Resona Holdings and JCB have entered into a capital and business alliance agreement. Resona Holdings is expected to acquire additional shares in JCB, raising its stake to 5.27%, with the aim of creating new value beyond the boundary between payments and finance.
Resona Holdings and JCB entered into a capital and business alliance agreement. Resona Holdings plans to acquire 2.24% of JCB’s issued shares from existing shareholders around mid-November, following which its stake in JCB will be 5.27%.
The background and purpose of the alliance include growing expectations for more efficient payment operations and more sophisticated cash management for corporate customers, as well as convenient services that become an integral part of individual customers’ lives, amid the expansion of cashless payments and advances in digital technology.
The alliance aims to expand the provision of payment services that enhance corporate productivity and promote the adoption of cashless payments among regional communities and businesses, while integrating payments and financial services to create new services and user experiences.