payments
Digital Garage (DG) and its subsidiary handling payment services, DG Financial Technology (DGFT), have been jointly developing the next-generation payment platform "NESTA" with au Financial Services. The implementation of "NESTA" into the payment processing system for au/UQ mobile communication fees will begin within 2025. This
weekly
Welcome to the one hundred twelfth edition of the Japan FinTech Observer. We are almost through earnings season, with mainly the three mega insurers scheduled for this week. So you will find quite a few highlights of financial results in this edition, and we are hosting a webinar on Tuesday,
BaaS
Digital Garage and Resona Holdings have signed an amendment agreement to their capital and business alliance contract, aimed at further strengthening the alliance established in November 2022 and updated in December 2023. Through this strengthened partnership, both companies aim to further integrate their management resources and expand their share in
payments
Digital Garage's financial report for the fiscal year ending March 2025 presents a nuanced picture of growth and strategic realignment, characterized by significant progress in its core payment solutions segment alongside challenges and forward-looking initiatives in its long-term incubation and global investment sectors. The company's strategic
neobank
Sumitomo Mitsui Card and SoftBank have signed a basic agreement regarding a comprehensive business alliance in the digital field. Based on this alliance, PayPay Corporation and Sumitomo Mitsui Card will begin new collaborative initiatives. 1. Purpose of This Alliance In recent years, with the evolution of technology and advancement of
credit card
Adyen and JCB announced the rollout of JCB's card-on-file (COF) tokenization service, aimed at enhancing the security of credit card transactions for e-commerce merchants. Adyen is the first to offer and implement JCB’s new technology both domestically and globally. The introduction of COF tokenization will further enhance
weekly
Welcome to the one hundred eleventh edition of the Japan FinTech Observer. For many, this was a three-day working week. For some, it was a four-day working weekend. Reading the announcements of Sony Bank's migration to a new core banking system reminded us of our own time in
ecommerce
Seedflex Technologies, a Singapore-based FinTech platform co-founded by two former Grab executives, has raised a $3.2 million seed extension round co-led by Z Venture Capital (ZVC), the corporate venture capital firm owned by LY Corporation, and Iterative. The funding also saw participation from existing investor 500 Global and strategic
payments
Digital Garage has invested in Phi Commerce, a leading Indian payment service provider. Additionally, DG Financial Technology, the payment business company within the Digital Garage Group, has signed a business alliance agreement with Phi Commerce. Phi Commerce is a reliable payment service provider licensed and certified by the Reserve Bank
payments
NTT DATA Payment Services has unveiled ADAPTIS, a suite of integrated payment solutions and more that is designed to meet the evolving needs of modern businesses. Introduced at an exclusive brand launch event, ADAPTIS marks a strategic milestone in the NTT DATA's transformation, bringing together innovation, flexibility and
weekly
Welcome to the one hundred tenth edition of the Japan FinTech Observer. The decades-long (if not forever) pricing system for Japanese sake has been broken. It has not happened overnight, rather it has been a slow, post-pandemic process as far as I could tell, but by now most of the
sustainability
JCB is conducting a one-month demonstration experiment in collaboration with MASH Style Lab, Lumine, and Your Arbor to verify changes in consumer behavior through the visualization of CO2 emissions by product and payment method. This experiment is being held as the second phase following the first experiment conducted at Lumine