FRIDAY, March 29, 2024
nationthailand

Resona’s cashless platform for banks targets restaurants, retail

Resona’s cashless platform for banks targets restaurants, retail

MAJOR BANK GROUP Resona Holdings Inc plans to sell regional banks a cashless settlement platform for retail and restaurant businesses, its president Kazuhiro Higashi said.

With the platform, including settlement terminals at outlets, “Resona can make a foray into the market of regional banks while they can provide [settlement] services without development costs,” Higashi said. The holding company developed Resona Cashless Platform, which enables customers to settle their payments with credit card, electronic money and quick response, or QR, codes on a single terminal at the outlet. Resona now accepts orders from retailers, restaurants and others.
The company has received inquiries from around 10 regional banks, Higashi said, seeing a chance to develop collaboration with such lenders.
Higashi also referred to the Resona Group app, launched in February, a smartphone app through which depositors can transfer money, buy investment trust funds and make other transactions. “We’ll consider offering the service to regional banks as well if their reactions are positive,” he said.
Regarding other major banking groups’ plan to make their automated teller machines available to each other’s depositors, Higashi said Resona’s participation is “possible but not being considered. Joint ATM operations may make it difficult to take a differentiation strategy,” Higashi said, adding his group is trying to make ATMs a next-generation communication tool, not merely a cash machine. 
 

RELATED
nationthailand