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Business trends

Japanese card issuers ready e-payment services for ASEAN

The Aeon group and JCB see great potential in largely untapped markets

The Aeon group's operations include financial services for consumers.

TOKYO -- Japanese credit card companies are gearing up to cultivate demand for smartphone-based funds settlement services in Southeast Asia, where many people still lack such basic financial services as banking and credit cards.

Aeon Financial Service will launch a smartphone-based payment service in Cambodia as early as April. Users will pay for shopping and send money with a smartphone app and e-money offered by the company. The riel-denominated e-money will be purchasable at malls of sister company Aeon Mall and elsewhere.

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