#Japan #Tokyo #KDDI #NESTA #au Financial

KDDI Unveils NESTA: A Next-Gen Payment Solution

In a significant move towards enhancing digital payments, KDDI Group is set to implement its innovative payment platform, NESTA, for processing mobile communication charges of au and UQ mobile by 2025. This initiative aims to bolster security and improve the productivity of billing operations, catering to an increasingly cashless society in Japan.

About NESTA

The NESTA platform, developed by au Financial Services, is designed to meet the evolving needs of digital finance. The platform is built upon a strong partnership with DG Financial Technology, a subsidiary of the Digital Garage Group established in Shibuya, Tokyo. After launching a business alliance with DG Financial Services in May 2024, they collaborated to create what they termed the Veritrans4G, a robust foundation for NESTA.

Enhanced Security Features

NESTA represents a leap forward in transaction security. It adheres to the highest domestic standards by ensuring that card information is never retained or transmitted, significantly minimizing the risk of data leaks. The system's design allows for easy scalability, minimizing the burdens on corporate users when additional services or security requirements need to be integrated.

KDDI plans to roll out NESTA initially within its own billing operations, focusing on risk mitigation and efficiency in data handling. Future expansions may see NESTA being offered to various services within the KDDI Group, as well as to external corporate clients.

Cashless Market Growth

As cashless transactions continue to surge in Japan, with projections indicating a leap to 42.8% by 2024, NESTA aims to cement itself as the next standard in the payment landscape. This name reflects a commitment to leading the market with smart solutions that foster connectivity through transactions.

Key Features of NESTA

Diverse Payment Options

NESTA is equipped to support a wide array of payment methods, including:

• - Credit card payments
• - Code payments
• - Carrier billing
• - Convenience store payments
• - Bank transfers

Moreover, it accommodates about 40 different payment options, including popular systems like Apple Pay and Google Pay.

Robust Data Processing

The system leverages high-speed databases, adopted by major financial institutions, to ensure stable and efficient transaction processing. Two geographically separate data centers actively manage real-time data synchronization, providing a fail-safe to maintain operations without downtime, even during system failures or disasters.

Top-Tier Security Protocols

NESTA is fully compliant with the PCI-DSS security standards endorsed by four major international credit card brands. This compliance ensures that data handling operations maintain a high level of security, supported by 24/7 monitoring to safeguard against potential threats, maximizing the reliability of transaction processes.

About Au Financial Services

Established in February 2014, au Financial Services is dedicated to making financial services more accessible and integrated into everyday life through smartphones. With a vision centered around the Smart Money Concept, the company strives to enhance customer experiences by promoting digital financial solutions. Their mission is to support customers in achieving a richer lifestyle and creating new value in their financial dealings.

For more information, visit their official website here.