Welcome to the one hundred fifty-fourth edition of the Japan FinTech Observer. This week, we welcome new subscribers from the Bank of Thailand, the Commonwealth Treasury, Vietcap Securities, Broadridge, Tryfunds inc., and the ASEAN+3 Macroeconomic Research Office, among others

I started compiling this edition on Monday morning, while listening to Lloyd Blankfein's "Streetwise" in the background. It just so happened that his memoirs reached the point of the Lehman collapse, the day after which the Dow dropped by around 4.4%. I kept writing, and then took a look at the Nikkei, which was down a little more than 7% at that point. Are you kidding me, worse than the Lehman shock? The Nikkei recovered a bit, and closed down approximately 5%, so I guess we are fine. I hope you are, at least.

Here is what we are going to cover this week:

• Venture Capital & Private Markets: Tokyo-based XTech Ventures closes JPY 13bn Fund III, expanding focus to Space, Defense, and Deep Tech; Japan Airlines internalizes VC operations with launch of Silicon Valley subsidiary and $50M tech fund; new PE fund targets 'Internal Succession' to save Japan’s aging SMEs

• Insurance: Nippon Life to launch 'Pitaho' insurance, tying benefits to actual treatment costs amid rising medical expenses

• Banking: MUFG and AlbaCore team up to target European infrastructure debt gap with new platform; the ascendance of the Hokkoku Digital Banking Overdraft; beyond document generation, MUFG integrates Sakana AI for corporate credit approvals; Mizuho’s custom AI matches GPT-5.2 accuracy on Wall Street speed, keeps bank data strictly on-premise

• Payments: Sony Bank advances web3 ecosystem strategy via stablecoin alliance with JPYC; beyond the hype, mega-banks and exchanges clash with regulatory hurdles in Japan’s stablecoin push; Toys“R”Us Japan deploys Forter’s AI platform, achieving zero fraud and slashing cart abandonment rates; JCB and Resona target 2028 for commercial rollout of world’s first ultra-wideband payment system; NetStars reaches profitability, see record transaction volume and cost efficiency drive first full-year surplus since listing

• Capital Markets: PayPay announced terms for its IPO, planning to raise $1.0 billion by offering 55 million ADSs at a price range of $17 to $20

• Digital Assets: SMBC Nikko partners with Nethermind to bridge TradFi and DeFi via Agentic AI; beyond prime real estate, how Japan is rewiring its capital markets with tokenized assets; Vlightup unveils XRPL-based settlement platform, aiming to eliminate the ‘last friction’ in global trade finance; MoneyX 2026, orchestrating the on-chain revolution in global finance

• The Last Word: Pay & Pension Gender Gap

• Tokyo-based XTech Ventures closes JPY 13bn Fund III, expanding focus to Space, Defense, and Deep Tech: XTech Ventures, a Tokyo-based venture capital firm, has successfully closed its third flagship fund at approximately 13 billion yen ($86 million); the new vehicle, formally named XTech 3rd Investment Partnership, will maintain the firm’s focus on seed and early-stage startups while aggressively expanding its mandate into national-interest sectors such as defense, aerospace, and energy infrastructure

• Japan Airlines internalizes VC operations with launch of Silicon Valley subsidiary and $50M tech fund: Japan Airlines is restructuring its approach to corporate venture capital, announcing the launch of Japan Airlines Ventures (JALV), a wholly-owned subsidiary based in the United States; the move signals a strategic pivot for the carrier, making it the first airline in Asia to transition from a joint-venture investment model to a fully in-house CVC structure

• New PE fund targets 'Internal Succession' to save Japan’s aging SMEs: a consortium of Japan’s leading corporate and financial titans has launched a new private equity fund designed to rescue small and medium-sized enterprises (SMEs) from the country's looming demographic crisis; trading house ITOCHU Corporation, alongside Nomura Holdings and Sumitomo Mitsui Trust Bank, have established the "Team Succession Platform Investment Limited Partnership"; the fund focuses on a highly specific but growing niche: bankrolling internal business successions

• Nippon Life to launch 'Pitaho' insurance, tying benefits to actual treatment costs amid rising medical expenses: Nippon Life Insurance Company has announced the upcoming launch of "Treatment Support Insurance 'Pitaho'," a new addition to its flexible Nissay Mirai no Katachi lineup; set to hit the market on April 2, 2026, the new product aims to tackle the unpredictability of modern healthcare costs by linking insurance payouts directly to the national medical remuneration point system; the development of Pitaho comes in response to the increasing financial strain on patients in Japan; according to data cited by Nippon Life, approximately 30% of hospitalized individuals now face out-of-pocket expenses exceeding 200,000 yen upon admission

• MUFG and AlbaCore team up to target European infrastructure debt gap with new platform: Japanese banking giant Mitsubishi UFJ Financial Group has deepened its integration with London-based credit specialist AlbaCore Capital Group, unveiling a joint platform designed to capture the growing institutional demand for European and UK infrastructure debt; the strategic partnership will see the launch of dedicated investment-grade and high-yield strategies; the move aims to marry MUFG’s dominance in global project finance origination with AlbaCore’s expertise in private credit management and deal execution

• The ascendance of the Hokkoku Digital Banking Overdraft: within the contemporary Japanese financial landscape, digital transformation has become a fundamental survival mechanism for the regional banking sector; the Hokkoku Digital Banking Overdraft service represents this shift, moving beyond incremental product improvement to redefine how regional financial institutions facilitate capital velocity for local enterprises; as a core extension of the "Hokkoku Digital Banking" ecosystem, this service holds the distinction of being the inaugural initiative of its kind among Japanese regional banks; this evolution provides the institutional framework necessary to sustain the digital-native financial solutions required by today’s corporations and sole proprietors

• Beyond document generation, MUFG integrates Sakana AI for corporate credit approvals: Sakana AI and Mitsubishi UFJ Bank announced that their co-developed "AI Loan Expert" system is advancing to a real-world testing phase following a successful six-month proof of concept; the project, a cornerstone of the comprehensive partnership announced by the two firms in 2025, aims to overhaul the bank’s traditional credit approval (ringi) process; having confirmed the system's operational viability at select pilot locations, MUFG is now preparing for a phased rollout across its nationwide network of branches

• Sony Bank advances web3 ecosystem strategy via stablecoin alliance with JPYC: Sony Bank has signed a Memorandum of Understanding with JPYC Inc., the issuer of the yen-pegged stablecoin "JPYC"; the alliance aims to seamlessly integrate stablecoin payments with Sony Bank’s traditional banking infrastructure and entertainment services, marking a significant step in the mainstream adoption of web3 technologies in Japan; BlockBloom, Sony Bank’s wholly-owned Web3 subsidiary, will play a central role in executing this initiative, leveraging its specialized blockchain expertise to bridge the two entities

• Beyond the hype, mega-banks and exchanges clash with regulatory hurdles in Japan’s stablecoin push: as Japan cements its position as a global frontrunner in digital asset regulation, the domestic financial sector is pivoting from theoretical discussions to the practical realities of stablecoin deployment; in a panel discussion hosted at SBI R3 Japan's "Bridging TradFi and Web3" event during Japan FinTech Week, moderator Yusuke Ikunaga of SBI R3 Japan pulled back the curtain on the nation’s stablecoin ambitions with heavyweights from Sumitomo Mitsui Banking Corporation (Hiromitsu Shimoirisa) and crypto exchange SBI VC Trade (Tomohiko Kondo), revealing a landscape brimming with corporate demand but temporarily bottlenecked by stringent regulatory speed limits; the session offered a rare, dual-lens perspective on the market: SMBC detailing the institutional, issuance-side infrastructure, and SBI VC Trade providing a boots-on-the-ground look at domestic circulation and retail adoption

• Toys“R”Us Japan deploys Forter’s AI platform, achieving zero fraud and slashing cart abandonment rates: Toys“R”Us Japan has successfully integrated AI-driven fraud prevention technology from New York-based Forter, a move that has effectively eradicated fraudulent transactions while recovering lost sales tied to checkout friction; following a one-month operational period, the retailer reported zero instances of e-commerce fraud alongside a highly streamlined customer payment experience

• Japan’s proposed "Zero Tax" on food unlikely to spark consumer boom, think tank warns: following a historic election victory, Japan's ruling party is accelerating discussions to temporarily slash the consumption tax on food to zero; but a new research note by the Itochu Research Institute warns that the highly anticipated policy may fail to deliver meaningful economic stimulus—and will end up disproportionately benefiting wealthy households over the working class; according to Deputy Principal Researcher Sota Takano, the proposed two-year tax holiday on essential groceries will do little to move the needle on macroeconomic growth; while it will offer a slight cooling effect on inflation, the actual savings for the average household will be notably modest, prompting economists to suggest that targeted cash handouts would yield a much higher return on government investment

• The Bank of Japan has published a working paper on "Understanding Post-Pandemic Inflation in Japan and the U.S.: A Narrative Sign Restriction Approach"

• Bank of Japan Governor Ueda delivered his opening remarks at the FIN/SUM 2026

• PayPay announced terms for its IPO, planning to raise $1.0 billion by offering 55 million ADSs at a price range of $17 to $20:  cornerstone investors Qatar Holding, Visa, and Abu Dhabi Investment Authority (ADIA) have indicated on $220 million of the IPO, or 21.6% of the deal in total; at the midpoint of the proposed range, PayPay would command a market cap of $12.4 billion; less than a month ago, news reports suggested PayPay had planned to raise money at a valuation of more than $19.6 billion; while PayPay is keeping its float relatively low at 8.2% of shares outstanding, the $1 billion deal size would still represent the largest US IPO from a Japanese issuer on record, above 2016's Line, which completed a dual listing that raised $722 million in the US and $427 million in Japan; FT Partners have also published a company profile

• UBS sees "Oil prices in the driving seat" for the USD/JPY exchange rate

• Standard Chartered has been asked, "Is the Japanese Yen still a safe-haven currency?"

• Zurich Insurance takes on "The Widowmaker": for decades, betting on rising Japanese Government Bond (JGB) yields was called the ‘widowmaker’ trade; Japan’s enormous public debt-to-GDP ratio led many to see JGBs as an obvious "short"; no such luck: yields moved lower and lower... until recently; JGB yields have surged higher; Zurich analyzes the implications of higher bond yields for the economy and financial markets

• SMBC Nikko partners with Nethermind to bridge TradFi and DeFi via Agentic AI: SMBC Nikko Securities has entered into a strategic collaboration with blockchain infrastructure firm Nethermind, aiming to prototype a secure, compliant gateway for Japanese investors to access Decentralized Finance (DeFi) markets, utilizing advanced "agentic AI" to manage trading and risk; the initiative marks a pivotal step for one of Japan’s leading securities firms, signaling a commitment to active infrastructure development; according to the announcement, the collaboration will focus on building tools that allow secure interaction with Automated Market Makers (AMMs); the project places a heavy emphasis on operational robustness and user safeguards, seeking to mitigate the unique risks associated with decentralized environments

• Beyond prime real estate, how Japan is rewiring its capital markets with tokenized assets: Japan’s security token market is quietly undergoing a massive transformation; what began as a niche experiment in digitizing prime Tokyo real estate has ballooned into a market exceeding 130 billion yen, drawing in major financial institutions and retail investors alike; however, as the market matures, industry leaders are warning that outdated regulations and fragmented settlement infrastructure could bottleneck the next phase of growth; in a panel discussion hosted at SBI R3 Japan's "Bridging TradFi and Web3" event during Japan FinTech Week, Takahiro Saito of Daiwa Securities and Tatsuya Saito of blockchain infrastructure provider Progmat laid out the bull case for Real World Assets (RWAs), while issuing a stark call for regulatory reform

• Vlightup unveils XRPL-based settlement platform, aiming to eliminate the ‘last friction’ in global trade finance: Vlightup, a Tokyo-based FinTech firm, has officially launched a "Next-Generation Trade Finance Global Settlement Platform" built on the XRP Ledger (XRPL); the new service aims to synchronize information and fund movement in Letter of Credit (LC) transactions, targeting what the company describes as the "last friction" in trade digitalization: the delay between document verification and actual payment execution; while the digitization of global trade documents—such as electronic Bills of Lading (eB/L) and electronic Letters of Credit (eLC)—has accelerated over the past decade, Vlightup argues that the settlement layer remains archaic

Please follow us to read more about Finance & FinTech in Japan, like hundreds of readers do every day. Our short weekly digest, the “Japan FinTech Observer”, is published on LinkedIn, on Medium, Substack & Paragraph, or on our own FinTech Observer website. Only the latter provides you with the option to subscribe to individual news stories as they are published.

Should you wish to further discuss the Japanese (or Asian) FinTech ecosystem, you may book a consultation via Intro - all proceeds flow towards covering the operating cost of the Tokyo FinTech Association, and research for the Japan FinTech Observer.

Welcome to the one hundred fifty-fourth edition of the Japan FinTech Observer. This week, we welcome new subscribers from the Bank of Thailand, the Commonwealth Treasury, Vietcap Securities, Broadridge, Tryfunds inc., and the ASEAN+3 Macroeconomic Research Office, among others

I started compiling this edition on Monday morning, while listening to Lloyd Blankfein's "Streetwise" in the background. It just so happened that his memoirs reached the point of the Lehman collapse, the day after which the Dow dropped by around 4.4%. I kept writing, and then took a look at the Nikkei, which was down a little more than 7% at that point. Are you kidding me, worse than the Lehman shock? The Nikkei recovered a bit, and closed down approximately 5%, so I guess we are fine. I hope you are, at least.

Here is what we are going to cover this week:

• Venture Capital & Private Markets: Tokyo-based XTech Ventures closes JPY 13bn Fund III, expanding focus to Space, Defense, and Deep Tech; Japan Airlines internalizes VC operations with launch of Silicon Valley subsidiary and $50M tech fund; new PE fund targets 'Internal Succession' to save Japan’s aging SMEs

• Insurance: Nippon Life to launch 'Pitaho' insurance, tying benefits to actual treatment costs amid rising medical expenses

• Banking: MUFG and AlbaCore team up to target European infrastructure debt gap with new platform; the ascendance of the Hokkoku Digital Banking Overdraft; beyond document generation, MUFG integrates Sakana AI for corporate credit approvals; Mizuho’s custom AI matches GPT-5.2 accuracy on Wall Street speed, keeps bank data strictly on-premise

• Payments: Sony Bank advances web3 ecosystem strategy via stablecoin alliance with JPYC; beyond the hype, mega-banks and exchanges clash with regulatory hurdles in Japan’s stablecoin push; Toys“R”Us Japan deploys Forter’s AI platform, achieving zero fraud and slashing cart abandonment rates; JCB and Resona target 2028 for commercial rollout of world’s first ultra-wideband payment system; NetStars reaches profitability, see record transaction volume and cost efficiency drive first full-year surplus since listing

• Capital Markets: PayPay announced terms for its IPO, planning to raise $1.0 billion by offering 55 million ADSs at a price range of $17 to $20

• Digital Assets: SMBC Nikko partners with Nethermind to bridge TradFi and DeFi via Agentic AI; beyond prime real estate, how Japan is rewiring its capital markets with tokenized assets; Vlightup unveils XRPL-based settlement platform, aiming to eliminate the ‘last friction’ in global trade finance; MoneyX 2026, orchestrating the on-chain revolution in global finance

• The Last Word: Pay & Pension Gender Gap

• Tokyo-based XTech Ventures closes JPY 13bn Fund III, expanding focus to Space, Defense, and Deep Tech: XTech Ventures, a Tokyo-based venture capital firm, has successfully closed its third flagship fund at approximately 13 billion yen ($86 million); the new vehicle, formally named XTech 3rd Investment Partnership, will maintain the firm’s focus on seed and early-stage startups while aggressively expanding its mandate into national-interest sectors such as defense, aerospace, and energy infrastructure

• Japan Airlines internalizes VC operations with launch of Silicon Valley subsidiary and $50M tech fund: Japan Airlines is restructuring its approach to corporate venture capital, announcing the launch of Japan Airlines Ventures (JALV), a wholly-owned subsidiary based in the United States; the move signals a strategic pivot for the carrier, making it the first airline in Asia to transition from a joint-venture investment model to a fully in-house CVC structure

• New PE fund targets 'Internal Succession' to save Japan’s aging SMEs: a consortium of Japan’s leading corporate and financial titans has launched a new private equity fund designed to rescue small and medium-sized enterprises (SMEs) from the country's looming demographic crisis; trading house ITOCHU Corporation, alongside Nomura Holdings and Sumitomo Mitsui Trust Bank, have established the "Team Succession Platform Investment Limited Partnership"; the fund focuses on a highly specific but growing niche: bankrolling internal business successions

• Nippon Life to launch 'Pitaho' insurance, tying benefits to actual treatment costs amid rising medical expenses: Nippon Life Insurance Company has announced the upcoming launch of "Treatment Support Insurance 'Pitaho'," a new addition to its flexible Nissay Mirai no Katachi lineup; set to hit the market on April 2, 2026, the new product aims to tackle the unpredictability of modern healthcare costs by linking insurance payouts directly to the national medical remuneration point system; the development of Pitaho comes in response to the increasing financial strain on patients in Japan; according to data cited by Nippon Life, approximately 30% of hospitalized individuals now face out-of-pocket expenses exceeding 200,000 yen upon admission

• MUFG and AlbaCore team up to target European infrastructure debt gap with new platform: Japanese banking giant Mitsubishi UFJ Financial Group has deepened its integration with London-based credit specialist AlbaCore Capital Group, unveiling a joint platform designed to capture the growing institutional demand for European and UK infrastructure debt; the strategic partnership will see the launch of dedicated investment-grade and high-yield strategies; the move aims to marry MUFG’s dominance in global project finance origination with AlbaCore’s expertise in private credit management and deal execution

• The ascendance of the Hokkoku Digital Banking Overdraft: within the contemporary Japanese financial landscape, digital transformation has become a fundamental survival mechanism for the regional banking sector; the Hokkoku Digital Banking Overdraft service represents this shift, moving beyond incremental product improvement to redefine how regional financial institutions facilitate capital velocity for local enterprises; as a core extension of the "Hokkoku Digital Banking" ecosystem, this service holds the distinction of being the inaugural initiative of its kind among Japanese regional banks; this evolution provides the institutional framework necessary to sustain the digital-native financial solutions required by today’s corporations and sole proprietors

• Beyond document generation, MUFG integrates Sakana AI for corporate credit approvals: Sakana AI and Mitsubishi UFJ Bank announced that their co-developed "AI Loan Expert" system is advancing to a real-world testing phase following a successful six-month proof of concept; the project, a cornerstone of the comprehensive partnership announced by the two firms in 2025, aims to overhaul the bank’s traditional credit approval (ringi) process; having confirmed the system's operational viability at select pilot locations, MUFG is now preparing for a phased rollout across its nationwide network of branches

• Sony Bank advances web3 ecosystem strategy via stablecoin alliance with JPYC: Sony Bank has signed a Memorandum of Understanding with JPYC Inc., the issuer of the yen-pegged stablecoin "JPYC"; the alliance aims to seamlessly integrate stablecoin payments with Sony Bank’s traditional banking infrastructure and entertainment services, marking a significant step in the mainstream adoption of web3 technologies in Japan; BlockBloom, Sony Bank’s wholly-owned Web3 subsidiary, will play a central role in executing this initiative, leveraging its specialized blockchain expertise to bridge the two entities

• Beyond the hype, mega-banks and exchanges clash with regulatory hurdles in Japan’s stablecoin push: as Japan cements its position as a global frontrunner in digital asset regulation, the domestic financial sector is pivoting from theoretical discussions to the practical realities of stablecoin deployment; in a panel discussion hosted at SBI R3 Japan's "Bridging TradFi and Web3" event during Japan FinTech Week, moderator Yusuke Ikunaga of SBI R3 Japan pulled back the curtain on the nation’s stablecoin ambitions with heavyweights from Sumitomo Mitsui Banking Corporation (Hiromitsu Shimoirisa) and crypto exchange SBI VC Trade (Tomohiko Kondo), revealing a landscape brimming with corporate demand but temporarily bottlenecked by stringent regulatory speed limits; the session offered a rare, dual-lens perspective on the market: SMBC detailing the institutional, issuance-side infrastructure, and SBI VC Trade providing a boots-on-the-ground look at domestic circulation and retail adoption

• Toys“R”Us Japan deploys Forter’s AI platform, achieving zero fraud and slashing cart abandonment rates: Toys“R”Us Japan has successfully integrated AI-driven fraud prevention technology from New York-based Forter, a move that has effectively eradicated fraudulent transactions while recovering lost sales tied to checkout friction; following a one-month operational period, the retailer reported zero instances of e-commerce fraud alongside a highly streamlined customer payment experience

• Japan’s proposed "Zero Tax" on food unlikely to spark consumer boom, think tank warns: following a historic election victory, Japan's ruling party is accelerating discussions to temporarily slash the consumption tax on food to zero; but a new research note by the Itochu Research Institute warns that the highly anticipated policy may fail to deliver meaningful economic stimulus—and will end up disproportionately benefiting wealthy households over the working class; according to Deputy Principal Researcher Sota Takano, the proposed two-year tax holiday on essential groceries will do little to move the needle on macroeconomic growth; while it will offer a slight cooling effect on inflation, the actual savings for the average household will be notably modest, prompting economists to suggest that targeted cash handouts would yield a much higher return on government investment

• The Bank of Japan has published a working paper on "Understanding Post-Pandemic Inflation in Japan and the U.S.: A Narrative Sign Restriction Approach"

• Bank of Japan Governor Ueda delivered his opening remarks at the FIN/SUM 2026

• PayPay announced terms for its IPO, planning to raise $1.0 billion by offering 55 million ADSs at a price range of $17 to $20:  cornerstone investors Qatar Holding, Visa, and Abu Dhabi Investment Authority (ADIA) have indicated on $220 million of the IPO, or 21.6% of the deal in total; at the midpoint of the proposed range, PayPay would command a market cap of $12.4 billion; less than a month ago, news reports suggested PayPay had planned to raise money at a valuation of more than $19.6 billion; while PayPay is keeping its float relatively low at 8.2% of shares outstanding, the $1 billion deal size would still represent the largest US IPO from a Japanese issuer on record, above 2016's Line, which completed a dual listing that raised $722 million in the US and $427 million in Japan; FT Partners have also published a company profile

• UBS sees "Oil prices in the driving seat" for the USD/JPY exchange rate

• Standard Chartered has been asked, "Is the Japanese Yen still a safe-haven currency?"

• Zurich Insurance takes on "The Widowmaker": for decades, betting on rising Japanese Government Bond (JGB) yields was called the ‘widowmaker’ trade; Japan’s enormous public debt-to-GDP ratio led many to see JGBs as an obvious "short"; no such luck: yields moved lower and lower... until recently; JGB yields have surged higher; Zurich analyzes the implications of higher bond yields for the economy and financial markets

• SMBC Nikko partners with Nethermind to bridge TradFi and DeFi via Agentic AI: SMBC Nikko Securities has entered into a strategic collaboration with blockchain infrastructure firm Nethermind, aiming to prototype a secure, compliant gateway for Japanese investors to access Decentralized Finance (DeFi) markets, utilizing advanced "agentic AI" to manage trading and risk; the initiative marks a pivotal step for one of Japan’s leading securities firms, signaling a commitment to active infrastructure development; according to the announcement, the collaboration will focus on building tools that allow secure interaction with Automated Market Makers (AMMs); the project places a heavy emphasis on operational robustness and user safeguards, seeking to mitigate the unique risks associated with decentralized environments

• Beyond prime real estate, how Japan is rewiring its capital markets with tokenized assets: Japan’s security token market is quietly undergoing a massive transformation; what began as a niche experiment in digitizing prime Tokyo real estate has ballooned into a market exceeding 130 billion yen, drawing in major financial institutions and retail investors alike; however, as the market matures, industry leaders are warning that outdated regulations and fragmented settlement infrastructure could bottleneck the next phase of growth; in a panel discussion hosted at SBI R3 Japan's "Bridging TradFi and Web3" event during Japan FinTech Week, Takahiro Saito of Daiwa Securities and Tatsuya Saito of blockchain infrastructure provider Progmat laid out the bull case for Real World Assets (RWAs), while issuing a stark call for regulatory reform

• Vlightup unveils XRPL-based settlement platform, aiming to eliminate the ‘last friction’ in global trade finance: Vlightup, a Tokyo-based FinTech firm, has officially launched a "Next-Generation Trade Finance Global Settlement Platform" built on the XRP Ledger (XRPL); the new service aims to synchronize information and fund movement in Letter of Credit (LC) transactions, targeting what the company describes as the "last friction" in trade digitalization: the delay between document verification and actual payment execution; while the digitization of global trade documents—such as electronic Bills of Lading (eB/L) and electronic Letters of Credit (eLC)—has accelerated over the past decade, Vlightup argues that the settlement layer remains archaic

Please follow us to read more about Finance & FinTech in Japan, like hundreds of readers do every day. Our short weekly digest, the “Japan FinTech Observer”, is published on LinkedIn, on Medium, Substack & Paragraph, or on our own FinTech Observer website. Only the latter provides you with the option to subscribe to individual news stories as they are published.

Should you wish to further discuss the Japanese (or Asian) FinTech ecosystem, you may book a consultation via Intro - all proceeds flow towards covering the operating cost of the Tokyo FinTech Association, and research for the Japan FinTech Observer.