Sequent and TIS Selected by Japanese Megabank for Mobile Payments

Fintech companies Sequent and TIS announced on June 4, 2019 that they were selected by a major Japanese megabank and leading card issuer to deliver secure mobile payment capabilities. Sequent specializes in digital card issuance and mobile payment security through tokenization technology, while TIS provides complementary payment infrastructure services. The partnership enables the Japanese megabank to offer its cardholders embedded mobile payment functionality with enterprise-grade security.

By leveraging Sequent's tokenization platform, the bank can digitize its card products for mobile wallets without building the technology in-house. The selection of two fintech partners by a tier-one bank underscores the trend of major financial institutions turning to specialized technology providers for embedded payment solutions. Specific financial terms and the identity of the megabank were not disclosed in the announcement.

The deployment is expected to serve the bank's large cardholder base across Japan's rapidly growing mobile payments market.