JUST IN - Japan’s Biggest Bank Group Launches Digital Lender with No ATM Cards
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A bank in Japan that will not issue physical cash cards at all to prevent fraudulent withdrawals resulting from cybercrime will begin operations next year. The Nihon Keizai Shimbun reported on the 4th that "Mitsubishi Emutt Bank (Emutt Bank), a subsidiary of Mitsubishi UFJ Financial Group (MUFG), will completely stop issuing cash cards when it opens next year."
(Tokyo=Yonhap News) Correspondent Lee Do-yeon = As personal information leaks caused by cyber attacks continue unabated in Japan, commercial banks are stepping up security, according to Nihon Keizai...
It has been revealed that Mitsubishi UFJ Financial Group plans to eliminate cash cards at its newly established digital bank. The "cash cardless" system will be implemented at the digital bank, which Mitsubishi UFJ Financial Group plans to open by March 2027. According to sources, they are considering partnering with Seven Bank to utilize QR codes via a smartphone app for deposit withdrawals. Amidst a surge in unauthorized access to businesses, …
New MUFG digital bank to forgo ATM cards in cybercrime safeguard | #cybercrime | #infosec - National Cyber Security Consulting
FinanceShift to smartphone QR codes for security is a first for a Japan megabank affiliateMUFG Emut Bank customers will need to use their smartphones to withdraw money from around 28,000 Seven Bank ATMs in Japan. (Photo by Satoko Kawasaki)TAKERO MINAMINovember 4, 2026 02:00 JSTTOKYO -- A digital bank opening under Japan's Mitsubishi UFJ Financial Group […] Thank you for subscribing to our RSS feed!
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