Payment Services/Electronic Money

Leading-edge legal support for the increasingly complex and globalized field of payment transactions

With the globalization of markets and formation of alliances between business operators, the role of financial institutions and credit card companies as payment service providers has increased. These traditional institutions face a remarkable increase in the number of funds transfer service providers, electronic money issuers, payment services providers, bill payment services providers, and other business operators including platform and market place operators who engage in the payment business as their main or ancillary business.

We provide full legal support for payment services that require registration, licensing, or other forms of governmental authorizations. Our legal services in this area include negotiations with the Japanese Financial Services Agency and other supervisory authorities; assistance in the application process; creation and review of internal rules, manuals, and systems; preparation and review of materials for customers; and assistance in responding to governmental inquiries.

We advise payment service providers at the time of their establishment and start of operations and in connection with their day-to-day legal needs. We examine the legality of specific services and the necessity of specific governmental authorizations, and seek confirmation from the regulators as necessary.

We apply our expertise in mergers and acquisitions, corporate work, and other practice areas to assist clients in this industry in the structuring and restructuring of their businesses. We address legal needs from the start to completion of a transaction, including due diligence investigations, anti-competition filings, and other aspects. We have full capabilities to assist business operators to develop more complex and sophisticated payment businesses and to help overseas business operators expand their services into Japan.

We continue to enhance our capabilities to serve our clients, including by developing and utilizing professional relationships with supervisory authorities.

Payment Services/Electronic Money:People

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Payment Services/Electronic Money:Newsletters

Fintech Newsletter - Publication of Cabinet Order and Cabinet Office Ordinance on the Revision of the Payment Services Act 2020
Japanese Virtual Currency Regulations take effect in April 2017

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Payment Services/Electronic Money:News

Top Ranking Received From Chambers FinTech 2021
Top Ranking Received From Chambers FinTech 2020
Top Ranking Received From Chambers FinTech 2019
Top rankings received in The Nikkei's "Corporate Legal Affairs and Lawyer Survey 2017"
Firm News
Takane Hori served as a judge at the Demo Day of the "MUFG Fintech Accelerator" Program

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Payment Services/Electronic Money:Seminars

Oct. 19, 2018External Seminars
"Blockchain and its Application to IP Management"
Sep. 10, 2018MHM Seminars
”Japan Investment Seminar ”
Apr. 26, 2018External Seminars
"Cryptocurrency Conference Law and Regulation"
Jan. 31, 2018External Seminars
"Blockchain and its Application to IP Management"
Sep. 28, 2016External Seminars
"Rakuten FinTech Conference 2016"

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Payment Services/Electronic Money:Publications

Magazine Article
"Q&A on Systems and Practices of Financial Service Intermediary Businesses (Part 3): Restriction on Activities and System Development - (1) Obligation to Execute Businesses in a Fair and Sincere Manner and Obligation to Provide Information"
Magazine Article
"Legal Issues and Practice of Cryptocurrency"
Book Article
"Changing Rules - Business Laws as a Strategic Weapon"
"Japan: New rules for financial services"
Magazine Article
"Crypto-Asset Trading, STO and Related Misconduct"

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