TBCASoft Inc., the leading provider of Distributed Ledger Technology (DLT) solutions, announces the upcoming launch of HIVEX®, a cutting-edge payment network designed exclusively for Mobile Payment Service Providers (MPSP). Harnessing TBCASoft's proprietary DLT, HIVEX offers a secure, neutral, and resilient platform optimized for QR payments.
Scheduled to go-live in Q4 2023, HIVEX empowers MPSP Members to seamlessly integrate their payment applications, gaining access to an extensive network of accepting merchants across multiple countries. MPSP Members can effortlessly extend their services and broaden their merchant coverage. Notably, TBCASoft also enables MPSPs to retain their unique QR code format while achieving interoperability with other MPSPs. This breakthrough ensures a familiar and consistent payment experience for customers and merchants.

PChome InterPay and TBCASoft jointly announced the participation of Pi Plus in the HIVEX® payment platform. HIVEX, an open mobile payment platform developed by TBCASoft enables transactions among different mobile payment service providers, creating a ubiquitous merchant acceptance experience for mobile payment users around the world under the HIVEX brand. Pi Plus is a digital payment service developed by PChome InterPay, a mobile payment arm of leading Taiwan fintech company Pi Mobile Technology. By joining the HIVEX payment platform, Pi Plus users will be able to complete mobile payment transactions using Pi Plus in Japan at up to 2.5 million merchant stores showing the HIVEX acceptance mark. The HIVEX payment platform is currently service ready and anticipating the reopening of international travel and regulatory approval.

TBCASoft, the cross-carrier blockchain technology leader, announced the Initial Close of Series B funding, in which it raised up to $25 million. The investment was led by Naver Financial Corporation (“Naver Financial”), a subsidiary of South Korea’s internet giant Naver Corporation, with participation from existing investor SoftBank Corp. (“SoftBank”). Naver Financial becomes the second largest institutional investor, investing up to $20 million, while SoftBank, with up to a $5 million investment in this round, will remain the largest institutional investor. The strategic investment by Naver Financial and SoftBank reinforces the shared vision of providing the largest open mobile payment network to offer a ubiquitous merchant acceptance experience. Proceeds of the Series B will be used to step-up international expansion of the HIVEX® Network, starting from the roll-out across Northeast Asia including Japan, South Korea and Taiwan, followed by Southeast Asia, and will also be used to attract additional talent and drive more innovations.