Mi&T Wins Osaka Subsidy for JPYC Store Payment Trial
The trial tests whether a 1.0 percent fee stablecoin model can take root in a student commercial district, with Mi&T aiming to turn blockchain financial services into daily-use infrastructure for local stores and residents.
Reporting from 1 source: ASCII.jp.
Mi&T, an IT startup certified by Osaka Metropolitan University, has been selected for Osaka Prefecture's Pioneering Financial Market Formation Support Subsidy. The company will run a real-store payment demonstration using JPYC, a yen-denominated stablecoin, in the commercial area around the university campus. About five restaurants and retail stores will participate from mid-November 2026 to mid-March 2027. The trial tests a model that caps store payment fees at 1.0 percent of each transaction.
The demonstration targets a specific pain point: restaurants and retail stores around the campus process mostly small payments of 500 to 1,500 yen, where existing cashless fees eat into margins. Mi&T's model charges stores 1.0 percent of the payment amount and automatically splits that between system operation costs and user cashback. The trial also includes staff-assisted wallet setup for first-time users, store management features such as sales tracking and repeat-visit tools, and coupon campaigns to encourage continued use.
JPYC is issued by JPYC Co., Ltd., pegged 1:1 to the yen and recognized as an electronic payment method under the Payment Services Act. Mi&T was established in January 2025 and is certified as a venture originating from Osaka Metropolitan University.
Synthesized by Yomimono from the 1 cited source below, including Japanese-language reporting where cited, then editorially reviewed before publishing.
Sources
- ASCII.jp Mi&T、JPYCを活用した実店舗決済実証が大阪府の補助対象事業に決定