xID Forms Capital Alliance With Japan Post Capital

xID Corporation has completed a third-party allocation of shares with Japan Post Capital Co., Ltd. as the underwriter.

Through this capital alliance, xID will collaborate with Japan Post Group to accelerate the development and deployment of digital services that connect local governments, residents, and private companies.

Background of the capital alliance

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In recent years, the need for digital notification services in local governments has been increasing, and the importance of hybrid information delivery combining paper mail and digital notifications is growing.

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Our digital postal service, “SmartPOST,” is being adopted and utilized by local governments, and at the same time, the need for reliable means of receiving information among residents is steadily expanding.

Furthermore, it is expected that the need for a digital infrastructure that can safely and reliably deliver important notices will increase not only in the administrative sector, but also in financial institutions, utility companies, and other sectors.

Based on these trends, we will further develop our initiatives through collaboration with Japan Post Group, building upon our accumulated knowledge and experience in notification services in the local government sector, as well as our track record in local government DX initiatives utilizing My Number Cards, which we have promoted with local governments and partner companies nationwide.

SOURCE: PRTimes