Mi&T launched its Matane payment app at shops near Osaka Metropolitan University on November 16, 2026. The app lets customers pay with JPYC, a yen-pegged stablecoin. Store fees will total 1.0%, down from 2% to 5% for typical cashless payments.
Merchant fees and settlement
Merchant costs are split into a 0.5% infrastructure fee and 0.5% for customer rewards. Sales arrive in store wallets immediately, with no waiting for an intermediary. Shops can convert JPYC to yen at a 1-to-1 rate through JPYC EX and withdraw without fees from 3,000 JPYC.
Pilot area and timeline
The pilot is funded as a subsidized demonstration under Osaka Prefecture's financial market support program. It runs through mid-March 2027 near the university's campus. Participating shops include 食事処 新居, 新徳島拉麺 まる徳ラーメン 白鷺本店, and 創彩和房 阿吽.
How Matane works
Customers download the Matane app and hold JPYC in their own wallet. At checkout, they scan an NFC or QR code, enter the amount, and approve the payment. Each purchase automatically returns 0.5% to the buyer, and the system covers network fees.
Mi&T tested the service at the university's Ginkgo Festival from October 30 to November 1, 2026. The company is adding more participating stores during the pilot. Mi&T is an Osaka Metropolitan University venture founded on January 23, 2025.