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Eight years of Unocoin
Even though the world had its first crypto-asset back in the year 2009, India was new to the concept of digital money. Indians have money…
Dapper Labs Becomes the First NFT Firm to Register to Lobby With the US Govt.
Dapper Labs, the firm behind Flow blockchain and NBA topshot has become the first NFT company to federally register to lobby with the US government. The company now joins a growing list of crypto personalities/companies looking to influence Congress with crypto-friendly regulatory policies. According to the announcement, Dapper Labs recruited PR company Crossroad Strategies as their lobbying firm. Crossroad stated that it would lobby for ‘policy related to NFTs, blockchain and financial services.’ The NFT firm even hired Alison Kutler as its new head of government affairs in October 2021 to help with its lobbying affairs. Before joining Dapper Labs, Kutler was the chief of the Consumer and Governmental Affairs Bureau and special advisor to the chairman of the FCC between June 2015 and April 2017. Kutler has also registered to lobby on behalf of Dapper Labs and will now work together with the company on lobbying with the US government. NFTs have become increasingly popular in the world of politics. US congressional candidates have even taken to selling digital tokens for campaign fundraising and donor exclusivity. Even Melania Trump recently launched NFTs for donors to collect ‘rare and limited-edition pieces while benefiting children in the foster care community.’ Similarly, political action committee HODLpac is planning to sell NFT membership cards or campaign pins. Beyond the United States, a South Korean 2022 presidential candidate recently announced the issuing of NFTs as recipients to his election donors. The campaign will accept cryptocurrencies like bitcoin, ether, and one of three other cryptocurrencies under review.
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Soft Space Enters into Strategic Partnership with JCB
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This strategic partnership is the first of its kind in Malaysia for the payment giant and involves a combination of US$5 million investment in Soft Space and a series of business collaborations that are aimed at capitalising on Soft Space's fintech-as-a-service business model, technology and regulatory knowhow, and JCB's global recognition, vast alliances and brand reach.
This is part of the first tranche of funding on the horizon for Soft Space with other investments to follow in the future. The partnership also demonstrates the confidence JCB has in Soft Space's management, technology portfolio and execution strategy in today's highly competitive fintech industry.
JCB owns and operates one of the largest payment schemes in Japan supporting about 37 million merchants and 140 million cardmembers around the world, by capitalising on Asia's economic growth. Backed by these assets, JCB has a vision to become "Asia's leading payment brand" and will expand the brand globally by leveraging its strength in Asia - especially in Southeast Asia ("SEA") - to become a competitive brand preferred by Japanese and international cardmembers.
To this end, JCB has targeted SEA as a strategic business enhancement region and has established its ASEAN Business Enhancement and Creation Department in Singapore last June to seek business opportunities within the region. This will serve as a template for further strategic alliances and investments within the region.
The strategic partnership with Soft Space also aims to harness synergies between the two parties and includes the expansion of JCB's merchant network, the establishment of card issuing solutions, and the provision of customer marketing solutions.
Other collaborative areas include, but not limited to, enhanced merchant acceptance, mobility-as-a-service (MaaS) and transit; payment gateways; cards-as-a-service (CaaS); white label services, API platform services and technical support services.
Both Soft Space and JCB are committed to accelerating cashless payment both in Malaysia and SEA by utilising competitive and advanced fintech technologies, thereby establishing a link between Japanese consumers to SEA.
"I am honoured to announce this investment and collaboration agreement. I believe this is not just an investment, but the first step towards realising the boundless possibility with Soft Space," said Yoshiki Kaneko, President & COO of JCB International Co. Ltd. "We are capitalising on this opportunity to expand and secure our business in SEA by utilising Soft Space's cutting-edge technology and robust network with the financial institutions. We are confident that this collaboration will go beyond Malaysia and expand across the globe."
"We are humbled by this investment by JCB," said Joel Tay, Chief Executive Officer of Soft Space. "Being JCB's first investee in Malaysia assures us that we are on track to develop financial solutions that will fortify payment acceptance between Japan and SEA, and benefit both regions when borders open up again. This bridge between our regions will also serve as a roadmap for us to enter other regions globally in the future."
Today, Soft Space has an expansive range of product offerings that span white-label e-wallet solutions to its flagship Tap to Phone technology, which is the world's first SoftPOS solution to support secure PIN entry. The solution has received endorsements from major card schemes such as Visa, UnionPay International, Mastercard and Malaysia's MyDebit, and has been deployed in some of the largest financial service institutions and corporate enterprises in the Middle East, North America, Europe, and Asia Pacific.
About Soft Space
Founded in 2012, Soft Space is the world's leading SoftPOS player headquartered in Kuala Lumpur, Malaysia. Soft Space simplifies the complexity of financial infrastructure and creates value-added features for businesses to expand their business growth. With over 30 financial institutions across 10 countries adopting its payment solutions, Soft Space is supported by MDEC's Global Acceleration and Innovation Network (GAIN) programme and received financial support through MIDA's Domestic Investment Strategic Fund in 2012. In 2018, Soft Space ranked 66th out of 1000 companies in Financial Times 'FT 1000: High Growth Companies in Asia Pacific' Special Report. Subsequently in 2020, Soft Space is also recognised as one of IDC's Fastest Growing Company in 2020. For more information, please visit: https://www.softspace.com.my/
Brenda Lim
Communications Executive
Tel: +603 7494 1222
Email: [email protected]
About JCB
JCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 37 million merchants around the world. JCB Cards are issued mainly in Asian countries and territories, with more than 140 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/
Ayaka Nakajima
Corporate Communications
Tel: +81-3-5778-8353
Email: [email protected]
Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comThe world's leading fintech player, Soft Space Sdn. Bhd. ("Soft Space"), has announced a new strategic partnership with Japan's only international payment brand, JCB Co. Ltd. ("JCB").
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