Company Information

Get to know Sumitomo Mitsui Card Company

Founded in 1967, Sumitomo Mitsui Card Company (SMCC) is a pioneer in Japan's credit card industry, having issued the first Visa card in the country. As a strategic subsidiary of Sumitomo Mitsui Financial Group (SMFG), SMCC's mission is to promote and develop a cashless society by providing a wide range of payment services. Its core business includes the issuance of credit cards (including Visa and Mastercard), debit cards, and prepaid cards, as well as providing payment processing, acquiring services, and innovative payment terminals for merchants, such as its all-in-one "stera" platform.

Industry

Financial PaymentPRIMARY
Financial Insurance
Financial Other Service

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Sumitomo Mitsui Card Company

Japan

Founded in

26 Dec 1967 (58 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.