May 9, 2025 India — Phi Commerce, India’s leading omnichannel digital payment solutions provider, today announced a strategic partnership with DG Financial Technology (DGFT), the payments subsidiary of Digital Garage, Inc. which ranks among the top three payment processors in Japan This collaboration marks a key milestone in Phi Commerce’s international expansion journey and aims to bring next-generation digital payment solutions to one of the largest economies in the world — Japan.
With an extensive portfolio of omnichannel acquiring and issuing solutions, Phi Commerce is a Reserve Bank of India-licensed payment aggregator that has transformed the digital payments landscape in India. Its unified platform enables seamless transactions across online, in-store (PoS), and on-the-go channels, while its issuing solutions support end-to-end management of credit, debit, and prepaid cards. Phi Commerce’s partners include large enterprises, banks, and payment companies which use its solutions to drive scalability, speed, and efficiency in digital payments.
As part of this strategic collaboration, DGFT will exclusively distribute Phi Commerce’s solutions in Japan. The partnership is focused on adapting Phi Commerce’s unified payment platform to meet the specific needs of the Japanese market, creating a robust processing infrastructure for local card and payment companies. As part of the broader collaboration, Digital Garage has also extended a strategic investment through its group company, reinforcing its commitment to the partnership’s long-term success.
This partnership is built on two key pillars: cutting-edge technology and an established market reach. By combining Phi Commerce’s expertise in payments technology with DGFT’s deep understanding of the Japanese payments landscape this partnership aims to transform digital payments in Japan, making them more seamless, scalable, and ready for the future. This partnership represents Phi Commerce’s commitment to global excellence, demonstrating the company’s readiness to take on new markets and drive innovation at scale.
Quote from Hiroshi Shino, Director, Digital Garage / President, DGFT
“Under the Digital Garage Group strategy ‘DG FinTech Shift,’ DGFT has provided various payment solutions that support critical social infrastructure. Through the strategic partnership between the Digital Garage Group and Phi Commerce, DGFT aims to contribute to the business growth of a wider range of businesses by promoting the deployment of Phi Commerce’s solutions in Japan and accelerate its business toward the realization of a safe and secure cashless society. Additionally, Phi Commerce is located in Pune, the center of IT development in India, as is DGFT’s development organization, DG FutureTech India, and we look forward to strengthening our collaboration in terms of technology development.”
Quote from Jose Thattil, CEO and Co-Founder, Phi Commerce
“This partnership is a proud moment for Phi Commerce and a defining step in our global growth. Entering a sophisticated market like Japan is no small feat — it requires the right technology, the right partner, and the right approach. With DGFT, we have found a trusted collaborator who understands the local landscape deeply. This also reflects the growing connection between India and Japan in advancing the digital economy. Together with DGFT, we aim to simplify and elevate the payments experience, creating real impact through shared expertise and innovation.”
About Digital Garage
Name: Digital Garage, Inc.
Representative: Representative Director, President Executive Officer and Group CEO Kaoru Hayashi
Head office address: DG Bldg., 3-5-7 Ebisu Minami, Shibuya-ku, Tokyo
Shibuya PARCO DG Bldg., 15-1 Udagawa-cho, Shibuya-ku, Tokyo
Date founded: August 1995
Business: Digital Garage’s corporate purpose is “Designing ‘New Context’ for a sustainable society with technology.” Digital Garage operates a payment business that provides one of the largest comprehensive payment platforms in Japan. In addition, DG has a marketing business that provides one-stop solutions in the digital and real world, and a startup investment and development business that reaches out to promising startups and technologies in Japan and overseas.
URL: https://www.garage.co.jp/en/
About DGFT
Name: DG Financial Technology, Inc.
Representative: Representative Director, President and Co-COO, Executive Officer and SEVP Hiroshi Shino
Head office: DG Bldg. 3-5-7 Ebisu Minami, Shibuya-ku, Tokyo
Date founded: April 1997
Business: DGFT provides various cashless payment solutions such as credit card, QR code, and others to more than 1 million online and offline locations of merchants across Japan. In addition to the payment service provider business, DGFT also provides e-commerce infrastructure, marketing tools, fraud detection solutions, and other services in collaboration with the Digital Garage Group and strategic partners to support various businesses in their efforts to go cashless and promote DX.
Registrations:
・Registered as an electronic payment agency or intermediary
・Registered fund transfer operator
・Registered business operator for handling credit card numbers and similar data
URL: https://www.dgft.jp/
