Financial business
TIS has an extensive track record and abundant expertise in the Japanese finance sector. These strengths enable solutions to client problems that help clients innovate and create new business areas. The Company is a Japanese payment industry leader that has brought new value to the world through a number of front-loaded IT business investment projects.
Overview
TIS has over 50 years of experience in finance, with the Japanese payment segment accounting for about 23% of Groupwide consolidated sales. PAYCIERGE is a platform used to provide payment solutions, and one of the Company's mainstay segments. In addition to providing PAYCIERGE and other services, TIS has also been working proactively to help the world go cashless. We are committed to providing the infrastructural support needed for the transition, harnessing our experience in a wide range of financial system-related areas to make safe, secure and convenient payment methods available wherever they are needed.
Our successes are not limited to Japan. The Company's strengths in payments and banking are also being used to help find solutions to several issues of public concern in the ASEAN region such as traffic congestion, the wealth gap and food waste. Working on financial inclusion in the region was the Company's first area of focus. Financial inclusion is the term used to describe efforts designed to remove age-, gender- or net worth-based barriers to financial service accessibility. The Company is working on this topic by actively seeking out local and global partners to spur the collaborative creation of new value in the payment market. The solid reputation earned by the Company's Japanese payment segment and the high quality of the TIS payment platform should bring the same sort of high-added value the Company has generated in Japan to the ASEAN region.
Case Studies
Japanese Mega Bank (Bank A)
Supported the improvement of business efficiency by digitizing workflows, eliminating paper forms in processes ranging from financial statement submissions to center registration.
Major Japanese Retailer (Company B)
Company A, overseeing a multi-tenant commercial facility, swiftly introduced code-based payment systems across all tenant stores. The new system enabled the simplification of tenant management.
Japanese Bank (Bank C)
Upgraded the financial statement entry system used for registering financial statements. Improved OCR reading accuracy led to more efficient financial registration operations.
Our impact
TIS has worked on mission-critical system development for 11 of the top 26 companies by credit card transaction volume. These 11 companies represent about 200 million cardholders and account for about half of Japan's annual credit card retail transaction volume of 81 trillion yen. The number of debit cards issued in Japan has reached 460 million, while payments have grown to 770 million transactions valued at 3.3 trillion yen. Most payments are made using debit cards allied with international brands. TIS commands the lion's share of this market, with about 86% of Japanese payment processors using services such as the Company's Branded Debit Processing Service which provides all the service functions needed for issuing and operating branded debit cards.
Global efforts
The Company's global business segments assist local companies by providing existing technologies sourced from Japan. Cutting-edge technologies and services are also created through financial and business partnerships with ASEAN and Chinese market leaders, autonomously creating markets and growing business domains. X-Tech (cross-technology) is the term TIS uses to describe the activities we are now focusing on to gain a competitive edge and make the most of our strengths. A series of partnerships have resulted in collaborative pioneering of new business areas driven primarily by fintech (financial technology). We will continue to use global partnerships to assist business growth and boost corporate added value.
Strategic partners
| CardInfoLink | TIS began a business and financial partnership with CardInfoLink in 2017. The partnership encompasses a project for QR code payments in Japan and Southeast Asia and a China-centered project for card processing in Japan and Southeast Asia. The companies want to bring IT services of high-added value to Japan, China and Southeast Asia. |
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| AINO | TIS began investing in and partnering with AINO in 2018. We are aiming to take the lead of Transportaion Payment Business in ASEAN by operating more businesses in other cities as well. And it would create Cross-border Maas. |
| Contour | TIS began a business and financial partnership with Contour in 2021. The companies are working in the trade finance sector to provide solutions driven by blockchain technology. Acquiring Contour's knowledge and expertise in trade finance operations will help TIS with digital transformation of trade operations at Japanese banks and other companies. |
NEWS
- TIS releases Acasia 2.0 transport payment package for 15 transport providers in 28 Indonesian cities
- "Acasia" transportation payment solution developed by TIS and Aino adopted by JakLingko, Indonesia's first integrated transportation platform
- TIS enters into Capital & Business alliance with Trade Finance Platform company Contour
Vision
The payment segment is the Company's leading business area, and will continue to be refined as we work on our vision for Japan. Here we want to lower the barriers to financial entry and use financial functions to help solve issues of public concern. Our ultimate aim is to help the country go cashless, increasing convenience and bringing new value to a nation of growing diversity.
Our worldwide vision is to create a merchant payment business network (group of companies) with a strong Asia-wide presence by teaming with global partners to help bring new value to the payment market.