Get started with QR codes at the register:
— Stablecoin merchant payments
Bring stablecoin payments to restaurants, retailers, and commercial facilities with zero system modifications. UPBOND provides a one-stop solution—from consumer and enterprise wallets to payment processing and settlement.
The infrastructure for processing payments at merchant locations is currently being lost
Key players in the payment infrastructure are exiting the market, and payment costs continue to rise. Meanwhile, although the regulatory framework for yen-pegged stablecoins is in place, there are no payment implementations that allow them to be used as a “means of payment” at the retail level.
Franchisees Who Have Lost Their Customer Base
Zento Shin Co., Ltd. (Osaka), a major payment processing firm, filed for bankruptcy in July 2026. With liabilities totaling 125.9 billion yen, it marked the largest bankruptcy of 2026, leaving approximately 20,000 businesses—primarily restaurants—without a channel for settlement and payment collection.
Structurally Increasing Payment Costs
Commission fees as a percentage of retail sales rose from 1.41% in fiscal year 2014 to 2.04% in fiscal year 2024. In the restaurant industry, these fees have nearly doubled over the past decade. Source: Teikoku Databank survey
but not implemented
The Gap in Yen-Denominated Stablecoins
The system is in place, and issuers have been established. However, no one has yet rolled out a payment solution that can be widely used on the retail floor.
Mechanism — Designing the Division of Roles
Issuers, wallets, payment processors, and merchants. By designing the system to clearly separate the roles of each party, merchants can begin accepting payments without having to modify the system.
JPYC
An issuer registered as a money transfer service provider. It is responsible for the issuance and redemption of yen-denominated stablecoins, as well as their distribution through a direct-sales model.
UPBOND
We offer consumer and enterprise wallets with a non-custodial design. UPBOND Pay handles everything from payment processing to settlement.
Affiliated Stores
You can get started without registration. Using a scheme identical to that of domestic pilot projects, we’ll integrate the new service into your existing operations.
* Details of the scheme are subject to individual consultation and legal review.
In 3 Steps, Starting Right at the Register
You can keep your existing POS and cash registers as they are. The process begins simply by placing a single QR code, and everything—from payment processing to the integration of sales data—is handled automatically.
Install a QR code next to the register
No system modifications are required. You can start accepting payments simply by placing a QR code next to your existing cash register or POS system—without making any changes to the existing equipment.
Accepting Payments via Non-Custodial Wallets
Customers scan the QR code with their wallet and pay using a yen-denominated stablecoin. The keys are held by the merchant, and UPBOND does not hold the assets.
Automated Settlement and Sales Data Integration
Automate the reconciliation of received balances and the integration of sales data. POS integration can be added later as an optional feature.
Core Product Portfolio
This isn't a development project starting from scratch. We'll quickly integrate each merchant's specific requirements onto a platform that's already up and running in production.
Consumer Wallet
A non-custodial wallet that can be created simply by logging in with an email address or social media account. It also supports integration with MetaMask, allowing existing wallet holders to participate in payments right away.
Enterprise Wallet
For franchisees and corporations. Supports pickup management by store, separation of duties, and centralized management of multiple locations.
UPBOND Pay
A payment layer that handles everything from QR code issuance to payment processing and settlement. It allows for settlement designs tailored to merchants' payment cycles.
Merchant Dashboard
You can view the export of pickup records, settlement status, and sales data by store and by day all on a single screen.
Build on top of an existing infrastructure
The wallet infrastructure, which serves as the foundation for the payment rails, continues to be issued daily in the production environment.
* As of July 2026; actual measurements taken on our own infrastructure
In the Travel sector (hotels and lodging), a seamless experience—from check-in to wallet issuance—is already in full operation. Merchant payments are a natural extension of that experience.
Integration Technologies and Ecosystems
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Charge
Since the optimal configuration varies depending on the merchant’s size, estimated transaction volume, and acceptance scope, we will provide a proposal in conjunction with the PoC design.
Please consult with us regarding payment processing fees and initial setup costs in conjunction with the design of the
PoC.
* We can accommodate small-scale proof-of-concept (PoC) projects even for a single store. Please let us know your on-site requirements first.
You can get started with a proof of concept (PoC) at a single store.
Please tell us about the challenges your store is facing and your anticipated customer flow. We will propose a PoC design and the necessary organizational structure.