Launch of QR Code Payment Service for Members of the All Japan Real Estate Association

Digital Garage and its payment business subsidiary, DG Financial Technology, have partnered with the All Japan Real Estate Association (Zennichi), which comprises about 30% of real estate companies nationwide, to provide "Rabby Pay Powered by Cloud Pay Neo" service to over 35,000 Zennichi member companies nationwide using the company's terminal-less cashless payment service "Cloud Pay Neo."

This enables payments related to real estate rental contracts such as initial costs, rent, renewal fees, and down payments for real estate purchase contracts to be made using credit cards and PayPay without the need for dedicated payment terminals.

Background and Development

Recently, cashless payments have become increasingly common in various situations, and while there is growing demand for cashless payment options in real estate transactions, bank account transfers remain the mainstream method for rental property payments.

Meanwhile, there is an urgent need for services aimed at improving convenience and reducing the operational burden on businesses, such as reducing administrative burdens like managing account transfer request forms and creating billing data, minimizing the risk of uncollected move-out costs and delinquent payments, preventing payment oversights, and reducing the hassle of transfers for end users.

Against this backdrop, Zennichi and DGFT have partnered to provide "Cloud Pay Neo" as an OEM offering to promote cashless transactions in rental contracts.

About "Rabby Pay Powered by Cloud Pay Neo"

"Rabby Pay Powered by Cloud Pay Neo" is a terminal-free cashless payment service provided to Zennichi member companies.

For real estate rental contracts, end users can simply scan a QR code with their smartphone, which launches a payment screen enabling payments via credit card or PayPay for initial costs and move-out expenses.

Additionally, down payments for real estate purchase contracts can be made via credit card for both B2B and B2C transactions.

Since no payment terminal is required, cashless payments can be made anywhere using the end user's smartphone, whether in an office or at a property viewing site.

Usage Scenarios

The service can be used in a wide range of payment scenarios in real estate rental contracts:

• Rent
• Initial costs
• Renewal fees
• Move-out costs
• Down payments for real estate purchases in B2B and B2C transactions

Benefits for Real Estate Companies and End Users

"Rabby Pay Powered by Cloud Pay Neo" allows for easy implementation of cashless payments even for small and medium-sized real estate companies that previously faced high barriers to entry, thanks to its "no payment terminal required, online completion" feature.

Particularly for rent and initial cost payments, moving away from the conventional reliance on cash or bank transfers offers significant benefits to both real estate companies and end users by improving operational efficiency and enhancing user convenience.

Benefits for Real Estate Companies:

• Reduced risk of delinquent payments
• Prevention of uncollected move-out costs
• Down payment processing for real estate purchase contracts
• Improved operational efficiency

Benefits for End Users:

• Reduced hassle of transfers
• Prevention of forgotten payments or transfers
• 24/7 payment capability
• Economic benefits from earning points
• Enhanced convenience when paying down payments for property purchases

Future Outlook

Zennichi and DGFT will work together to expand services for Zennichi member companies and promote cashless transactions in the real estate industry through seminars and presentations.

DGFT will continue to partner with businesses to contribute to DX improvements in payment-related areas, and will provide payment solutions not only to the real estate sector but also to markets that are considered largely non-cashless, such as SME cram schools, kindergartens and childcare facilities, vending machine markets, and amusement markets including game centers.