Mizuho partners InComm to roll out J-Coin Pay to retailers

Mizuho partners InComm to roll out J-Coin Pay to retailers

Mizuho Bank's J-Coin digital currency platform is coming to more than 18,000 retail locations thanks to an agreement between the Japanese lender and payments technology firm InComm.

J-Coin Pay is a digital wallet, or a bank digital currency platform, created by Mizuho with the backing of more than 50 financial institutions.

The QR code-based app lets customers make payments, send and receive transfers, and perform other financial transactions on their smartphones.

The InComm deal will see a host of pharmacies, supermarkets and discount stores turn on support for J-Coin Pay over the course of the next few months.

Takumaro Arai, GM, InComm Japan, says: "Through this partnership, we're not only helping shoppers pay in a modern and frictionless fashion, but also helping Japan achieve its goals towards digitizing payments."

Comments: (2)

David Gyori
David Gyori - BANKING REPORTS, LONDON - London 30 September, 2019, 18:58Be the first to give this comment the thumbs up 0 likes

Yes, it makes sense.

Duane Tough
Duane Tough - PBATM - ny 30 September, 2019, 19:21Be the first to give this comment the thumbs up 0 likes

J=Coin and Incomm --- A good fit, tight margins, but a silent interchange model will make it worth it.  QR is so popular outside the USA, glad Incomm is strengthening its' IP on it.....

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