Japanese International Payment Brand JCB and NTT Com to test JCB Mobile Wallet

A service designed to guarantee the original foreign currency exchange rates for a certain period of time. JCB and NTT Com personnel will participate in the test, which will be conducted until the end of November. The service is scheduled for commercial launch in Japan and other Asian markets in 2021. The multifunctional app is designed to allow users to instantly create JCB brand virtual prepaid cards. The app provides a range of services, including cashless payments, mobile remittances, account settings and map-based searches for JCB merchants, and mainly targets international students, businesspeople and international residents in Japan.

Multiple sub-accounts are offered for families and businesses. For example, a parent could charge up the sub-account of a child studying abroad with money whenever needed, 24/7. For corporate accounts, companies can manage the balance of sub-accounts when employees travel overseas on business. Services are bundled with the app, such as reserving restaurants and taxis. The demonstration aims to confirm the functionality and practicality of the app’s user interface and user experience for various functions and services developed by JCB and NTT Com. It will also test NTT Com’s system for the Home Currency Anywhere, which manages rate-guaranteed foreign currency information by leveraging NTT Com’s API Gateway as a Service to centrally manage the APIs of Home Currency Anywhere and other services. The new app will be compatible with mobile contactless payment systems and other payment environments in many countries and regions using NFC, QR codes and linkage to credit cards. In the future, NTT Com plans to incorporate its Wallet Exchange service to enable online transfer and management of electronic money in various currencies. Also, the measures will be incorporated to ensure that JCB Mobile Wallet offers security for customer transactions.

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