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Fintech companies team up to boost contactless payments in Japan

Jul 02, 2020

The partnership gives Soft Space an opportunity to enter the Japanese market

contactless payments

Fintech companies team up to boost contactless payments in Japan. Source: pixabay.com

Fujitsu Frontech and Soft Space have signed a memorandum of understanding (MOU) to cooperate in boosting contactless card payment usage across Japan.

This way, Fujitsu Frontech will work with Soft Space to integrate its payment software Fasstap and FLit, into Fujitsu Frontech’s smart devices.

Fasstap allows businesses to complete contactless payment by tapping contactless cards swiftly on an NFC Android-based smart devices.

The integrated payment solutions will allow both companies to reach enterprises with their contactless payment solutions in segments that aren’t on board as yet.

Since Japan remains a cash-centric country, there is potential for growth in contactless card payment.

Japan is advancing in contactless card adoption, which is in line with the government's aspiration. By having Soft Space's payment software natively within our mobile handheld products, we will be able to further spur this adoption by providing enterprise customers with another avenue for them to transact, and thereby growing both our business together
Hiroki Kishimoto, General Manager of CPS Div., Fujitsu Frontech

We’ve reported that Axis has become the first Indian bank that offers merchants the ability to accept NFC, QR, and remote payments on smartphones.

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