Soft Space Deepens Push into Japanese Market with GMO Partnershipby Fintech News Malaysia January 5, 2021
Malaysian fintech startup Soft Space has announced that it has partnered with GMO Financial Gate (GMO-FG), a Japanese payment service provider, to introduce payment solutions within the Japanese market.
With this partnership in place, Soft Space will be able to support secure and seamless Europay, Mastercard, and Visa (EMV) transactions, and allow it to introduce its suite of innovative payment solutions into various industry sectors in Japan. In the near future, Soft Space and GMO-FG aim to deploy more acceptance points.
Developed by Soft Space’s homegrown technology, these suite of payment solutions capitalise on the convenience of smart devices to perform cashless card transactions. Merchants and partners that adopt these payment solutions will reportedly be able to securely transact and lower their cost of operations.
“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.”
said Joel Tay, the Chief Executive Officer of Soft Space.
“The current pandemic has recognised 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.”
said Kentaro Sugiyama, the Chief Executive Officer of GMO-FG.
In an effort to further encourage contactless payments in Japan, Soft Space has launched its Fasstap, a Tap to Phone solution which was adopted by Fujitsu Frontech, an auto-machine manufacturing company so that it can equip buses with the ability to accept card transactions on an Android based tablet.
By providing Soft Space’s solution to the auto machine manufacturing company, this initiative supports Japan’s Ministry of Land, Infrastructure, Transport and Tourism initiative where passengers can pay by simply tapping their contactless cards on a tablet equipped with Soft Space’s solution.
Prior to this, Soft Space also partnered with Japan’s JCB in efforts to push contactless payments