Electronic Money Service “Shiharai Hisho”

「当社は、「支払秘書」で培った電子マネー基盤と本人認証技術を活用し、「OEM 電子マネー」と「地域マネー」の提供を開始します。」

「Our identity-authenticated electronic money, which has evolved through collaboration with Japan Communications Inc., is being developed under a three-pronged strategy: general-purpose electronic money “Shiharai Hisho”; an “OEM supply model” that can be embedded in applications developed by companies for their own customers; and “next-generation regional money.”」

「The company is also preparing to provide an electronic-money service that enables each company to in-house its own money and payment functions.」

「In collaboration with Japan Communications Inc., the company is pursuing a strategy to develop its electronic money, which has evolved to provide greater security and peace of mind, in 2 formats: general-purpose electronic money and an "OEM-supplied" format that can be embedded in applications and other products developed by companies for their own customers.」

「Shiharai Hisho completed connections with the major banks through its connection to Mizuho Bank. The number of payment transactions available through the service was also increasing, particularly for public-sector payments in areas with many partner banks. The company is developing the service through seamless integration with "Bus Mori!", "Altair Triple Star" and "ekaiin.com", and is preparing to offer embedded electronic money in anticipation of a future trend toward incorporating electronic money into companies' own services. Going forward, the company will evolve the service through integration with cloud services for transportation operators.」

「Shiharai Hisho, which enables smartphone payments linked to bank accounts, completed connections with the major city banks through its new connection to Mizuho Bank in February 2024, increasing convenience.」

「With the new connection to Mizuho Bank in February 2024, Shiharai Hisho completed connections with the major banks, increasing convenience.」

「Shiharai Hisho, which enables smartphone payments linked to bank accounts, had been introduced at 8 electric power companies. The number of public-sector payment transactions that can be made through Shiharai Hisho was increasing, particularly in areas with many partner banks. The company was also developing the service around seamless integration with its cloud services "Bus Mori!", "Altair Triple Star" and "ekaiin.com", and was developing embedded electronic money in anticipation of a future trend toward incorporating electronic money into companies' own services.」

「Shiharai Hisho maintained partnerships with 36 banks, including Sumitomo Mitsui Banking Corporation and Japan Post Bank, and is proceeding with resumption efforts after completing security measures following a series of unauthorized-use incidents. As of 30 June 2023, the number of banks available for use had recovered to 25. This included Mitsubishi UFJ Bank, which was newly connected in May 2023. The company expects usage to expand and will continue working to increase the number of available banks.」

「The company partnered with 36 banks, including Sumitomo Mitsui Banking Corporation and Japan Post Bank, and is proceeding with resumption efforts after completing security measures following a series of unauthorized-use incidents. As of 31 March 2023, the number of banks available for use had recovered to 25, and the company will continue working to increase the number, including through new additions.」

「The company partnered with 36 banks, including Sumitomo Mitsui Banking Corporation and Japan Post Bank, and is proceeding with resumption efforts after completing security measures following a series of unauthorized-use incidents. As of 31 January 2023, the number of banks available for use had recovered to 24, and the company will continue working to increase the number, including through new additions.」

「Shiharai Hisho had been introduced at 8 electric power companies, and the number of public-sector payment transactions that can be made through the service was increasing, particularly in areas with many partner banks. The company was also developing the service around seamless integration with its cloud services "Bus Mori!" and "Altair Triple Star", as well as ekaiin.com, and was developing embedded electronic money.」

「The company completed partnerships with 36 banks, including Sumitomo Mitsui Banking Corporation and Japan Post Bank. It completed identity-verification security measures following a series of unauthorized-use incidents and is proceeding with resumption efforts. As of 1 August 2022, the number of banks available for use had recovered to 24, and the company will continue working to increase the number, including through new additions.」

「Shiharai Hisho, which enables smartphone payments linked to bank accounts, had been introduced at 8 electric power companies. The number of public-sector payment transactions that can be made through Shiharai Hisho is increasing, particularly in areas with many partner banks. In the bus and railway industries, where the company is promoting digital transformation mainly through "Bus Mori!", the number of routes accepting Shiharai Hisho for mobile commuter passes and multi-ride tickets is also increasing.」

「The company completed development of the new "non-stop payments" function, which goes beyond the current one-stop payment service, and has begun marketing activities.」

「Shiharai Hisho, a smartphone payment service, had been introduced at 8 electric power companies. Chubu Electric Power began electronic billing via SMS (short message service) in April 2020, the first such initiative in the electric power industry, and paperless billing is expected to accelerate further.」

「The company completed partnerships with 36 banks, including Sumitomo Mitsui Banking Corporation and Japan Post Bank. Following a series of unauthorized-use incidents, however, use was frozen at some banks, and the company is proceeding with resumption efforts after implementing identity-verification and related security measures. As of the end of July 2021, the number of banks available for use had recovered to 12, and the company will continue working to increase this number.」

「Shiharai Hisho, a smartphone payment service designed for the cashless society expected to expand in the future, was introduced at Japan's largest domestic e-commerce site, Amazon.co.jp, in March 2021. The company is also pursuing joint development to realize more convenient "non-stop payments."」

「The number of partner banks reached 37, including Sumitomo Mitsui Banking Corporation and Japan Post Bank. Following a series of unauthorized-use incidents, however, we temporarily suspended connections with some banks and proceeded with countermeasures. We implemented measures including eKYC in October 2020, which was considered the most advanced form of identity verification available at the time. Based on guidance from supervisory authorities and industry associations, and through ongoing security measures including discussions with partner financial institutions, we aim to resume and expand bank-account partnerships at an early date.」

「In the Hokuriku region, Shiharai Hisho is also being used to pay electricity charges and taxes, in addition to other payments, marking the launch of the fintech service closely connected to daily life that we are aiming to provide. Meanwhile, the number of partner banks reached 37, including Sumitomo Mitsui Banking Corporation and Japan Post Bank, and is expected to increase further.」

「Kyushu Electric Power, Hokkaido Electric Power, which adopted the service exclusively from us, Tohoku Electric Power, Shikoku Electric Power, which also adopted it exclusively from us, Hokuriku Electric Power, which adopted it exclusively from us, Chubu Electric Power, which also adopted it exclusively from us, and Chugoku Electric Power subsequently launched the service. At Chubu Electric Power, electronic billing of electricity charges via SMS, the first such initiative in Japan's electric power industry, was implemented from April 2020, accelerating the shift to paperless payments. The number of partner banks reached 36, including Sumitomo Mitsui Banking Corporation and Japan Post Bank, and is expected to increase further.」

「Kyushu Electric Power, Hokkaido Electric Power, which adopted the service exclusively from us, Tohoku Electric Power, Shikoku Electric Power, which also adopted it exclusively from us, Hokuriku Electric Power, which adopted it exclusively from us, and Chubu Electric Power, which also adopted it exclusively from us, subsequently launched the service. At Chubu Electric Power, electronic billing and electronic payment of electricity charges via SMS, the first such initiative in Japan's electric power industry, were implemented from April of this year, accelerating the shift to paperless and cashless payments. The number of partner banks reached 34, including Sumitomo Mitsui Banking Corporation and Japan Post Bank, and is expected to increase further.」

「“Shiharai Hisho,” a smartphone payment service designed for the expected expansion of a cashless society, went live on 3 August 2017 with Kansai Electric Power as its first client. Kyushu Electric Power, Hokkaido Electric Power, which adopted the service exclusively from us, Tohoku Electric Power, Shikoku Electric Power, which also adopted it exclusively from us, and Hokuriku Electric Power, which adopted it exclusively from us, subsequently launched the service. The number of partner banks reached 32, including Sumitomo Mitsui Banking Corporation and Japan Post Bank, and is expected to increase further.」

「“Shiharai Hisho,” a smartphone payment service designed for the expected expansion of a cashless society, went live on 3 August 2017 with Kansai Electric Power as its first client. Kyushu Electric Power, Hokkaido Electric Power, which adopted the service exclusively from us, Tohoku Electric Power, Shikoku Electric Power, which also adopted it exclusively from us, and Hokuriku Electric Power, which adopted it exclusively from us, subsequently launched the service. The number of partner banks reached 31, including Sumitomo Mitsui Banking Corporation and Japan Post Bank, and is expected to increase further. Following electric power companies, service operators have expanded to infrastructure operators in daily life, including bus, railway and airline companies, as well as operators that have already adopted our “multi-payment service.”」

「“Shiharai Hisho,” a smartphone payment service designed for the expected expansion of a cashless society, went live on 3 August 2017 with Kansai Electric Power as its first client. Kyushu Electric Power, Hokkaido Electric Power, which adopted the service exclusively from us, Tohoku Electric Power, Shikoku Electric Power, which also adopted it exclusively from us, and Hokuriku Electric Power, which adopted it exclusively from us, subsequently launched the service. The number of partner banks reached 27, including Sumitomo Mitsui Banking Corporation and Japan Post Bank, and is expected to increase further. Following electric power companies, service operators have expanded to infrastructure operators in daily life and transportation, including bus, railway and airline companies, as well as operators that have already adopted our “multi-payment service.”」

「Connections have been completed with Sumitomo Mitsui Banking Corporation, Japan Post Bank, The Daisan Bank, The Mie Bank, Chiba Kogyo Bank, Taiko Bank, The Hokkaido Bank, The Akita Bank, The Awa Bank, The Ehime Bank, The Kagawa Bank, The Kochi Bank, The Shikoku Bank, The Tokushima Taisho Bank, The Hyakujushi Bank, The Daishi Bank, The Chikuhou Bank and The Tottori Bank, and further expansion of partner banks is planned. Following Kansai Electric Power, the initial service operator, Kyushu Electric Power, Hokkaido Electric Power, which adopted the service exclusively from us, Tohoku Electric Power and Shikoku Electric Power, which also adopted it exclusively from us, Hokuriku Electric Power, which adopted it exclusively from us, has launched the service. We will continue working to expand its application.」

「Connections have been completed with Sumitomo Mitsui Banking Corporation, Japan Post Bank, The Daisan Bank, The Mie Bank, Chiba Kogyo Bank, Taiko Bank, The Hokkaido Bank, The Akita Bank, The Awa Bank, The Ehime Bank, The Kagawa Bank, The Kochi Bank, The Shikoku Bank, The Tokushima Taisho Bank, The Hyakujushi Bank and The Daishi Bank, bringing the number of partner banks to 16. We have also implemented security features including biometric authentication and real-time monitoring of payment information. Following Kansai Electric Power, the initial service operator, Kyushu Electric Power, Hokkaido Electric Power, which adopted the service exclusively from us, Tohoku Electric Power and Shikoku Electric Power, which also adopted it exclusively from us, have launched the service. We plan to expand it to other electric power companies. We have also stepped up proposals and implementation efforts for operators that have already adopted our “multi-payment service.” In the airline sector, AirAsia Japan has adopted the service, while full-scale implementation has begun on bus routes that have adopted our “Bus Mori!” service, one of our strengths.」

「In addition to Sumitomo Mitsui Banking Corporation, which had been a partner bank from the outset, connections have been completed with Japan Post Bank, The Mie Bank, The Daisan Bank, Chiba Kogyo Bank, Taiko Bank, The Hokkaido Bank and The Ehime Bank, with further increases in the number of partner banks expected.」

「In addition to Sumitomo Mitsui Banking Corporation, which had been a partner bank from the outset, connections have been completed with Japan Post Bank, The Mie Bank, The Daisan Bank, Chiba Kogyo Bank and Taiko Bank, bringing the number of partner banks to 7, with further increases expected. In response to requests from banks for even stronger security, we developed and implemented security features requiring substantial investment, including biometric authentication and real-time monitoring of payment information. With these measures complete, we will work with partner collection agencies to promote app adoption and expand payment volumes.」

「During this process, partnerships with financial institutions have been delayed relative to schedule due to the development and implementation of biometric authentication, requested by financial institutions to strengthen security, and research and development into and implementation of a fraud monitoring system. Without deviating from the concept of the project, we will carefully develop the service as one that will support the next generation of WELLNET. In the fourth quarter, we will begin rolling out the service to our existing partner operators.」

「We are making proposals to electric power companies nationwide and seeking to increase the number of partner banks. However, partnerships with financial institutions have been delayed relative to the original schedule due to coordination required for biometric authentication, requested by financial institutions as a new initiative, and to ensure their understanding of the concept of this business model. Without deviating from the concept of the project, we will carefully develop the service as one that will support the next generation of WELLNET. Because promotions will slip into the fourth quarter as a result of the delayed financial institution partnerships, disclosure of the forecast for the year ending in the 36th fiscal year is also scheduled after the end of the third quarter.」

「To promote this service, we have begun proactive sales promotion activities, including joint efforts with Kansai Electric Power targeting customers who currently make cash payments using payment slips. Going forward, in addition to expanding the service to operators that have already adopted our payment services, increasing the number of partner banks and expanding app distribution, we will conduct proactive consumer promotions to strongly drive growth in payment volumes through wider app adoption and develop the service into one that will support the next generation of WELLNET.」

「Conceived in 2011 for the cashless and electronic money market, which is expected to expand, and subsequently taken through requirements definition and development, “Shiharai Hisho” went live on 3 August 2017, with Kansai Electric Power as its first client.」

「“Shiharai Hisho,” an electronic money service that is one of the core elements of the growth strategy under the Five-Year Medium-Term Management Plan, was scheduled for release in spring 2017. Following additional development and coordination with relevant parties, we decided to release it in summer instead.」

「“Shiharai Hisho,” an electronic money service that is one of the core elements of the growth strategy under the Five-Year Medium-Term Management Plan, was scheduled for release in spring 2017. Following additional development and coordination with relevant parties, we decided to release it in summer instead.」

「We will continue preparing for the spring 2017 launch of “Shiharai Hisho,” an electronic money service that is one of the core elements of the growth strategy under the Five-Year Medium-Term Management Plan.」

「WELLNET will launch its “Shiharai Hisho” fintech service, scheduled for March 2017.」