Settlement brand "COIN+" starts cooperation with Rakuten Bank, allowing account registration and free deposit/withdrawal for the first time with an internet bank

Recruit MUFG Business Co., Ltd.
Settlement brand “COIN+” starts cooperation with Rakuten Bank, allowing account registration and free deposit/withdrawal for the first time with an internet bank

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Recruit Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; President: Yoshihiro Kitamura; hereinafter referred to as Recruit) and MUFG Bank, Ltd. (Headquarters: Chiyoda-ku, Tokyo; President and CEO: Junichi Hanzawa; hereinafter referred to as MUFG Bank) Recruit MUFG Business Co., Ltd. (headquarters: Chuo-ku, Tokyo, President: Eiji Natsume, hereinafter referred to as RMB), a jointly invested subsidiary, will start selling Rakuten Bank shares in the payment brand “COIN+” provided by RMB from today. We have started collaborating with the company (Headquarters: Minato-ku, Tokyo, President: Hiroyuki Nagai, hereinafter referred to as Rakuten Bank).
RMB has worked extensively with city banks, Japan Post Bank, and regional banks so far, but this partnership will be the first with an Internet bank. By registering a Rakuten Bank account, which has more than 13 million accounts *2, in the “COIN +” account *1, users can deposit (charge) to “COIN +” free of charge, just like accounts at other financial institutions that can be registered. ), and
withdrawals from “COIN+” to the same account are also possible. *1: A login account that can be used in common with all apps that incorporate “COIN+”
*2: As of the end of September 2022
In cooperation with Rakuten Bank, which has more than 13 million accounts*2, the usability of the application incorporating “COIN+” has been improved.
In order to promote cashless payments for business operators and consumers, RMB has been working with financial institutions to expand the number of accounts that can be registered with the “COIN+” account. “COIN+” has the feature of being able to incorporate a payment function in OEM format into existing apps, and it is installed in the apps of Ryohin Keikaku Co., Ltd. Therefore, by collaborating with Rakuten Bank, which has more than 13 million accounts * 2, businesses such as Ryohin Keikaku will be able to add “COIN+” to their apps in addition to the banks they have collaborated with. Both deposits and withdrawals are free.
In addition, RMB aims to have users use the digital account management and payment application “Air Wallet” that incorporates “COIN+” as a “life account”, so in cooperation with Rakuten Bank, which has many users, seamless It is important to be able to deposit and withdraw to .
Going forward, we will continue to expand the number of financial institutions we partner with to reduce the hassle of handling cash in all regions of the country.
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* Since multiple bank accounts can be registered to the “COIN+” account, it is possible to deposit and withdraw between all registered accounts for free.
Company Overview of Rakuten Bank
Company name: Rakuten Bank, Ltd.
Established: January 14, 2000
Business: Banking through electronic media
Head office location: NBF Shinagawa Tower, 2-16-5 Konan, Minato-ku, Tokyo Website: https://www.rakuten-bank.co.jp/
What is “COIN+”
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“COIN+” is a payment brand provided by RMB. The payment fee is set at 0.99% (excluding tax), which is cheaper than the 3-5% fee for general cashless payments, so merchants can reduce the burden of fees. “COIN+” is incorporated as a payment function into the digital account management and payment application “Airwallet” also provided by RMB. In addition, since it can be incorporated into existing applications, business operators can equip their own membership applications with payment functions. Therefore, users can use QR payment at “COIN+” member stores using “Air Wallet” or member apps that incorporate “COIN+”.
About “COIN+” https://coinplus.jp/
What is “Air Wallet”?
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“Airwallet” is a smartphone application provided by RMB. You can complete digital account management, remittance and cashless payment with this one. By linking deposit accounts and digital accounts of various banks, including MUFG Bank, with “Air Wallet”, deposits and withdrawals between accounts*3 and remittances and receipts between applications can be used seamlessly. increase.
*3: Deposits and withdrawals are free of charge. (As of December 21, 2022) About “Air Wallet” https://airwallet.jp/
Company Profile of Recruit MUFG Business
Company name: Recruit MUFG Business Co., Ltd.
Established: December 20, 2019
Business description: Digital account management and payment application “Airwallet”, provision of payment brand “COIN+”
Location: 2-4-1 Yaesu, Chuo-ku, Tokyo Sumitomo Realty & Development Yaesu Building 5F
(Registered head office) 1-9-2 Marunouchi, Chiyoda-ku, Tokyo Shareholders: Recruit Co., Ltd., MUFG Bank, Ltd.
HP: https://www.recruitmufgbiz.co.jp/