Seven Bank Announces Establishment of A Subsidiary
January 11, 2018 at 01:00 am
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Seven Bank announced that it is working to create new services that respond to changes in the business environment, such as the spread of services based on the sharing economy. To further expand the range of its ATM business, Seven Bank decided to establish a subsidiary to conduct remittance and settlement services such as a "cash receipt service." The subsidiary name is Seven Payment Service, Ltd. Location: 1-6-1, Marunouchi, Chiyoda-ku, Tokyo, Japan. Paid-in Capital: 150 million yen. Date of Establishment: January 11, 2018.
Seven Bank Ltd is engaged in the provision of financial services such as automatic teller machine (ATM) service, Internet banking service, and loan service. The Company operates its business through two business segments. Domestic Business segment is involved in the ATM platform business that installs ATMs at stores such as Seven-Eleven and Ito-Yokado, as well as at airports, stations, financial institution stores. The Segment also provides settlement account services including ordinary deposits, time deposits, loan services, overseas money transfer services, debit services, as well as the contract work from other financial institutions. The Overseas Business segment provides ATM services mainly in the United States and Indonesia. The Company also conducts investment advisory business.
SEVEN BANK, LTD. 
