JCB and Resona Holdings have signed a capital and business alliance agreement. Resona plans to acquire 2.24% of JCB's issued shares around mid-November, bringing its ownership stake to 5.27%. The companies aim to advance corporate payments and cash management and improve convenience for consumers.
JCB and Resona Holdings have signed a capital and business alliance agreement, and Resona Holdings is expected to acquire additional JCB shares, bringing its ownership stake to 5.27%. It plans to acquire 2.24% from an existing shareholder, with completion of the procedures expected around mid-November.\n\nAgainst the backdrop of the growth of cashless payments and advances in digital technology, the two companies aim to improve the efficiency of corporate payments and collections, advance cash management, and provide seamless, convenient services for consumers. They will integrate JCB's payment network and merchant base with the financial capabilities, customer touchpoints and regional network of the Resona Group to create new value.\n\nSpecifically, the companies plan to improve the efficiency of payment operations and advance cash management by expanding corporate card and business-to-business payment services. They will also use their customer bases and merchant networks to provide convenient and secure payment experiences in regional communities and everyday settings. Building on their collaboration to date, they will pursue the creation of new services and business opportunities.