Press Release
To all members of the media
June 28, 2023
JTB Business Travel Solutions, Inc.
BIPROGY Inc.

JTB Business Travel Solutions and BIPROGY concluded a business allianceagreement on expense reimbursement service using electronic money,
including transportation expenses

JTB Business Travel Solutions, Inc., a JTB Group company that provides J’sNAVI NEO, an expense
settlement and business travel management solution, (President & CEO: Masahiro Harada; hereinafterreferred to as “JTB-CWT”) and BIPROGY Inc. (President & CEO, CHO: Akiyoshi Hiraoka; hereinafterreferred to as “BIPROGY”) have started to jointly study an expense reimbursement service using
electronic money (*1) with the aim of improving the customer experience in expense settlement andconcluded a business cooperation agreement with the goal of launching the service in 2024.
With the introduction of this service, companies will have a new option to reimburse expenses paid byemployees using electronic money, reducing bank transfer costs for companies, and allowing employees
to receive reimbursements sooner.
(*1) Planning to use QR code payment services.

1.

BackgroundIn recent years, the deregulation of the Payment Services Act has significantly accelerated the entry ofnew payment businesses into the market. It has promoted the use of cashless payment methods in people’s
daily lives. Recognizing the growing needs of customers for electronic money, JTB-CWT and BIPROGY
started to jointly study an expense reimbursement service based on electronic money using doreca (*2), avalue exchange platform provided by BIPROGY.
(*2) A platform service provided by BIPROGY that enables online money transfers to personal electronic money accounts.

2.

Overview of the Service We Are Aiming for
In the service we are aiming for, employees request, through J’sNAVI NEO, reimbursement fortransportation and business travel expenses they have paid, and the company pays them into electronicmoney accounts of the employees’ choice. Employees can choose an electronic money account for their
daily use as their expense reimbursement account, in addition to regular bank accounts, allowing them toreceive the reimbursements on the day they request them, at the earliest.

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Benefits for companies

1. Reduction of money transfer fees (*3)
2. Improvement of employee satisfaction by increasing the options for reimbursement methods(*3) In comparison with the transfer of reimbursements to employees’ bank accounts with standard bank charges.

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Benefits for employees
1. Able to receive reimbursements in the form of electronic money for use on a daily basis.
2. Able to receive reimbursements on the day they request them, at the earliest.

Figure: Expense reimbursement service using electronic money

3.

Future Development◼

JTB-CWT aims to enhance customer convenience and further improve customer satisfaction byexpanding the use of the expense reimbursement service using electronic money.

◼

By utilizing digital technologies and providing services that meet the increasingly diverse needs ofcustomers, we will contribute to the realization of a society in which all customers’ lives are enriched.

◼

By expanding the functions of doreca, a value exchange platform, BIPROGY will enter a new areasuch as digital salary payment, in addition to the system of expense reimbursement in the form ofelectronic money and contribute to further increases in customer value.

Related Links◼

J’sNAVI NEO, an expense settlement and business travel management solution:
https://www.jsnavineo.com/◼

doreca, a value exchange platform: https://smarttown.jp/concept/doreca/* J’sNAVI NEO is a registered trademark of JTB Business Travel Solutions, Inc.
* doreca is a registered trademark of BIPROGY Inc.
* QR Code is a registered trademark of Denso Wave Incorporated* The information provided is current as of the date of publication. Please note that the information is subject to change without notice.

JTB Business Travel Solutions, Inc.
Representative: Masahiro Harada, President & CEO
Location: NBF Toyosu Canal Front, 5-6-52, Toyosu, Koto-ku, Tokyo
Established in: August 2000
Corporate website: https://www.jtb-cwt.com/
BIPROGY Inc.
Representative: Akiyoshi Hiraoka, President & CEO, CHO
Location: 1-1-1, Toyosu, Koto-ku, Tokyo
Established in: March 1958
Corporate website: https://www.biprogy.com/<Contact for press inquiries>
Corporate Planning Department, JTB Business Travel Solutions, Inc.
Phone: +81-(0)3-5548-8284
PR Office, Public Relations Department
BIPROGY Inc.
https://www.biprogy.com/newsrelease_contact/<Contact for inquiries from customers and companies>
T&E Solutions Department, JTB Business Travel Solutions, Inc.
In charge: Sato
Phone: +81-(0)3-5548-8447