Digital Garage has increased its shares in Pocket Change, making it an equity-method affiliate.
Additionally, a capital and business alliance was formed among three companies, including JCB, a shareholder of Pocket Change.
These three companies had already built and provided services for the “Hachi Pay” digital regional currency app in Shibuya Ward. In the future, they aim to offer combined payment solutions from Digital Garage and JCB to affiliated stores, as well as develop and introduce original electronic money, and build a unique economic sphere. The market size for original electronic money is estimated to exceed 5 trillion yen.
Since 2016, Digital Garage has supported the management of Pocket Change through investments from DG Ventures, among others. They aim to achieve a transaction volume of more than 15 trillion yen by the fiscal year ending March 2028, as part of their medium-term management plan. By incorporating Pocket Change into the group, they plan to advance payments leveraging original electronic money and promote digital transformation (DX).
Notice
This article was generated using automatic translation by GPT-4 API. The translation may not be accurate.
