Mizuho and Marubeni Initiate Asean Fintech Partnership

Mizuho and Marubeni Initiate Asean Fintech Partnership
27.03.2017 02:00 pm

Mizuho and Marubeni Initiate Asean Fintech Partnership

IT Innovations

Mizuho Financial Group, Inc. (President & Group CEO: Yasuhiro Sato, “Mizuho FG”), Mizuho Bank, Ltd. (President & CEO: Nobuhide Hayashi, “Mizuho Bank”), and Marubeni Corporation (President & CEO: Fumiya Kokubo, “Marubeni”) have agreed to start exploring for opportunities to provide new financial services utilizing FinTech in the ASEAN region.

As various new FinTech based financial services are recently being offered, Mizuho and Marubeni will explore opportunities to provide community-based financial businesses in the ASEAN region where the settlement and e-commerce market is expected to greatly expand in the future.

In specific terms, they are considering to provide services by utilizing e-money and aim to offer financing services based on the transaction data accumulated through the settlements, and digital marketing services. 

Mizuho FG, Mizuho Bank, and Marubeni will first form an integrated project team of Japan and ASEAN, and will strive for early realization of the above initiatives by fully utilizing Mizuho Group’s know-how in the financial field, progressive initiatives in the FinTech business field, and network with startup companies, and Marubeni’s network in the ASEAN region with local partners.

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