Aug 29, 2013

[Sd] Japanese mobile payments processor Coiney raises $5M

Tokyo-based Coiney, a startup focused on providing mobile payments solutions in Japan, announced today that it has raised 500 million yen (over $5 million) from Credit Saison, one of Japanese top credit card companies. 
Coiney was launched back in March of 2012 and has been providing mobile payments solutions using swipe card readers for smartphones. This, of course, puts them in the same space as Square, Paypal Here, and Rakuten Smartpay. ...
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Sd 8/28/2013 [en]

  • Square entered into Japan market late May this year with lower commission rate, 3.25% while others took 4 - 5%. Just after the entry, other three changed the rate to 3.24%. It seems difficult to differentiate each other for the service except the commission rate. It is interesting to see how the market will be like.

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