InComm, a payments technology company, announced on Monday it has partnered with Mizuho Bank to expand its payment service J-Coin Pay to its retail network in Japan. InComm reported that through the partnership, a network of more than 18,000 retail locations, which including pharmacies, supermarkets, home appliance retailers and discount stores will be able to accept J-Coin Pay.
“J-Coin Pay is a unique digital wallet, or a bank digital currency platform, created by 57 financial institutions. It allows customers to make payments, send and receive transfers, and perform other financial transactions on their smartphones. Customers are also able to use the smartphone app to move funds between their J-Coin Pay accounts (also known as peer-to-peer or P2P payments) and their deposit accounts at their financial institutions for free, anytime and anywhere.”
While sharing more details about the partnership, Takumaro Arai, Vice President and General Manager of InComm Japan
“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. 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.”
InComm went on to add that it is quickly expanding its payments technology product portfolio in Japan. Over the last few years, the company announced partnerships with the leaders in payment methods technologies, including QR and barcode payment services such as WeChat Pay, LINE Pay, d Payment (R), Alipay, Origami Pay, PayPay, auPAY, Resona Wallet, Rakuten Pay (App Payment) , Japan Post Pay, NAVER Pay, merpay, and PAYCO.
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“J-Coin Pay is a unique digital wallet, or a bank digital currency platform, created by 57 financial institutions. It allows customers to make payments, send and receive transfers, and perform other financial transactions on their smartphones. Customers are also able to use the smartphone app to move funds between their J-Coin Pay accounts (also known as peer-to-peer or P2P payments) and their deposit accounts at their financial institutions for free, anytime and anywhere.”
