West Japan Railway Company Launches New Payment Service "Wesmo!"

JR West has launched its new payment service "Wesmo!" under the brand concept "Moving is Value," after becoming the first domestic railway operator to register as a Type II funds transfer service provider under the Payment Services Act. The company has previously provided the J-WEST credit card and ICOCA (the JR West's version of JR East's SUICA electronic money). Wesmo! enables easy payments through BLUE tag touch or QR code scanning/display, and can be used at over 1.6 million locations nationwide including Wesmo! member stores and convenience stores with the Smart Code™ mark. JR West has integrated services from Infcurion and TRUSTDOCK to implement Wesmo!

The Individual Digital Benefit Bond

In addition, JR West will issue individual digital benefit bonds ("WESTER Bonds") on June 12, 2025, structured by Mizuho Financial Group using the STdirectServices platform provided by NTT Data Corporation and Securitize Japan Corporation. These bonds are transfer bonds subject to the Bond Transfer Act and are not security token bonds.

JR West positions the issuance of individual digital benefit bonds as an opportunity to widely inform people about the launch of Wesmo! services, and wants to communicate its value and appeal to as many people as possible.

Bond Overview

• Name: West Japan Railway Company 86th Unsecured Bond
• Nickname: Connect with Wesmo! WESTER Bonds
• Term: 1 year
• Total Issue Amount: 1 billion yen (planned)
• Amount per Bond: 100,000 yen
• Interest Rate: TBD (Provisional conditions: to be determined within the range of 0.60% to 1.00% on Thursday, May 29)
• Payment Amount: 100 yen per 100 yen of each bond amount
• Subscription Period: Friday, May 30, 2025 to Wednesday, June 11, 2025
• Issue Date: Thursday, June 12, 2025
• Redemption Date: Friday, June 12, 2026
• Underwriting Securities Company: Mizuho Securities
• Selling Securities Company: Rakuten Securities
• Bond Administrator: Mizuho Bank

Benefit Information

Purchasers of these bonds will receive benefits according to the following subscription conditions.

WESTER Points

WESTER Points will be awarded based on the number of units purchased:

• 1 unit (100,000 yen): 500 points
• 2 units (200,000 yen): 500 points
• 3 units (300,000 yen) or more: 1,000 points (uniform regardless of number of units purchased)

Additionally, by installing the Wesmo! app and completing identity verification using the My Number Card reading method, an additional 1,000 points will be awarded regardless of the number of units purchased.

Railway Discount Vouchers

Those who purchase 3 units (300,000 yen) or more will receive railway discount vouchers:

• One "Railway Discount Voucher" providing 50% discount on tickets (one-way fare and charges for one person) within the JR West area, with a validity period from July 1, 2025 to June 30, 2026

Wesmo! Implements Infcurion's Wallet Station

Infcurion's "Wallet Station" serves as the core of the "Wesmo!" app's wallet functionality, supporting the provision of new payment methods and integration with various services including the JR West Group.

Infcurion's "Wallet Station" was adopted as an essential platform for realizing the "Wesmo!" concept, evaluated for its high scalability with future function expansion in mind. "Wallet Station" is a smartphone payment platform that enables function expansion according to any corporate needs, with its highly scalable flexible design and proven track record of implementation across a wide range of industries from financial institutions to retail companies.

"Wallet Station" is based on a design philosophy that facilitates API integration, enabling flexible function expansion according to corporate needs, with implementation records across a wide range of industries from financial institutions to retail companies.

It can easily integrate with external services and realizes seamless payment UX without compromising customer experience.

Wesmo! Implements TRUSTDOCK's eKYC

Due to the nature of the payment service, Wesmo! requires user identity verification based on the Act on Prevention of Transfer of Criminal Proceeds, as well as corporate verification for member stores. Since conducting verification operations using conventional analog methods would require enormous human labor, implementing an eKYC service capable of handling both identity verification and corporate verification became urgent.

Through this implementation, TRUSTDOCK provides API compatible with Method "Ho" (compliant with Article 6, Section 1, Item 1 of the Enforcement Regulations of the Act on Prevention of Transfer of Criminal Proceeds) and various verification operation BPO services, significantly reducing human costs while contributing to faster verification operations and improved convenience.

Key Factors in Choosing "TRUSTDOCK"

First, the ability to handle both user identity verification and member store corporate verification with a single service, and the option to outsource complex verification operations through BPO in one package, was very attractive to JR West.

Second, Wesmo! aims to be a unique payment service with no domestic precedent, connecting consumers, member stores, and business partners. Therefore, JR West needed an integrated system to achieve smooth identity verification with diverse users. TRUSTDOCK proposed "implementing comprehensive and efficient corporate verification by linking member store registration/management systems with TRUSTDOCK's API." The proposal was attractive not only for eKYC-related aspects but also for improving service quality through identity verification, leading to this implementation.