The Bank of Yokohama, Ltd. (Yokohama Bank), JAPAN POST BANK Co., Ltd. (JP Bank) and TOKYU CORPORATION (Tokyu Corp.), and GMO Payment Gateway, Inc. (GMO-PG), have launched 'Cash-Out Service'^*2 a bank account-linked cash withdrawal service using the ticket machines of Tokyo Line train stations (excluding Setagaya Line and Kodomo-no-Kuni Line). This service is available from May 8, 2019.
This first-ever service in Japan^*3 allows users to withdraw money from their bank account from the ticket machine at train stations; a feat made possible by leveraging the 'real time bank account linked smartphone app service' co-developed by GMO-PG and Yokohama Bank.
Users of "Hama Pay" offered by Yokohama Bank and "Yucho Pay" offered by JP Bank, designate the amount to be withdrawn on their smartphone, which then generates a QR code. The user can receive the cash by scanning the QR code on the ticket machine^*4. Users can chose from the 3 amounts of \10,000, \20,000 and \30,000 with a one-time withdrawal limit of \30,000; and the service hours extend from 0530 to 2300 on all days. The no-fee campaign to commemorate the service launch will continue up to June 30, after which normal fee apply.
GMO-PG will work on expanding this service to rail operators other than Tokyu Line by leveraging on this service's framework. By enabling cash withdrawal to be made from ticket machines at train stations - a pivotal place in a Japanese' daily lives - this service will contribute to resolving issues and inconveniences in the community.

• *1 Excluding Setagaya Line and Kodomo-no-kuni Line.
• *2 This service enables a user to withdraw money from their bank account by using an account-linked payment method on their smartphone or debit card, at any retailer store or automatic payment unit.
• *3 Patent pending
• *4 QR Code is registered trademark of DENSO WAVE.

▲Image of the Cash Out app