Declan Somers, Mobal Communications - The simpler way to pay in Japan (S3E45)
In this episode of the eXponential Finance Podcast, we explore the challenges foreign residents face when opening bank accounts in Japan. Declan Somers, Chief Executive Officer of Mobal Communications, the owner of MobalPay, shares his unique journey to & from Japan to Ireland, working in telecoms, and their impactful work in Malawi. The discussion dives into the features and impact of their mobile pay product, how it aids the foreign community in Japan, and their charitable coffee business supporting Malawian children. Key topics include the transition from physical SIM cards to eSIMs, the integration of point systems for payments, and the growing importance of Asian residents in Japan. Declan also addresses fraud prevention, the benefits of prepaid cards, and the significance of trust and physical presence in financial services. Produced in collaboration with Tokyo FinTech. If you have an interesting story to share with our audience, and would like to appear on the podcast, please contact us via podcast@tokyofintech.com We also publish a weekly LinkedIn newsletter, the "Japan FinTech Observer", which we invite you to subscribe to: https://www.linkedin.com/newsletters/7048203270833524736/ You can also find us on.... Home Page: https://tokyofintech.com/ LinkedIn: https://www.linkedin.com/company/tokyofintech/ Twitter: https://twitter.com/TokyoFinTech Blog: https://www.fintechobserver.com YouTube: https://www.youtube.com/c/tokyofintech Meetup: https://lu.ma/japanfintechobserver?utm_source=spotify