Agreements reached under this partnership
Business alliance- 1
The parties will pursue an initiative to use FPoS (FinTech Platform over Security module), provided by my FinTech Co., Ltd., a Japan Communications subsidiary that operates an accredited electronic certification authority under the Electronic Signatures Act, for installment sales and related activities involving JINS products.
These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.
| Item | Details |
|---|---|
| Name of alliance partner | JINS HOLDINGS Inc. |
| Alliance partner's business activities | Installment sales and related activities involving JINS products |
| Type of alliance | Business alliance |
| Details of the alliance | The parties will pursue an initiative to use FPoS (FinTech Platform over Security module), provided by my FinTech Co., Ltd., a Japan Communications subsidiary that operates an accredited electronic certification authority under the Electronic Signatures Act, for installment sales and related activities involving JINS products. |
Items this document does not state (19)
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.Installment sales require assessment of buyers’ creditworthiness, receivables management and measures to address the risk of non-collection, while outsourcing these functions to credit card companies or consumer finance companies entails significant fees. Japan Communications believes that transaction records from users who have undergone rigorous identity verification through FPoS can be used for new forms of microfinance, including installment sales.