Money Forward enters business partnership with Billing System Co., Ltd.
Money Forward Co., Ltd. Press release: November 12, 2024 Money Forward enters business partnership with Billing System Co., Ltd. Tax payment function added to banking app “BANK APP” Money Forward Co., Ltd. has entered into a business alliance with Billing System Co., Ltd. and has decided to incorporate the company’s smartphone payment service “PayB” into our banking app “BANK APP.” By linking with “PayB,” you will be able to use payment slips to pay for utilities, taxes, etc. on “BANK APP.” This feature will be available starting with Tochigi Bank’s “Tochigin App” in spring 2025, followed by Kochi Bank’s “Kougin App” and other financial institutions.
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About “BANK APP” “BANK APP” is a banking app for regional financial institutions developed by “Money Forward X,” a business division of our company that provides services for financial institutions. Six financial institutions have decided to introduce it, and four of them have already released it. As long as you have a smartphone and a cash card, even users who do not have an Internet banking contract can use the service with just a few simple steps. Currently, it has functions such as checking deposit/withdrawal details and investment trust operation status, account opening and transfer, and address change procedures, but with the aim of further digitalizing transactions and administrative work in financial services, by winter 2024, We plan to implement security features such as transfer/remittance functions and eKYC/FIDO authentication. About the collaborative system in the development of “BANK APP” In developing BANK APP so far, we have strengthened our collaborative structure with regional financial institutions and system vendors in order to develop services that are linked to accounting systems. Going forward, we will accelerate collaboration with companies that provide various services in areas surrounding financial services, and work to develop functions that strengthen the digital contact points between financial institutions and users. We will collaborate with Billing System Co., Ltd. to incorporate the company’s smartphone payment service “PayB” into “BANK APP.” Functions implemented in collaboration with Billing System Co., Ltd. Financial institution counters are often used to pay taxes and public funds.*However, in recent years, the National Tax Agency and other organizations have been accelerating the movement to promote cashless payment of taxes, and over-the-counter tax and public fund collection services have been discontinued. An increasing number of financial institutions are doing so. “PayB” is a service that allows you to read payment slips with barcodes or local tax unified two-dimensional barcodes printed on them using your smartphone camera and make payments in real time from your deposit account at a financial institution. More than 17,000 companies and organizations are registered as PayB member stores, so it can be used in a wide range of situations as an alternative payment method to counters. When “PayB” is incorporated into “BANK APP”, all tax and public payment procedures can be completed within one app, allowing smooth payments. “Money Forward * “Joint report on cashless payment of national and local taxes” May 30, 2020 National Tax Agency, Ministry of Internal Affairs and Communications, Joint Organization for Local Taxes, Financial Services Agency, Bank of Japan, National Bankers
Association, National Local Banks Association
https://corp.mf-x.jp/contact/ About “Money Forward X” “Money Forward By combining the technology and design capabilities that we have cultivated, we will create convenient and comfortable new financial services that utilize data. URL:
https://corp.mf-x.jp/ About Billing System Co., Ltd. Name: Billing System Co., Ltd. Location: 13th floor, Hibiya Dai Building, 1-2-2 Uchisaiwaicho, Chiyoda-ku, Tokyo
Representative: Representative Director Toshihiko Eda Established: June 5, 2000 URL:
https://www.billingsystem.co.jp/ About Money Forward Co., Ltd. Name: Money Forward Co., Ltd. Address: 3-1-21 Shibaura, Minato-ku, Tokyo msb Tamachi Tamachi Station Tower S 21F
Representative: Yosuke Tsuji, Representative Director, President and CEO Established: May 2012 Business content: Development and provision of PFM services and cloud services URL:
https://corp.moneyforward.com/ *The company names and product/product/service names (including logo marks, etc.) listed are trademarks of each company or registered trademarks of their respective rights holders.
