TMN begins Japan Market Commercialization Support for Square’s New Payment Terminal “Square Handheld”

Transaction Media Networks, Inc. (TMN) is pleased to announce that it will begin supporting the Japanese market commercialization support of Square K.K (Japanese subsidiary of Block, Inc., hereinafter referred to as Square)’s new payment terminal Square Handheld, introduced to Japan from July 2025, in addition to providing e-cash payment service to the new terminal.

Square Handheld can now accept 11 e-cash brands, including transportation ICs, through TMN’s gateway service.

5^th Square Payment Terminal localized for Japanese Market

TMN has been working as a Japanese market development partner for of Square terminals since 2020 and is currently handling all Square payment terminals that support e-cash. To respond to the widespread use of e-cash in Japan, it is necessary to comply with various standards set by electronic money brands and to cooperate with Japanese local partners. TMN has been a pioneer in cloud-based e-cash services in Japan and has contributed to Square's business expansion in the Japan market.

Square Handheld recently released by Square is a portable terminal that is convenient for payments at table and in event venues. Due to its different form from previous Square terminals, its expectation of e-cash usage scenarios is expected to expand in locations such as restaurants, and TMN’s track record as a domestic partner played roles in TMN selected as Square Handheld’s Japanese market development partner.

According to the Ministry of Economy, Trade and Industry (METI), Japanese market e-cash payment volume in 2024 began to decline YoY, but the amount of e-cash payments processed by TMN center continues to increase steadily at an annual rate of 8%*. In particular, the amount of e-cash payments at Square merchants are also increasing, and Square's ratio of the TMN center’s payment processing is also expanding. This shows that Square merchants still have a high demand to use e-cash.

While TMN mainly provides services to large-scale businesses, Square mainly provides services to SMBs (Small and Medium Businesses) with its strengths in solutions that allow anyone to easily introduce electronic payments. TMN will provide white-label e-cash service to Square to contribute to improving convenience for SMBs and the development of a cashless society.

　

• CAGR (compound annual growth rate) in FY2022~FY2024
　

＜Compatible E-Cash Brands＞

Public Transportation IC (Kitaca, Suica, PASMO, TOICA, manaca, ICOCA, SUGOCA, nimoca, Hayakaken), iD, QUICPay

　

• Kitaca is a registered trademark of Hokkaido Railway Company.
• Suica is a registered trademark of East Japan Railway Company.
• PASMO is a registered trademark of PASMO Co., Ltd.
• TOICA is a registered trademark of Central Japan Railway Company.
• manaca is a registered trademark of Nagoya Transportation Development Organization Co. Ltd and MIC Co., Ltd.
• ICOCA is a registered trademark of West Japan Railway Company.
• SUGOCA is a registered trademark of Kyushu Railway Company.
• nimoca is a registered trademark of Nishi-Nippon Railroad Company, Ltd.
• Hayakaken is a registered trademark of Fukuoka City Transportation Bureau.
• iD is a registered trademark of NTT DOCOMO, INC.
• QUICPay is a registered trademark of JCB Co., Ltd.