JCB, Japan’s international payment brand, and NTT Com announced that they will conduct a demonstration test for JCB Mobile Wallet, a one-of-a-kind feature that guarantees the original foreign currency exchange rates for a certain period.
JCB and NTT Com personnel will participate in the test, which will be conducted until the end of November, prior to the scheduled launch of commercial services in Japan and other Asian markets next year.
The multifunctional app, which enables users to instantly create JCB brand virtual prepaid cards, provides a range of useful services, including cashless payments, mobile remittances, account settings and map-based searches for JCB merchants, for the convenience of international students, businesspeople and international residents in Japan. Features include: Multi-Currency Users can exchange home currency to 22 other currencies, with the choice of either a real-time rate or a guaranteed period rate. Guaranteed period rates are a one-of-a-kind feature. Any currency not used within fourteen days is exchanged back at the original rate. Multi-Account Multiple sub-accounts are offered for families and businesses. For example, a parent could charge up the sub-account of a child studying abroad with money whenever needed, 24/7. For corporate accounts, companies can easily manage the balance of sub-accounts when employees travel overseas on business. Multi-Service Many useful services are bundled with the app, such as reserving restaurants and taxis.
The demonstration will be used to confirm the functionality and practicality of the app’s user interface and user experience for various functions and services developed by JCB and NTT Com.
