From anything to everything, get in touch with our support team