Japan: SMBC to Introduce All-in-One Payments Card

SMBC has announced the launch in March 2023 of “Olive”, an all-in-one card “that combines a Sumitomo Mitsui Banking account, credit, debit, and point payments.” It also provides access to “an SBI Securities account within the same app (Sumitomo Mitsui Financial Group took a 10% stake in SBI Holdings in mid-2022), and to a variety of insurance providers through the insurance portal launched by Sumitomo Mitsui Cards at the end of last year (Sumitomo Life,

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