TMN’s cloud-based electronic money payment service has been adopted for NEC’s next-generation payment system. Lower implementation costs and greater scalability are expected, and expansion of the service to FamilyMart is also envisaged.
TMN announced that its cloud-based electronic money payment service would be adopted for NEC’s next-generation payment system. The companies have an existing collaboration track record through MSGW, and the service has been implemented in projects for multiple financial institutions. With this adoption, TMN’s payment service will also be used on NEC’s payment infrastructure.
The advantages of cloud-based payments include lower terminal prices, lower implementation costs and greater flexibility and scalability when operators change their initiatives after implementation. TMN has already deployed its services across a range of settings, including retail and beverage vending machines, and applying them to the next-generation payment system is expected to improve operational convenience.
TMN currently processes ¥5.5 trillion and 2.8 billion payments annually. Payment volumes are expected to increase significantly with the introduction of NEC’s next-generation payment system. TMN also plans to contribute to the expansion of cashless payments through collaboration with other companies, including the expansion of service provision to FamilyMart.
TMN will continue to promote collaboration with a range of businesses and seek to expand the cashless society and improve convenience by providing payment services using white-label solutions.