Evolve Markets
ANX Intl
Latest News

Japanese bank Mizuho enters joint venture with Metaps for digital wallet app

Mizuho Financial Group, Mizuho Bank, Metaps and World Innovation Lab, LLC have recently announced an agreement for capital participation and business cooperation for the purpose of providing a new payments settlement service.

Based on a MoU signed by the four companies on October 13, 2016, the four parties will establish a new company with the primary purpose of providing a new digital wallet app for electronic payments and leveraging big data.

This jointly-established new company will be able to take advantage of Mizuho’s customer base and expertise in financial services together with Metaps’ data analytics and electronics payments knowledge and smartphone app expertise, along with support from WiL, a venture capital firm with an extensive network of innovative service providers, to create and provide the new payment services detailed below.

Overview of new company

The following basic points were agreed upon regarding the company’s establishment. The company’s capital structure will be negotiated between the four founding companies with consideration of the new company’s medium- to long-term outlook.

1. Name: M Wallet Preparation Company Inc.
2. Head office location: 6-8-1 Nishi Shinjuku, Shinjuku-ku, Tokyo
3. Purpose of business: 1) Facilitation of electronic payment via digital wallet app 2) Payment data-leveraged marketing 3) Other related business
4. Date of establishment: May 1, 2017 (scheduled)
5. Representative Director: Mitsuhiko Ogihara (currently President & CEO of SPIKE Payment Inc.)
6. Launch of operations: Summer 2017 (scheduled)

Outline of digital wallet app for electronic payment

1. Issuance of e-money credited directly from bank account
2. Provision of digital wallet app that utilizes e-money
3. Targeted marketing that connects users with member stores through analysis of payment data

The four companies plan to continue to explore the possibilities of FinTech services through the development of this digital wallet app.


20 Sep 2017 - 10 Jan 2018


GoldMint is a blockchain-based platform that uses GOLD digital assets, which are 100% backed by physical gold or exchange-traded funds (ETF). This means that one GOLD costs the same as one ounce of gold on the LBMA exchange.

View Details

02 Oct 2017


B2BX is a multifunctional system, which is an aggregator of cryptocurrency liquidity for marginal trading and liquidity distributor for brokerage companies.

View Details

14 Oct 2017


Worldcore was already known as a successful payment institution when Ethereum was created. Since its launch, Worldcore has started offering a wide range of payment products, won awards and opened its virtual doors to thousands of customers worldwide.

View Details

18 Oct 2017


HydroMiner is a cryptocurrency mining company using green energy drawn from hydro power stations in the Alpine region of Europe. Hydro power is generally thought to be one of the most effective and lowest-cost renewable energy resources.

View Details

Leave a Reply

Be the First to Comment!

Notify of