Soft Space partners with Sumitomo Mitsui Card Company (SMCC) to provide payment solutions, including the integration and customisation of Mobile Point of Sales (MPOS), E-wallet solutions, providing EMV card readers and collaborating in digital payments related opportunities with SMCC.
SMCC is part of Japanese conglomerate Sumitomo Financial Group (SMFG), parent company of Sumitomo Mitsui Banking Corporation (SMBC). This partnership is set to increase their brand awareness, expand their customer base and enhance their products and services that they are offering.
Targeted countries for SMCC using Soft Space technology include Malaysia, Singapore, Philippines, Thailand, Vietnam, Indonesia, Myanmar, Cambodia, India and Japan. In January 2017, Soft Space and SMCC signed a Memorandum of Understanding (MOU) to offer innovative payment solutions in Southeast Asia and Japan. This collaboration has introduced Soft Space’s solution to local Japanese companies and banks operating within Southeast Asia.
Soft Space is one of the major MPOS provider in the region that aims to transform the payment industry. The fintech company is the first in Asia to obtain a centralised EMV Level 2 certification for cloud-based server, and their solutions are certified by EMV, PCI and major card schemes; making it secure, credible and recognised globally.
“This business alliance with SMCC will assist Soft Space in achieving our strategic business objectives and increase our growth opportunities in the targeted countries. Through this business alliance, Soft Space hopes to create stronger relationship with SMCC, SMBC and other SMFG affiliates for mutual business
expansion”, quoted Joel Tay, the CEO of Soft Space. He also mentioned that the partnership can provide important consumer behavior data and information in order to improve Soft Space’s payments solutions.
(Feature image: (L-R): [Sumitomo Mitsui Card Co., Ltd.] Joe Iwata; Kosuke Shimada – Assistant General Manager; Hikaru Matsui – General Manager; Kazunori Okuyama – Senior Managing Director & Representative Director; [Soft Space Sdn. Bhd.] Chang Chew Soon – Founder; Chris Leong – Chief Strategy Officer; Joel Tay – Chief Executive Officer