JR Kyushu to Launch Full-Scale Financial Services
Fukuoka, Sept. 25 (Jiji Press)--Japan's Kyushu Railway Co., or JR Kyushu, said Friday that it will launch financial services in earnest in partnership with SBI Holdings Inc. The railway operator will develop an app, tentatively called JQ Bank, to centrally manage services such as deposits and payments, planning to launch it within fiscal 2027. JR Kyushu, which has run financial operations...
Fukuoka, September 25 (Jiji Press) - Kyushu Railway Co., or JR Kyushu, announced plans to launch comprehensive financial services in collaboration with SBI Holdings Inc. on Friday. The railway operator intends to develop an app, provisionally named JQ Bank, to consolidate services like deposits and payments, with a launch slated for fiscal 2027.
JR Kyushu, which has previously operated financial services through its smart card and other platforms, will officially enter the financial sector upon acquiring a bank agency license. The company aims to enhance customer convenience by merging railway and financial services.
Exclusive to online members, the upcoming JQ Bank app will offer banking and securities services from SBI Shinsei Bank and SBI Securities Co., both affiliates of SBI Holdings, a prominent Japanese online financial service firm. Additionally, the app will provide insurance and crypto asset services.
JR Kyushu also envisions offering points to customers based on their deposit balances, leveraging its existing loyalty point program.
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