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The network was set up primarily for Japan Post's postal finance systems, which include its savings accounts. Yucho ATMs are also linked internationally to the Cirrus, China UnionPay and PLUS interbank networks, and also accept Visa, MasterCard, American Express, Diners Club, Japan Credit Bureau and China UnionPay credit cards through those ...
The outside of a Japan Post Bank branch in Akita, Japan. In 2019, Japan Post Bank was managing ¥205 trillion of assets. It oversaw approximately 120 million customer accounts, who had access to services in almost 24,000 branches across Japan, most of which are contracted post offices officially belonging to the Japan Post Service. [2]
Japan Post Bank, part of the post office was the world's largest savings bank with 198 trillion yen (US$1.7 trillion) of deposits as of 2006, [20] much from conservative, risk-averse citizens. The state-owned Japan Post Bank business unit of Japan Post was formed in 2007, as part of a ten-year privatization programme, intended to achieve fully ...
Japan Post ran the world's largest postal savings system and is often said to be the largest holder of personal savings in the world: with ¥224 trillion ($2.1 trillion) of household assets in its yū-cho savings accounts, and ¥126 trillion ($1.2 trillion) of household assets in its kampo life insurance services; its holdings account for 25 ...
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On April 25, 2017, Japan Post Holdings said it would have a ¥40bn ($360m) loss for its first full financial year as a listed company, due to losses from Toll Group, which it controversially acquired in 2015. [11] In September 2017, the Japanese government announced its sale of $12 billion worth of Japan Post Holdings Co. Ltd. stock.
Japan Post Co., Ltd. (日本郵便株式会社, Nippon Yū-bin Kabushiki-gaisha), is a Japanese post, logistics and courier headquartered in Tokyo. It is part of the Japan Post Holdings group. History
Interbank networks enable ATM cardholders to have access to ATMs of other banks that are members of the network when their own bank's ATM is unavailable. This is especially convenient for travelers traveling abroad, where multinational interbank networks, like Plus or Cirrus , are widely available.