IT FUN PEOPLE Launches Prepaid Web Money Service Coiny
- Launches Coiny, a prepaid Web Money service with a fixed value of 1 Coin = JPY 1
- Supports more than 18 payment methods for convenient top-ups
- Next-business-day merchant settlement with transparent pricing
IT FUN PEOPLE (President & CEO Kenichi Ito, hereinafter "IFP") today announced the launch of Coiny, a prepaid Web Money service designed for digital content and online services.
Coiny is a digital stored-value payment platform where one Coiny Coin is equivalent to one Japanese yen. Users can conveniently top up their balance using more than 18 payment methods, including credit cards, bank transfers, and digital wallets, before using their balance across supported online services.
Coiny integrates wallet management, payment processing, balance management, and transaction history into a single platform, enabling a seamless payment experience for both consumers and merchants. Designed for digital content, online communities, online games, and e-commerce services, Coiny provides real-time transaction processing and reliable service availability.
For merchants, Coiny offers a simple Web Money payment API that eliminates the need for complex payment infrastructure. Businesses can quickly introduce stored-value payments while customers benefit from managing multiple payment methods through a single wallet balance.
To improve merchant cash flow, Coiny introduces next-business-day settlement. Merchant service fees start from 2.8%, with rates adjusted by business category up to 4.5%. Unlike many conventional payment services, Coiny does not charge hidden costs such as transaction processing fees or additional system usage fees, providing a transparent and predictable pricing structure.
Kenichi Ito, President & CEO of IFP, said, "Coiny is more than a prepaid Web Money service. It is a digital payment platform that connects users and merchants through a simple, secure, and transparent payment experience. We will continue expanding the Coiny ecosystem to support a wide range of online services."
IFP plans to expand partnerships with game publishers, digital content providers, online communities, and e-commerce businesses while establishing Coiny as a trusted Web Money platform for digital commerce.
