The Glory Group of Japan is now among the largest international cash management solutions providers, with more than 2,500 direct employees and a distribution network spanning more than 100 countries globally. With this, the total global business now has more than 9,000 employees and revenues exceeding $.1.5 billion per annum. The Glory Group Solutions is the combination of engineering and consultative experience from both legacy companies, enabling delivery of truly innovative, personalised solutions for clients. Glory and Talaris international distribution partners continue to be partners of the new Glory Global Solutions.
Visa account holders continued packing their bags as aggressively as they did in 2011, according to 2012 Travel Snapshots. VisaVue Travel data showed spending by Visa account holders traveling to Brazil, Canada, Mexico and United States jumped 6% to $57 billion compared to 2011. With this, China knocked the U.K. out of the top three inbound countries traveling to the U.S. for the first time since 2009, up 30% Y/Y. Visa account holders from Brazil, Canada, Mexico and the U.S. showed more interest in Japan, boosting tourism spend in the country by an average of 25% to $948M while Visa account holders in Africa dramatically increased travel spending in the U.S. 17% to $585M on their Visa accounts.
GlobalCollect announced the further expansion of its Asia Pacific operations with the opening of their Shanghai office, with plans to expand to Beijing, as well as into Japan and Australia. These offices are in addition to the regional headquarters opened by GlobalCollect in Singapore in 2008. The expansion into the People’s Republic of China is in support of GlobalCollect’s commitment to customer advocacy and its mission to deliver outstanding customer service. GlobalCollect is the preferred payments partner for hundreds of international Tier 1 brands including regional companies like Air China, Hainan Airlines, Lightinthebox, DHgate, DinoDirect and SmartBuyGlasses.com Optical Group. GlobalCollect contributes to the growth of these companies through its broad global portfolio of more than 150 local payment methods, enabling transactions in more than 170 countries around the globe through a single contract and technical interface.
Banco Bilbao Vizcaya Argentaria (BBVA) is starting JCB merchant acquiring operations based on a license agreement with JCB International (JCBI) global payment brand. BBVA will start facilitating JCB acceptance at BBVA-acquired merchants throughout Spain to serve its merchants better by offering them the opportunity to capture JCB card sales along with other global payment brands as well as helping merchants give customers the opportunity to pay with their preferred card. BBVA merchant acceptance will significantly increase JCB brand coverage, which will continue to efforts on improving card acceptance.
Discover Financial Services (DFS) and Interswitch payment processing and Verve card network promoter forged their strategic alliance. This will allow Discover and Diners Club International (DCI) card acceptance at Interswitch-enabled ATM and POS terminals. This also allows Verve cardholders to have access to Discover, Diners Club International and PULSE networks for international purchases and cash access internationally. The partnership will focus first on enabling about 20 million Verve cards on the PULSE global ATM network, followed by acceptance opportunities for Discover and Diners Club cards and then the acceptance of Verve cards across the Discover global network. The Discover global network, which includes Diners Club, PULSE and other partner networks, provides acceptance in more than 185 countries and territories.
OKI deploys its cash-recycling ATMs, ATM-Recycler G7, to PT Bank Central Asia Tbk. These deliveries follow ATM-Recycler G7 installations in Russia announced last year, and will mark OKI’s first delivery of its cash-recycling ATM in Southeast Asia. OKI plans to accelerate global sales development of its ATMs and aims for 40% market share in the global ATM market, namely in emerging markets, where continuing growth is expected. Economic growth continues in Indonesia and installation of ATMs and CDs (cash dispensers) reached 50,000 units in 2011, the largest in South East Asia. The number is expected to continue expanding to 80,000 units by 2015 following the economic growth.
Nihon PayPal KK (President and CEO: Hiroaki Kitano), SoftBank Mobile (President and CEO: Masayoshi Son) and PayPal Pte Ltd (Vice President, Asia Pacific: Rohan Mahadevan) announce a full-scale expansion of PayPal Here, a global mobile payment solution from PayPal Pte Ltd, to small businesses and entrepreneurs through over 2,700 SoftBank retail shops and business sales networks across Japan. PayPal Here allows merchants to focus on maximizing their sales opportunity by offering credit card and PayPal payments to their customers. PayPal Here encrypts card information as it swipes and all transactions are backed by PayPal’s world-class security and fraud prevention capabilities as well as live customer support. In doing so, the partnership launched an Android app and made available the SoftBank “Mobile Perfect SP” integrated transaction information report.
Deutsche BankDeutsche Bank jointly developed and implemented its cash management solution with General Electric’s Treasury team. Customizing NTT Data’s eBAgent in order to streamline General Electric’s Japanese Yen payment and reporting processes, the partnership is focused on managing multi-bank relationships. Addressing issues of multiple proprietary banking platforms with different interfaces and formats, the Deutsche Bank’s solution helps address these issues by offering a single conduit to process multiple bank payments over NTT Data’s ANSER and harmonise the reporting into a unified format. It also lets clients consolidate their banking interfaces, saving on transaction and maintenance costs.
Gemalto digital security is providing its Allynis Trusted Service Management (TSM) solution to KDDI mobile network operators to provide NFC airline boarding service. Gemalto has been delivering its UpTeq NFC high end SIM to KDDI since March 2012 and now aims to boost usage of mobile boarding by providing increased speed and convenience to end users while reducing operational costs. Gemalto’s TSM allows KDDI to securely download the JAL application into the SIM, enabling passengers to just tap their mobile phone when required to present their boarding pass. It can easily expand using Gemalto’s TSM to include additional NFC services and applications such as contactless payments, loyalty programs, transportation and couponing.
mopay mobile payment solutions for online merchants continued global expansion with two new representative offices in Asia. Located in Seoul, Korea and Jakarta, Indonesia, mopay’s expanded presence will support Asian online merchants to grow internationally. Since establishing its regional headquarter in Beijing in 2010, mopay has succeeded in building a well-trusted payment brand among Asian merchants, acquiring over 100 new clients in the region, including Tencent, Shanda Interactive and Changyou. Today, mopay is working with nine out of China’s top ten online game companies.
MasterCard Worldwide announced record growth of its contactless payments technology, MasterCard® PayPass™, across the Asia/Pacific, Middle East and Africa (APMEA) region in 2012, citing a 28% (YoY) increase in merchant locations. MasterCard’s PayPass contactless payment network now boasts nearly 700,000 merchant locations in 51 countries as of Q4 2012. Growth data reflects a strong demand from consumers for fast and convenient alternative to cash for everyday purchases in region, including those in emerging markets like Vietnam, which last month launched contactless payments for the first time. In Australia, more than one-in-ten card transactions under $100 is now being made with PayPass. In Singapore, transactions made using PayPass at last year’s Great Singapore Sale (GSS) grew 100-fold, with total spend up by more than 54%. In New Zealand, all new consumer credit and debit cards issued are enabled with PayPass. Consumer-led demand for contactless technology drove uptake among the country’s most popular retailers, including Bunnings, Kmart, The Warehouse, Resene, Repco, and BP.
OKI deployed its “RG7 Currency Exchanger” to Travelex Japan. The currency exchange machine, capable of simultaneously recycling deposits and withdrawals between Japanese yen and multiple foreign currencies, is projected for sales of more than 100 units to Travelex Japan over the next three years. The “RG7 Currency Exchanger” introduction to Travelex Japan, OKI is automating exchange tasks that used to be handled manually. This enhances customer service and accelerates the pace of foreign currency exchange transactions.