Malaysia-headquartered fintech company Soft Space and Japan's Hokkoku Financial Holdings (Hokkoku FHD) unveiled a historic collaboration to introduce the world's first SoftPOS solution that facilitates regulated stablecoin payments within a live commercial setting. The new solution allows merchants to accept both contactless card payments and Tochika, a Japanese yen-backed stablecoin, on Android smartphones or tablets directly without the use of specialized payment terminals.
The product, supported by Soft Space's own Fasstap technology, is PCI MPoC global security standard for mobile contactless payment certified. It enables Hokkoku FHD's mission to create a Super Cashless Region in the Hokuriku region, driving cost-efficient and convenient digital payments.
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Shuji Tsuemura, President of Hokkoku FHD said, "Hokkoku FHD has consistently driven cashless and digital payments to spearhead innovative productivity gains throughout the Hokuriku region."
Payers will be able to make quick and secure payments using Tochituka, a stablecoin mobile app for Tochika, which will be backed by deposit reserves and issued under Japan's amended Payment Services Act.
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Joel Tay CEO of Soft Space said, "The solution is more than an online payment instrument — it's a showpiece of how digital money can be applied by mainstream merchants and consumers. With nothing more than a smartphone, companies can now accept both legacy and next-generation payments in a straightforward and safe manner."
The service will roll out in Autumn 2025, supporting major card networks such as Visa and JCB in addition to Tochika stablecoin payments.
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