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enpay launches "enpay wallet" to support educational facilities and children

~The one and only new payment service connected to "for children"; full deployment planned for facilities using "enpay" from 2024~.

- The following is content from the press release -

(headquartered in Minato-ku, Tokyo; Junichi Moriwaki, CEO; hereinafter referred to as "enpay"), a provider of a Fintech x SaaS platform that realizes cashless and DX-enabled payment collection operations, announces that it will start offering "enpay Wallet" on October 11, 2023, in which 0.5% of payment amount will go to support educational facilities and children. (Representative Director: Junichi Moriwaki, hereafter referred to as "enpay") is pleased to announce that it will start providing "enpay wallet", in which 0.5% of the payment amount will support educational facilities and children, from October 11, 2023. The service will first be offered to some educational facilities and parents who are using enpay's payment collection support service, enpay, and will be fully expanded to all facilities using enpay from 2024. We are also pleased to announce that our registration as a "prepaid means of payment (third-party type) issuer" was completed on August 17, 2023.

Background of Launch

According to the Ministry of Internal Affairs and Communications, the estimated population of children under the age of 15 is at a record low of 14.35 million as of April 1, 2023, 300,000 fewer than the previous year. On the other hand, according to the Ministry of Health, Labour and Welfare's "Job Security Operations Statistics," the effective ratio of job offers for childcare workers was 2.49 times as of October 2022, indicating that the shortage of childcare workers is an issue, and the environment surrounding children and educational facilities is severe.

In addition, "There is the inconvenience caused by the lack of smooth money transfer. Money does not reach the people who really need it. Money prevents people from taking on the challenges they want to take on." This is the subtext of Enpei's mission. The latter two statements are intended for individuals, but until now we have not been able to provide services for individuals.

Based on the above, enpay has now launched the "enpay Wallet. In addition to the existing SaaS business, we aim to expand the "enpay Wallet" to other facilities that use "enpay" and to financial services other than payments.

What is enpay wallet?

Parents can install the application and register their bank account or credit card, or make a cash charge at a Seven Bank ATM to pay at enpay facilities.

The service is characterized by the following three features

1. 0.5% of the amount paid goes to support educational facilities and children

The greatest feature of the "enpay wallet" is that the settlement fee charged by facilities when using enpay is reduced by 0.5% compared to other payment methods. Facilities can use the reduced transaction fees to improve their childcare and educational environment by purchasing teaching materials and equipment.

2. automatic recharging to maintain a zero balance

When you register your bank account or credit card, the "automatic charge" function allows you to charge the difference from your balance in real time when you are billed by the facility, so that the balance in your "enpay wallet" after the payment is completed is zero yen in principle. Since no fractions remain, you can use only the amount you need when you need it without worrying about the balance.

3. easy and free of charge for everyone

Anyone can easily start using "enpay wallet". Unlike credit cards, there is no need to submit identification documents. You can create an account in as little as one minute with a smartphone and use the service free of charge.

URL for service details: https://www.enpay.co.jp/service/enpay-wallet/top

Nozomu Nakazawa, Head of enpay Wallet Business, Enpay Inc.

I myself am a father who sends my child to a daycare center. I cannot thank enough the nursery school staff and others who treat my naughty son warmly and sometimes harshly every day. On the other hand, I have been unable to express my gratitude in any way other than to say "Thank you" when I pick up and drop off my son. We also felt that the nationwide childcare and education industry has been in a difficult situation for many years, and we wondered if we, as Empey, could contribute to some kind of solution to this problem.

With this new payment service, "enpay wallet," you can easily express your daily gratitude as a form of support at no cost to yourself. We hope that as many parents as possible will use this service and contribute to the bright future of children and people in the childcare and education industries.

In the future, we envision expanding into education and family-related online services and distance learning, as well as into financial areas other than payments, but we will continue to provide society-friendly services based on Enpay's mission "Fintech with kindness. We will continue to provide services that are friendly to society based on Enpay's mission of "Fintech Friendly.

Comment from Junichi Moriwaki, CEO/Founder, Empey Corporation

We will release "enpay wallet". In order to realize our mission, the release of our own payment service has been a big dream of ours since our founding, and we believe that we can provide new value to society. There are many payment methods in existence today, but this is the one and only new payment service that will lead to the "benefit of children".

We would like to play a role in social reform by developing this service into a service that can be shared by many people in society and consumers.

More about "enpay wallet

Service start date: October 11, 2023 
Supported OS : iOS, Android (app) 
Usage fee: Free 
Supported regions and languages: Japan, Japanese basic specifications 
Usage: Available via smartphone. 
Supported devices: iOS 14.0 and above, Android 8.0 and above 
Download (iOS): https://apps.apple.com/jp/app/id6446820073 
Download (Android): https://play.google.com/store/apps/details?id=jp.co.enpay.wallet

Prepaid Payment Instruments (Third Party Type) Issuer Registration

In order to launch the enpay Wallet, enpay has completed its registration as a third-party issuer of prepaid means of payment.

Registration No.: Director-General of Kanto Local Finance Bureau No. 00777 Registration Date: August 17, 2023

Company Profile of Empey Corporation

Company Name: Empey Corporation 
Location: 22F SPROUND, Shinagawa Intercity Tower A, 2-15-1 Konan, Minato-ku, Tokyo 
Capital: 470,106,150 yen (including capital reserve) 
Representative: Junichi Moriwaki, CEO/Founder 
URL : https://enpay.co.jp/

Empay Inc. is a member of the following associations and registered as a business operator. 
Issuer of prepaid means of payment (third-party type) (Registration No.: Director-General of Kanto Local Finance Bureau No. 00777 / Registration date: August 17, 2023) 
Japan Financial Settlement Industry Association (JFSA) https://www.s-kessai.jp/ ) 
The Fintech Association of Japan, Inc. https://fintechjapan.org/ )

*Empay Inc. donates a certain percentage of the total amount of payment circulation mainly to child support projects.

The names of companies, trade names, products and services mentioned in this press release are the registered trademarks or trademarks of the respective companies.