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E-money service scam expands to five other operators

The Japan Times

A case concerning fraudulent e-money withdrawals has expanded to include five other service operators in addition to NTT Docomo Inc., internal affairs minister Sanae Takaichi said Tuesday.

All of the five firms found improper withdrawals from accounts at Japan Post Bank Co. Among the five, Z Holdings Corp., a subsidiary of SoftBank Corp., said it has found 17 cases of fraudulent money withdrawals totaling ¥1.41 million through its smartphone payment service PayPay.

Tokyo-based startup Kyash Inc. was another company hit by fraudulent withdrawals, according to the bank. The bank declined to disclose the names of the remaining three service firms for “security reasons.”

Similar to the recent scam involving NTT Docomo, in which ¥26.76 million had been confirmed stolen as of midnight Tuesday from more than 10 partnered banks, including Japan Post Bank, third parties are believed to have created unauthorized accounts on the service before linking them to Japan Post Bank accounts to transfer funds.


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