Edy, provided by

Rakuten, Inc. () is a Japanese technology Conglomerate (company), conglomerate based in Tokyo, founded by Hiroshi Mikitani in 1997. Centered around Rakuten Ichiba, its businesses include financial services utilizing financial technology, as well as digital ...

in Japan is a prepaid rechargeable contactless

smart card A smart card, chip card, or integrated circuit card (ICC or IC card) is a physical electronic authentication device, used to control access to a resource. It is typically a plastic credit card-sized card with an embedded integrated circuit (IC) c ...

. While the name derives from euro, dollar, and yen, it works with yen only.

History

Edy was launched on January 18, 2001 by BitWallet, with fincaning primarily from

Sony , commonly stylized as SONY, is a Japanese multinational conglomerate corporation headquartered in Minato, Tokyo, Japan. As a major technology company, it operates as one of the world's largest manufacturers of consumer and professional ...

, in addition to then other companies, including NTT Docomo and the Sumitomo Group. NTT Docomo's i-mode mobile payment service Osaifu-Keitai, which launched on 10 July 2004, included support for BitWallet's Edy. In 2005, over a million payments had been made with the service. On 18 April 2006, Intel announced a five billion yen (approx. 45 million USD, or 35 million euros as of May 20, 2006) investment in bitWallet, aimed at futhering its usage on computers. On 1 June 2012,

Rakuten () is a Japanese technology conglomerate based in Tokyo, founded by Hiroshi Mikitani in 1997. Centered around Rakuten Ichiba, its businesses include financial services utilizing financial technology, as well as digital content and communicati ...

acquired Edy, changing the official name to RakutenEdy and the parent company from bitWallet to RakutenEdy Inc. The three-oval blue-tone logo was changed to the Rakuten logo and the font of the word 'Edy' was altered.

Mobile phones

Edy can be used on Osaifu-Keitai featured cellphones. Makers of these phones include major cell phone carriers such as docomo, au and SoftBank. The phones can be used physically like an Edy card, and online Edy features can be accessed from the phones as well, such as the ability to charge an Edy account. Sony PaSoRi RC-S320

References

External links

Edy official homepage
{{Japanese smartcards Japanese brands E-commerce in Japan online payments Contactless smart cards