Resona to buy 2.24% of JCB for $50.7M in payments push

What's the deal? Resona HoldingsDealroom has a profile for this one. Try Dealroom → is acquiring a 2.24% stake in credit card company JCBDealroom has a profile for this one. Try Dealroom → from existing shareholders for roughly US$61.5M, under a new capital and business alliance announced on October 15. Resona expects to complete the purchase around mid-November.

What's the endgame? Combined with shares held by subsidiaries Resona Card and Minato BankDealroom has a profile for this one. Try Dealroom →, the group will hold 5.27% of JCB's outstanding shares. Resona aims to strengthen its competitiveness in the payments sector.

Why now? The two sides first formed a business alliance in corporate payments in 2024. This capital tie-up deepens that relationship, expanding collaboration into proof-of-concept trials for stablecoin-based payments and loyalty point services.

The signal: The deal shows Japanese banks tightening ties with card networks as payments move toward digital currencies. JCB, known for its close links to Mitsubishi UFJ Financial GroupDealroom has a profile for this one. Try Dealroom →, gains a deeper partner as the sector consolidates around stablecoins and rewards.

Read more: finance.biggo.com

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