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Market Chatter: Resona, JCB Plan Pilot Tests of Hands-Free Bus Payment System This Fall

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Resona Holdings (TYO:8308) and the credit card company JCB plan to launch pilot tests of a hands-free bus payment system in Japan as early as this fall, Nikkei reported Thursday.

The project, in partnership with Odawara Auto-Machine Mfg. Co. (TYO: 7314), is to develop a system using ultra-wideband wireless technology, allowing highly accurate location tracking of objects.

The system will register passengers' credit cards through a smartphone app, which the onboard equipment will connect wirelessly to the smartphone to process fares.

The technology is expected to be launched commercially in fiscal 2028.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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