On March 1, JBA announced the participating financial institutions that will handle electronically recorded monetary claims of the Electronic Monetary Claim Recording Institution, “Densai Net,” to be established by JBA.
Specifically, 124 banks that are full members of JBA, 273 shinkin banks (credit associations), 116 credit cooperatives, 797 financial institutions that are related to agricultural cooperatives, etc. are scheduled to participate, representing a total of 1,312 participating financial institutions.
This social infrastructure, which will provide a method for executing payments between domestic corporations, is now ready to accept a wide range of businesses as users, including small, medium-sized and large enterprises as well as individual proprietors.
Moreover, on February 26, we opened a dedicated website (http://www.densai.net/) to help users understand how the system works.