DG Financial Technology, Inc. (DGFT), a subsidiary of Digital Garage, Inc., and au Financial Service Corporation (au Financial Service) entered into a business alliance agreement on May 8, 2024, to collaborate in the payment business.Business Alliance Agreement • May 9th, 2024
Contract Type FiledMay 9th, 2024Cashless payments, such as credit card and QR code payments, accounted for 39.3% of total Japanese consumption in 2023, hitting a record high, and the size of the market surpassed 126 trillion yen. The “Cashless Vision” drawn up by the Ministry of Economy, Trade and Industry (METI) in 2018, with its policy of targeting a cashless ratio of 80%, one of the highest in the world, is expected to lead to continued market growth in the years ahead.