Zentoshin Bankruptcy: Seven Card Companies to Pay Uncollected Sales Proceeds of 5.4 Billion Yen in Full

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2▲0 ▼3Impact / 5
Summary · why it matters

The bankruptcy trustee of Zentoshin, a credit card payment processing agent that went bankrupt in July, announced on the 25th that card companies will pay in full the 5.4 billion yen in sales proceeds that merchants had been unable to collect. Merchants are expected to receive the funds around October 30. The seven companies that will pay the uncollected funds are UC Card, JCB, Mitsubishi UFJ Nicos, Sumitomo Mitsui Trust Club, Sumitomo Mitsui Card, AEON Financial Service, and Credit Saison, all of which had partnerships with Zentoshin. The 5.4 billion yen in uncollected sales proceeds, including amounts from before the start of bankruptcy proceedings and mainly arising during July, is covered.

Impact on assets 3

Financials▼
AEON Financial Service Co., Ltd.
8570
▼ NegativeCapitalrelevance

AEON Financial Service is one of seven card companies required to pay in full the 5.4 billion yen in uncollected Zentoshin sales proceeds.

Digital Finance & Tokenization▼
Credit Saison Co., Ltd.
8253
▼ NegativeCapitalrelevance

Credit Saison is one of seven card companies required to pay in full the 5.4 billion yen in uncollected Zentoshin sales proceeds.

Off-coverage companies 4

JCB Co., Ltd.i
Private▼ NegativeCapitalrelevance

JCB is one of seven card companies required to pay in full the 5.4 billion yen in uncollected Zentoshin sales proceeds.

Mitsubishi UFJ NICOS Co., Ltd.i
Private▼ NegativeCapitalrelevance

Mitsubishi UFJ Nicos is one of seven card companies required to pay in full the 5.4 billion yen in uncollected sales proceeds from Zentoshin's bankruptcy.

Sumitomo Mitsui Card Company, Limitedi
Private▼ NegativeCapitalrelevance

Sumitomo Mitsui Card is one of seven card companies required to pay in full the 5.4 billion yen in uncollected Zentoshin sales proceeds.

UC Card Co., Ltd.i
Private▼ NegativeCapitalrelevance

UC Card is one of seven card companies required to pay in full the 5.4 billion yen in uncollected sales proceeds from Zentoshin's bankruptcy.