The Number of TMN Center-Connected Payment Terminals Reached 1 million

Transaction Media Networks, Inc. (TMN) is pleased to announce that the number of payment terminals connected to the TMN Center has reached 1 million as of August 2024.

Expanding Market Share at Brick & Mortar Stores such as Supermarkets and Convenience Stores

In 2011, TMN developed a multi-payment terminal that supports multiple payment brands, which is now the norm, and commercialized a cloud-based e-cash service^*1 for the first time in Japan. Since then, it has expanded its services to include various payment methods such as credit cards, QR/barcodes, alongside e-cash. TMN has expanded its services in the face-to-face payment area mainly in brick & mortar (B&M) stores such as supermarkets, convenience stores, and drug stores, and has grown to become one of the leading payment platforms in Japan.

The electronic payment ratio in Japan is expected to rise to 39.3% in 2023, and the government's target of "40% by 2025" is estimated to be achieved ahead of schedule. TMN’s payment processed amount in FY2023 reached 4.6 trillion JPY, expanding at a growth rate that exceeds the market. In addition, the lifting of the ban on digital salary payment is expected to become a tailwind for the electronic payment market that will continue to expand in the future. TMN believes that its payment platform, which now includes more than 1 million units, will continue to grow its importance as a part of future social infrastructure.

• An electronic payment method in which the terminal is equipped with only the minimum necessary functions such as reading, and all remaining processing is performed on the server side

Developing New Businesses that Utilize the 1 million Terminal “Faces”

TMN is promoting the transaction platform services as its new business that utilizes the 1 million terminal “faces” that were built through its electronic payment service. Based on the business concept of “society is stronger when everyday data is connected”, the transaction platform services aims to contribute to various social issues faced by businesses and consumers by aggregating more information from each point of contact and providing solutions that promote the complex use of diverse data by businesses.

• QR Code is a registered trademark of DENSO WAVE INCORPORATED.