au Financial Service Co., Ltd.
Business partnership agreement concluded with DG Financial Technology for wide-ranging collaboration in au Financial Services payment business
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Digital Garage Co., Ltd. (TSE Prime: 4819, Headquarters: Shibuya-ku, Tokyo, Representative Director, President Executive Officer, Group CEO: Iku Hayashi) is a subsidiary of DG Financial Technology Co., Ltd. (Headquarters: Shibuya-ku, Tokyo, Representative Director, President Executive Officer and Group CEO: Iku Hayashi), which handles the payment business. Representative Director and President: Hiroshi Shino, hereinafter referred to as DGFT) and au Financial Services Co., Ltd. (Headquarters: Minato-ku, Tokyo, Representative Director and President: Atsushi Nagano, hereinafter referred to as au Financial Services) will complete the settlement on May 8, 2024. We would like to inform you that we have concluded a business partnership agreement for wide-ranging business collaboration.
[Image: https://prtimes.jp/i/20989/75/resize/d20989-75-d139c4e53c1619cf9839-1.png&s3=20989-75-2c794b3eae41a1f522a697f6f4074898-3000×1688.png ]
■Purpose of business alliance
The proportion of cashless payments, such as credit cards and QR code payments, in Japan’s total consumption will reach a record high of 39.3% in 2023, and the market size will exceed 126 trillion yen. As the “Cashless Vision” aims to achieve a cashless ratio of 80%, the highest level in the world, continued market growth is expected. DGFT, a member of the Digital Garage Group, is an infrastructure company responsible for the cashless market, with 1.08 million payment locations, 6.2 trillion yen in transaction volume, and 1.18 billion payments per year. Under the group strategy “DG FinTech Shift,” By accelerating collaboration with strategic partners, we aim to quickly achieve our medium-term management plan and contribute to the realization of a safe, secure, and convenient cashless society. au Financial Services operates its business based on a unique credit provision model that combines a wide variety of data held by the KDDI Group, and the au PAY Card is used by 9.2 million customers. . In addition, we are expanding our business areas as a supporter of the group’s cashless promotion, including a payment agency business that centrally manages credit card payments such as communication charges for the KDDI Group.
Through this alliance, the two companies will aim to integrate each other’s management resources, knowledge and functions in the payment field, promote the provision of high-quality payment services in the au economic zone, and develop one-stop payment services through co-creation collaboration. We aim to expand our share in the ever-growing cashless market and improve our industry positioning. that’s all
(reference)
■ About DG Financial Technology Co., Ltd.
DGFT provides a variety of cashless payment solutions such as credit cards and QR codes to over 1 million face-to-face and non-face-to-face locations of member stores across Japan. In addition to the payment processing business, in collaboration with the DG Group and strategic partners, we will provide e-commerce platform construction, marketing tools, fraud detection solutions, etc. to support various businesses in promoting cashless transactions and DX. We are promoting
initiatives.
[Table 3: https://prtimes.jp/data/corp/20989/table/75_1_94d3fa34164b852cd0d08cb2799aec8c.jpg] ■ About au Financial Service Co., Ltd.
au Financial Services is promoting the “smart money concept” to bring payment and financial services closer to customers’ daily lives through smartphones, which have become the center of life. As the company that customers feel closest to, we will continue to promote digital finance to support customers’ enriched lives and create new experiential value.
[Table 4: https://prtimes.jp/data/corp/20989/table/75_2_2fc7265bab2475f20205537065381010.jpg]
More details about this release:
https://prtimes.jp/main/html/rd/p/000000075.000020989.html