KDDI will transfer five companies, namely Jibun Bank, which will become KDDI’s subsidiary, as well as KDDI Financial Service, WebMoney, KDDI Asset Management and KDDI Reinsurance, which are KDDI’s subsidiaries, to the control of ‘au Financial Holdings’ on 1 April.
In addition, KDDI plans to unify the company names of the five companies under the control of “au Financial Holdings” and au Insurance Company, and kabu.com Securities, which are members of the KDDI group, to names that include the au brand. KDDI (au) will soon start the ‘Smart Money Concept’ by providing smartphone-centric settlements and financial transactions using smartphones, which will be used as the entrance to access various services, such as deposit, settlement, investment, loan and insurance services. Going forward, centering on ‘au Wallet’, KDDI (au) plans to provide one stop services to support customers’ activities pertaining to money, including saving, paying, increasing, borrowing or preparing for the future. Furthermore, KDDI (au) plans to expand the service in line with customers’ respective life plans.
KDDI will sequentially expand the targets of the services of au ID, Wallet point, au Wallet application, and au Pay after the summer of 2019 so that customers who do not have au mobile phones can use the services as well.
In addition, KDDI has also announced that the ‘FinTech Fund Program’ has been newly added to the ‘Investment Program’ that was established in ‘KDDI Open Innovation Fund No. 3’. KOIF No. 3 has been incorporated in cooperation with Global Brain Corporation to contribute around JPY 20 billion to venture companies that have new technologies and business activities, during a five year period. KDDI and the au financial Group will work on collaborative creation of business with FinTech venture companies through this Investment Program.
