Toyota Finance and TMN Expand Collaboration with UT-P11 Payment Terminal Sales

Partnership Expansion Between Toyota Finance and TMN

In an exciting development in the world of cashless transactions, Toyota Finance, headquartered in Nagoya, and Transaction Media Networks (TMN) based in Tokyo, have announced the expansion of their collaboration. The two companies aim to broaden their existing initiatives by introducing TMN's newly developed mobile payment terminal, the UT-P11. This agreement extends their partnership which has existed since TMN's inception and focuses on delivering cutting-edge electronic payment solutions.

Overview of the Partnership

TMN, established in 2008 through a joint investment by Toyota Financial Services and Mitsubishi Corporation, has collaborated with Toyota Finance in various capacities, including the provision of electronic money gateways since the launch of TMN's electronic payment services. As the transaction landscape evolves, this partnership underscores both companies’ commitment to fostering a seamless cashless experience for customers.

The UT-P11 payment terminal has been selected for deployment through Toyota Finance, with plans to introduce this innovative device to dealerships across the country starting in the fiscal year 2026. In addition, Toyota rental car offices will see the introduction of the A8700 stationary payment terminal manufactured by PAX Technology, further enhancing Toyota Finance's infrastructure to support its affiliates.

Features of the UT-P11 Payment Terminal

The UT-P11 is an all-in-one mobile payment terminal that accommodates a wide variety of payment methods including electronic money, credit cards, QR codes, and loyalty points. Notably, it includes a built-in receipt printer, making it an ideal solution for various payment scenarios such as table billing at restaurants or transactions at event venues. The previous model, the UT-P10, has already seen successful implementation in diverse settings, including restaurants, retail stores, auto dealerships, and events, showcasing its versatility and reliability. As anticipation mounts for the UT-P11, there is strong expectation of demand across multiple sectors.

More information about the UT-P11 can be found here.

A8700 Stationary Payment Terminal

Another notable addition to Toyota Finance’s offerings is the A8700, an all-in-one stationary payment terminal also equipped to handle electronic money, credit, and QR code transactions. Its design includes magnetic readers and displays for both the cashier and customer, effectively streamlining the payment process and optimizing space. The A8700 is also fitted with a high-speed printing feature, complete with an auto-cutter, to ensure efficient transaction handling.

For further details about the A8700, visit this link.

Goals and Future Directions

This partnership leverages TMN’s cloud-based payment services which are capable of integrating with various payment terminals, thus allowing businesses to select hardware tailored to their specific payment environments. Furthermore, TMN’s ability to adapt to customer needs through the inclusion of additional payment brands ensures that they maintain consumer convenience even amid shifting market demands.

Looking ahead, TMN is dedicated to meeting the evolving needs of partner businesses and retailers, facilitating the expansion of cashless solutions and contributing to the creation of improved consumer environments. Both TMN and Toyota Finance pledge to remain at the forefront of innovation within the financial services sector, working together to respond to contemporary consumer expectations and enhance transaction experiences nationwide.

About the Companies

Toyota Finance is a financial services provider under the Toyota Group umbrella, dedicated to transforming into a "mobility finance service company." With a corporate philosophy centered on delivering superior financial services, its goal is to enhance mobility for the future while fostering customer satisfaction.

Explore more about Toyota Finance at their corporate site.

Transaction Media Networks is a leader in payment infrastructure development, having pioneered cloud-based electronic payment solutions in Japan. Over the years, it has successfully integrated various payment methods into its gateway services, servicing a broad network that boasts over 1.1 million connected devices, which collectively handle transactions amounting to approximately 4.9 trillion yen annually.

To learn more about TMN, visit this page.