• Days
  • Hours
  • Mins
  • Secs
  • Sun, 20 Oct 2019, 03:53 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Mizuho Bank to roll out J-Coin Pay in 18,000 retail locations in Japan via InComm partnership

Tue, 01 Oct 2019, 04:35 am UTC

Mizuho Bank has partnered with payments technology company InComm to bring its bank digital currency platform “J-Coin Pay” to more than 18,000 retail locations in Japan.

Launched on March 01, J-Coin Pay enables customers to make payments, send and receive transfers, and conduct other financial transactions using their mobile phones. Clients can also use the app to move funds between J-Coin Pay accounts and other deposit accounts at their respective banks without zero charges.

Through the partnership, InComm’s network of more than 18,000 retail locations – including pharmacies, supermarkets, home appliance retailers and discount stores – will be able to accept J-Coin Pay.

As per a press release, the payment service is expected to be rolled out at these locations through 2019. InComm said that the implementation will “absorb the differences in the system specifications of each payment service provider and funnel the payments routing seamlessly through the point of sale (POS).”

“With minimal time needed to implement and execute, automatic payments routing will soon make it easier for cashiers to process transactions quickly and simply,” it added.

Previously in June, Mizuho added seven more financial institution partners to the digital currency platform, bringing the total number of member banks to 57.

“J-Coin Pay was launched this year and its adoption rapidly grew among Japanese consumers, so being chosen to be a part of this is a great honor for InComm,” said Takumaro Arai, Vice President and General Manager of InComm Japan. “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.”

Although Mizuho touts J-Coin Pay as a digital currency platform, it is important to note here that the payment service has nothing to do with crypto or blockchain. It is rather a QR-code payment system, resembling Alipay and WeChat Pay, Quartz reported.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $7,960.82 (-0.02%)
  • Ethereum (ETH) $171.68 (-1.24%)
  • XRP (XRP) $0.288300 (-1.56%)
  • Bitcoin Cash (BCH) $213.31 (-0.33%)
  • Litecoin (LTC) $53.68 (+0.57%)
  • Bitcoin (BTC) $7,960.82 (-0.02%)
Oct 18, 2019 (Friday)
12:51
Telegram’s claim “Grams will not be security once TON Blockchain launches” is insufficient, argues SEC
11:51
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:51
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:23
US Senator comes out in support of Facebook’s crypto, finds hostility towards Libra “puzzling”
10:38
Crypto Technicals: BCH/USD tests trendline support (209), dip till 78.6% Fib (168.35) likely
10:13
IBM, Raw Seafoods partner to digitize scallops supply chain using blockchain
08:48
India’s Reliance Industries reveals blockchain plans for Bill of Lading and Letter of Credit transactions
07:48
Crypto Technicals: Ripple (XRP) erases most of previous session's gains, retrace below cloud dents further upside
07:22
Crypto exchange Upbit operator Dunamu to launch OTC trading platform for unlisted securities
06:52
Crypto Technicals: ETH/USD fails to extend recovery, resumes weakness, 167.50 (Oct 6 low) in sight
06:22
Stablecoin initiatives highlight shortcomings in cross-border payments: G7 Working Group
06:11
Crypto Technicals: LTC/USD extends choppy trade below 21-EMA, bias bearish
05:02
Crypto Technicals: BTC/USD confined to narrow range, bias bearish below 5-DMA (8132)
04:48
Telegram calls SEC’s emergency injunction “unreasonable”, argues gram tokens are not securities
Oct 17, 2019 (Thursday)
13:38
Bermuda to develop blockchain-based national ID system with Shyft and Perseid Network
12:52
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:48
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:59
Samsung SDS partners with Tech Mahindra and Pega to launch blockchain-based traceability solution
11:13
Telegram proposes to postpone TON blockchain project launch to April 2020, seeks investors’ consent
10:41
Crypto Technicals: TRON (TRX) resumes weakness, break below 20-DMA could see fresh multi-month lows
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft