[JCB] Regarding business alliance in the corporate field between JCB Corporation and Resona Holdings Co., Ltd.
*JCB*
Press release: September 11, 2024
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Regarding business alliance between JCB Corporation and Resona Holdings Co., Ltd. in the corporate field
JCB Corporation (Representative Director and President and Executive Officer) (hereinafter referred to as “JCB”) and Resona Holdings Co., Ltd. (Director, Representative Executive Officer, President and Group CEO) (Masahiro Minami) has today concluded a business partnership agreement in the corporate field, with the aim of solving problems starting with payment operations for small and medium-sized enterprises.
* Background and purpose of business alliance *
Increasing productivity is an urgent issue for small and medium-sized enterprises, against the backdrop of a declining working population and stricter regulations on overtime work.
In particular, in billing/payment and fund management operations, business practices are rapidly changing, such as the revision of the Electric Book Act and the abolition of bills and checks. The payment structure for small and medium-sized businesses is undergoing major changes due to the increase in the number of cards* and the provision of various services due to the entry of non-financial companies into the business-to-business payment industry.
By combining Resona Group’s financial data, customer base, and channels with JCB’s cashless payment know-how, technology, and payment network, we will jointly consider and develop new solutions in the corporate field starting with payments, and will We help improve the productivity of our corporate customers.
*The number of corporate credit cards issued in Japan approximately doubled from 6.39 million to 12.01 million in the nine years from the end of March 2014 to the end of March 2023.
Results of a survey on the number of credit cards issued, refer to Japan Credit Association
* ▻Easy and convenient payment by card*
We aim to provide a variety of options to flexibly respond to customers’ financing and payment needs. We aim to improve customer convenience by creating new added value, such as increasing card usage limits and developing high-cost short-term credit services to support small and medium-sized businesses in all payment situations, such as expense payments and purchasing.
By focusing on collaboration between the two companies, and leveraging alliances with both companies’ groups and partner companies, we will accelerate efforts to create a more convenient, safe, and secure cashless society.
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▻* Resona Holdings Co., Ltd. Director, Representative Executive Officer, President, and Group CEO Masahiro Minami*
Resona Group is working to provide new value to customers through co-creation with strategic partners in order to accelerate our goal of becoming “No. 1 in retail.” By partnering with JCB, which is Japan’s only international card brand company and has the largest merchant network and payment solutions in Japan, we aim to deepen our business and create new value beyond the existing frameworks of both companies. .
Through this partnership, we will realize further growth for both companies, and will provide a variety of options that meet the needs of small and medium-sized enterprises that are struggling with problems, thereby contributing to our customers and local communities even more than ever before.
▻* JCB Corporation Representative Director and President and Executive Officer Takayoshi Fume*
Since the creation of the JCB Corporate Card in 1961, JCB has provided a variety of solutions for settlement and payment operations. We believe that by partnering with the Resona Group, which has Japan’s leading corporate customers, corporate business personnel, and financial knowledge, we will be able to create and provide solutions that leverage the strengths of both companies.
As we realize that customer needs are diversifying due to rapid changes in the environment in which small and medium-sized businesses find themselves, such as the arrival of the “world of interest rates,” we expect this alliance to be a major growth opportunity for both companies. Masu. As the needs of our customers are expected to become more diverse and sophisticated in the future, we will continue to contribute to our small and medium-sized business customers even more than ever by creating value that goes beyond the framework of conventional services.
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