Malaysia-based Fintech firm Soft Space has teamed up with Japan’s GMO Financial Gate (GMO-FG), a payment service provider, in order to offer payments solutions to Japanese consumers.
Through the partnership, Soft Space will be supporting the secure and seamless Europay, Mastercard, and Visa (EMV) transactions. Soft Space will also introduce its suite of payment solutions into different industry sectors in the Japanese markets. Soft Space and GMO-FG are also planning to support more acceptance points in the future.
Developed by Soft Space’s technology, these payment solutions aim to take advantage of the convenience offered by smart devices. Customers may use the platform to easily carry out cashless card transactions. Merchants and other partners that use these payment solutions can potentially lower their overall operational costs.
Joel Tay, CEO at Soft Space, stated:
“Soft Space is grateful to be part of the initiative to advance Japan’s payment scene through our partnership with GMO-FG. Japan has been pushing cashless acceptance, particularly contactless payments, and this collaboration will enable us to expand and establish our presence across Japan and give options to a variety of sectors to adopt our payment solutions.”
Kentaro Sugiyama, CEO at GMO-FG, remarked:
“The current pandemic has recognized going cashless as a social responsibility, and we are pleased to work alongside Soft Space, who is a key player in the area of contactless payments. This enables us to meet our merchants’ requirements in providing them with a safe and secure cashless platform while contributing to Japan’s cashless market growth.”
Soft Space has also introduced its Fasstap, a tap-to-phone solution which has been adopted by Fujitsu Frontech, an auto-machine manufacturing firm, so that it can provide buses with the ability to take card payments via an Android based tablet.
By offering Soft Space’s solution to the auto-machine manufacturing firm, this project provides support to Japan’s Ministry of Land, Infrastructure, Transport and Tourism initiative. This will allow passengers to make payments by tapping their contactless cards on a tablet that comes with the Soft Space software.