Monex, a major online brokerage, has launched a new service in collaboration with Tokyo-based NTT Docomo, enabling customers to purchase mutual funds using credit cards.
The press release states that Monex will allow customers to use NTT Docomo’s d CARD for regular mutual fund purchases.
This integration offers investors up to 1.1% back in d POINTs on their monthly mutual fund payments.
Monex anticipates that this rewards system will encourage consistent investments by providing tangible benefits.
Customers using d Card GOLD will benefit from a flat return rate of 1.1% on periodic investments in NISA accounts.
Monex has highlighted this move as a means to offer users tailored financial services and simplify their investment processes.
In April, Monex Group finalized its acquisition of a majority stake in 3iQ Digital Holdings, a deal first announced in December 2023.
This acquisition has integrated 3iQ and its subsidiaries into Monex’s portfolio.
To support 3iQ’s growth, Monex committed $7.5 million to 3iQ’s Managed Account Platform (QMAP). QMAP aims to provide institutional investors with a variety of crypto hedge funds.
Monex expects this investment to bolster 3iQ’s operations in institutional digital asset management.
Monex’s acquisition and investment in 3iQ are part of its broader strategy to enhance its asset management business.
The company has been expanding its presence in the APAC region, with plans to increase its sales team by 80%.
Additionally, Nick Edgeley recently resigned as the CEO of Monex Europe Limited, the UK division of Monex Europe Holdings.
Michael Quinn has succeeded him and will also head Monex Europe Markets Limited, the firm’s investment division.
Edgeley founded Schneider Foreign Exchange in 2006, which Monex acquired in 2012, leading to a rebranding. After 18 years, he is leaving the company to explore other ventures.
Under his leadership, the company grew from a small team of four to a global enterprise with operations in five international offices.