Billing System, a payment service provider, has teamed up with On Track Innovations (OTI), an Israel-based provider of NFC and cashless payment solutions, to resell oti’s NFC payment solutions in Japan.
The partnership will see Billing System launching oti’s range of NFC-based cashless payment readers and devices to Japan’s retailers, vending machine operators and taxi companies.
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On Track said that its NFC readers and devices will allow Japanese businesses to support the growing domestic and international demand for cashless payments.
Billing System CEO Toshihiko Eda said: "This new alliance with oti is an important strategic step for us, given oti’s already strong global presence, including its 50% market share of the U.S. connected vending machine market.
"Our partnership positions Billing System to capitalize on the rapidly expanding contactless payment market in Japan."
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By GlobalData
