MTG News

 

MTG Co., Ltd.,*1 has partnered with McLEAR Ltd.*2 to launch a brand of fashionable ring-shaped wearable devices that enable cashless payments when waved over a terminal. McLEAR officially launched in the United States on January 23, 2018.
*1: Headquarters: Nagoya, Aichi; Representative Director & President: Tsuyoshi Matsushita
*2: Headquarters: United Kingdom; CEO: Joseph Prencipe

MTG is proud to add McLEAR to its family of innovative brands. McLEAR will leverage MTG's expertise in product development, production, branding, and marketing. Meanwhile, MTG will roll out McLEAR to multiple generations, territories and industries as a brand that makes smarter lifestyles a reality for people around the world - thereby creating a whole new culture.

It is believed that cashless payments will bring about significant economic benefits. In Tokyo alone, a 20% increase in cashless payments has been projected to deliver economic benefits approximating 2.2 trillion yen. *3 It also is drawing expectation among A growing number of shops and restaurants are looking to cashless payments as a way of enhancing bill payment efficiency and covering for shortages of staff.
*3: Source: The Nikkei The economic benefits of wealth-generating cashless payments - 2 trillion yen in Tokyo

Through the rollout of McLEAR, MTG will contribute to the creation of a new market, generate significant economic benefits, nd revitalize all of society on a global level.

The product has been available for pre-order in the United States since January 23, 2018. Plans are currently underway to launch in the United Kingdom next, and in Japan by 2020.

The global banking industry recognizes that smartrings are a far more efficient payment option than credit cards, which have until now dominated the cashless payment market.
BankWest of Australia has already signed a transactional agreement with McLEAR, while several other international banks are clamoring to follow suit.