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EXCLUSIVE PRESS

SBT and NTT Com to Commence Trial of Local Currency Price Display and Settlement System for Cross-border Used Car Sales and Export

13/10/2021 03:35 PM

TOKYO, Oct 13 (Bernama) -- SBT Co., Ltd. (SBT), a trading company specializing in the export of automobiles and other vehicles to more than 150 countries and regions around the world, and NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within the NTT Group (TOKYO:9432), today announced they will conduct a trial of a solution that allows prices and settlement details to be displayed in local currencies at guaranteed rates of exchange on SBT’s cross-border e-commerce site.

The trial, which will commence on October 13, will introduce local currency pricing and settlement on the SBT’s e-commerce site - the first-of-its-kind solution in the field of cross-border vehicle e-commerce.¹ NTT Com’s "Home Currency Anywhere”™ (HCA) service² will be used to guarantee exchange rates at the time of contract during the period of transportation of vehicles. The aim of the proposed new service is to increase convenience for users and further expand the market for used vehicles, and the trial will seek to uncover potential further needs in this market.

 


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