Announced details
Corporate collection of funds, account debits for re-billing, and account debits at any timing agreed with the user
The service is expected to reduce the burden on client companies associated with contracts and administrative procedures, management and settlement of collected funds, and connections to individual systems (quantitative data: Not disclosed).
The 3 companies are collaborating. MUFG Bank supports the overall planning, development and rollout of the service, while the Company is responsible for building, operating and maintaining the core system infrastructure. Capital and personnel relationships: Not disclosed.
Mitsubishi UFJ Factor Co., Ltd.: Head office: WATERRAS TOWER, 2-101 Kanda-Awajicho, Chiyoda-ku, Tokyo; Representative Director and President: Yamaguchi Takuma (山口琢磨). MUFG Bank, Ltd.: Head office: 1-4-5 Marunouchi, Chiyoda-ku, Tokyo; Representative Executive Officer and Head of Corporate Banking: Osawa Masakazu (大澤正和). Business activities, capital and year established: Not disclosed.
In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.
| Item | Details |
|---|---|
| Names of Products / Services Covered | Wide Net Zero (multi-bank instant account debit service) |
| Counterparty | Mitsubishi UFJ Factor Co., Ltd., 株式会社三菱UFJ銀行 |
| Counterparty overview | Mitsubishi UFJ Factor Co., Ltd.: Head office: WATERRAS TOWER, 2-101 Kanda-Awajicho, Chiyoda-ku, Tokyo; Representative Director and President: Yamaguchi Takuma (山口琢磨). MUFG Bank, Ltd.: Head office: 1-4-5 Marunouchi, Chiyoda-ku, Tokyo; Representative Executive Officer and Head of Corporate Banking: Osawa Masakazu (大澤正和). Business activities, capital and year established: Not disclosed. |
| Relationship with the Company | The 3 companies are collaborating. MUFG Bank supports the overall planning, development and rollout of the service, while the Company is responsible for building, operating and maintaining the core system infrastructure. Capital and personnel relationships: Not disclosed. |
| Launch date | 24 September 2026 (already launched) |
| Applicable area | Corporate collection of funds, account debits for re-billing, and account debits at any timing agreed with the user |
| Quantitative Effects | The service is expected to reduce the burden on client companies associated with contracts and administrative procedures, management and settlement of collected funds, and connections to individual systems (quantitative data: Not disclosed). |
Items this document does not state (11)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To meet corporate demand for immediate collection of funds and support for multiple financial institutions. The service is also intended to reduce the burden on client companies associated with contracts and administrative procedures for each financial institution, fund management and settlement, and connections to individual systems.