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Cashless (Advanced Payment Infrastructure)

Service Overview

Cashless payments go beyond merely replacing cash (legal tender) with digital formats; they serve as a societal infrastructure facilitating bidirectional exchanges of "digital value" (digital assets) among governments, corporations, and consumers. This infrastructure plays a crucial role, potentially becoming a source of national competitive advantage.

At foresight, we recognize the importance of establishing a safe, secure, and efficient payment infrastructure for payments and remittances in a society where the physical and digital coexist seamlessly. Our approach is grounded in cutting-edge insights into domestic and international trends in payment systems, encompassing regulatory landscapes, stakeholder dynamics, consumer behaviors, and evolving payment networks.

We specialize in providing strategic policy recommendations for payment systems, including interbank transfers, digital currencies, and credit card processing. Additionally, we facilitate consortium formation and support payment stakeholders?such as banks, card issuers, payment processors, businesses, and local governments?in devising and implementing tailored business strategies and initiatives.

Consulting Approach

1. Formation of Global Trends:

  • Participate in organizations related to global standardization and exercise influence.
  • Build relationships with enterprises in various countries, starting from overseas branches and affiliated companies.


2. Domestic Policy Recommendations:

  • During the policy formulation process with domestic authorities, make recommendations based on global knowledge, provide consideration support, and conduct foundational research.


3. Corporate Strategy (Moonshot):

  • Explore and define the ultimate vision (i.e., where to generate profit) for the company.
  • Develop action plans to achieve the envisioned goals.


4. Business Strategy Formulation:

  • Create new ventures and expand or improve existing businesses.
  • Set market definitions, target specific demographics, and formulate business models.
  • Draft business plans (feasibility studies) and establish new business entities.


5. Service Implementation:

  • Support the planning and consideration of service designs.
  • Analyze consumer insights (target audience) using AI.
  • Define requirements for services and operations.
  • Support the bridge between business and IT, including the implementation of proof of concept (POC).

Expected Outcomes

  • Enhanced Business Predictability: Keeping up with latest domestic and international trends in payment infrastructure, significantly enhances the predictability of business operations.
  • Strategic Positioning of Payment Services: Position payments not merely as a transactional tool for transfers and remittances, but also as a strategic means to expand customer bases and build ecosystems.
  • Informed Planning and Strategy for Payment Services: Access essential discussion points and strategic guidance necessary for planning payment businesses and services effectively.

Achievements

  • Cashless Vision Establishment Secretariat (Ministry of Economy, Trade and Industry)
  • Study on Small Payment Systems (ACH) and Bank Systems in the West Conducted by the Financial Services Agency

Inhouse and External Media Coverage

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