Wallets/smbc-olive
Olive (SMBC + Sumitomo Mitsui Card)
0 standards supported
Overview
Olive = Sumitomo Mitsui Banking Corporation (SMBC) + Sumitomo Mitsui Card Company comprehensive financial service launched March 2023 for individual customers [1, 2, jp-cro]. Olive growth trajectory:
- February 2024: 2M accounts (~1 year after Mar 2023 launch)
- July 2024: 3M accounts (~1.5 years after launch)
- Hailed as the new standard of financial services
Distinctive Olive positioning [1, 3]:
- Comprehensive financial service — seamlessly combines bank accounts + card payments + financing + online securities + online insurance on a single app
- SMBC + Sumitomo Mitsui Card joint product — distinctive bank + card-company integrated offering
- Hailed as "the new standard of financial services among many" — distinctive Japanese banking-superapp positioning
- SMBC parent: Japan Big-3 bank (alongside MUFG + Mizuho)
History
2001 — Sumitomo Mitsui Banking Corporation (SMBC) formed via Sumitomo Bank + Sakura Bank merger.
2002 — Sumitomo Mitsui Financial Group (SMFG) holding company established (TSE: 8316).
March 2023 — Olive launched [2] by SMBC + Sumitomo Mitsui Card as comprehensive financial service for individual customers.
February 2024 — Olive reaches 2M accounts (~1 year after Mar 2023 launch) [2].
July 2024 — Olive reaches 3M accounts (~1.5 years after launch) [3].
2025 — Olive enters next growth phase with new features [4] — distinctive Tokyo FinTech (Norbert Gehrke) coverage.
Ownership & operator
Operating entity: Sumitomo Mitsui Banking Corporation (SMBC) + Sumitomo Mitsui Card Company (both subsidiaries of Sumitomo Mitsui Financial Group); Sumitomo Mitsui Financial Group (SMFG) parent (TSE: 8316).
Major shareholders (SMFG): Master Trust Bank of Japan + Custody Bank of Japan + various Japanese institutional + TSE public float (widely held; significant Sumitomo + Mitsui group + Japanese institutional ownership).
Regulators: FSA (Financial Services Agency of Japan) + BoJ (Bank of Japan) + per-country.
Technical integration
| Layer | Description |
|---|---|
| Channels | Olive app (iOS + Android; comprehensive financial service for individual customers) + SMBC Direct (SMBC retail mobile banking) + SMBC cards (Sumitomo Mitsui Card) + SMBC branch network |
| Identifiers | Phone + card number + Japanese ID |
| JP rail | jpqr (JP national QR + JP standard QR + interoperability with PayPay + Rakuten Pay + d-barai + au PAY) |
| License | Bank (SMBC full Japanese banking license; Japan Big-3 bank) |
| Sub-products | Olive (comprehensive financial service: bank accounts + card payments + financing + online securities + online insurance on single app) + SMBC Account + SMBC Cards (via Sumitomo Mitsui Card) + SMBC Loans + SMBC Mortgages + SMBC Investments + SMBC Nikko Securities (SMBC's securities/brokerage arm) + SMBC Aviation Capital + SMBC Indonesia (PT Bank BTPN; SMBC subsidiary) |
| Olive distinctive: Bank + card company JV; seamlessly combines bank + card + financing + securities + insurance on single app |
Users & growth
- March 2023: Olive launched
- February 2024: 2M accounts (~1 year after launch)
- July 2024: 3M accounts (~1.5 years after launch)
- 2025: Olive enters next growth phase with new features (Tokyo FinTech coverage)
- Japan Big-3 bank (SMBC parent)
Use cases
Japanese individual customers' comprehensive financial service via Olive app — seamlessly combines bank accounts + card payments + financing + online securities + online insurance on single app; SMBC corporate + multi-country retail + investment banking via SMBC Direct + SMBC Nikko Securities + SMBC Aviation Capital + SMBC Indonesia (PT Bank BTPN).
Implementations & partners
Operator: Sumitomo Mitsui Banking Corporation (SMBC) + Sumitomo Mitsui Card Company (Sumitomo Mitsui Financial Group; TSE: 8316).
Major shareholders (SMFG): Master Trust Bank of Japan + Custody Bank of Japan + Japanese institutional + TSE public float (widely held).
Major Japanese banking + payment competitors:
- [[mufg-bank]] (MUFG Bank; Japan's largest financial group; total assets ~US$2.7T)
- [[mizuho-bank]] (Mizuho Bank; Japan Big-3; Mizuho Direct ~12.6M online banking customers Mar 2024)
- Resona Bank (JP Top-4 + Resona Holdings)
- Japan Post Bank (JP government-owned postal bank; largest by retail deposits)
- [[paypay]] (Batch 29 covered; JP mobile-payment leader; SoftBank + Yahoo Japan + Z Holdings JV)
- [[rakuten-pay]] + [[d-barai]] + [[au-pay]] (Batch 29 covered; JP mobile-payment ecosystem)
SMBC subsidiaries: Sumitomo Mitsui Card (Olive co-issuer) + SMBC Nikko Securities (securities/brokerage) + SMBC Aviation Capital (aircraft leasing) + SMBC Indonesia (PT Bank BTPN) (Indonesian banking; covered Batch 27 as Jenius parent context).
Money Forward partnership: SMBC's Sumitomo Mitsui Card + Money Forward basic agreement on capital/business alliance in B2C services (Jul 2024).
Regulators: FSA + BoJ + per-country.
Fun facts
- March 2023 Olive launch by SMBC + Sumitomo Mitsui Card as comprehensive financial service for individual customers.
- Olive growth trajectory: 2M (Feb 2024) → 3M (Jul 2024) — distinctive Japanese banking-superapp adoption.
- Hailed as "the new standard of financial services among many".
- 2001 SMBC formation via Sumitomo Bank + Sakura Bank merger.
- 2002 Sumitomo Mitsui Financial Group (SMFG) holding company established (TSE: 8316).
- Bank + card-company joint product — distinctive SMBC + Sumitomo Mitsui Card integrated offering.
- Olive seamlessly combines bank accounts + card payments + financing + online securities + online insurance on single app.
- SMBC Indonesia (PT Bank BTPN) subsidiary — distinctive Japanese mega-bank Indonesian banking subsidiary.
Comparison
| Feature | Olive (SMBC + Sumitomo Mitsui Card) | [[mufg-bank]] (Japan's largest financial group rival) | [[mizuho-bank]] (Japan Big-3 rival; Mizuho Direct ~12.6M) | [[paypay]] (Batch 29; JP mobile-payment leader) | [[banco-itau]] (Brazil's largest private bank + LatAm largest comparable Japanese-bank-superapp model) |
|---|---|---|---|---|---|
| Operator | Sumitomo Mitsui Banking Corporation + Sumitomo Mitsui Card Company (Sumitomo Mitsui Financial Group; TSE: 8316; Master Trust + Custody Bank of Japan + Japanese institutional + TSE float) | MUFG Bank Ltd. (Mitsubishi UFJ Financial Group; TSE: 8306) | Mizuho Bank (Mizuho Financial Group; TSE: 8411) | PayPay Corporation (SoftBank + Yahoo Japan + Z Holdings JV) | Itaú Unibanco Holding S.A. (B3: ITUB4; NYSE: ITUB; IUPAR + Itaúsa + Moreira Salles family + B3 float) |
| Type | Japan Big-3 + Olive comprehensive financial service for individuals (bank + card + financing + securities + insurance on single app); SMBC + Sumitomo Mitsui Card JV | Japan's largest financial group + total assets approaching US$2.7T + Mitsubishi-Morgan Stanley alliance + 25+ countries | Japan Big-3 + Mizuho Direct ~12.6M online banking | JP mobile-payment leader | Brazil's largest private bank + LatAm largest by market value + Itaú App superapp |
| Country | JP + 21+ other countries | JP + 24+ other countries | JP + global | Japan primary | BR + 11 other countries |
| Users | Olive 3M accounts (Jul 2024); 2M (Feb 2024) → 3M (Jul 2024) growth trajectory | Total assets approaching US$2.7T; ~10.2M Mitsubishi UFJ Direct online banking (Mar 2024) | ~12.6M Mizuho Direct online banking subscribers (Mar 2024) | 65M+ users PayPay JP | ~60M customers worldwide; Nov 2025 R$460B (US$82B) market cap |
| Distinctive | Mar 2023 Olive launch by SMBC + Sumitomo Mitsui Card; bank + card-company joint product distinctive integrated offering; Olive seamlessly combines bank accounts + card payments + financing + online securities + online insurance on single app; hailed as "the new standard of financial services among many"; 2001 SMBC formation via Sumitomo Bank + Sakura Bank merger; SMBC Indonesia (PT Bank BTPN) subsidiary | 1880 Mitsubishi Bank predecessor; 2006 Bank of Tokyo-Mitsubishi + UFJ Bank merger; 2008 ~22% Morgan Stanley stake; Mitsubishi UFJ Morgan Stanley Securities MS-MUFG JV | JP Big-3; Mizuho Direct App + Mizuho Wallet apps | SoftBank + Yahoo Japan + Z Holdings JV; JP mobile-payment leader | 1924 centennial 2024; Itaú + Unibanco 2008 merger; LatAm's largest bank by market value Nov 2025 R$460B (US$82B); Iti digital bank for unbanked |
Status
Active, Japan Big-3 bank + Olive comprehensive financial service [1, 3]:
- Sumitomo Mitsui Banking Corporation (SMBC) + Sumitomo Mitsui Card Company (Sumitomo Mitsui Financial Group; TSE: 8316) — SMBC since 2001 (Sumitomo Bank + Sakura Bank merger); Olive since March 2023.
- Olive 3M accounts (July 2024) — distinctive Japanese banking-superapp adoption.
- Japan Big-3 bank.
- SMBC Indonesia (PT Bank BTPN) + SMBC Nikko Securities + SMBC Aviation Capital subsidiaries.
- FSA + BoJ + per-country regulated.
Sources
- 1 Olive — Sumitomo Mitsui Financial Group
- 2 SMBC's Olive reaches 2M accounts — Tokyo FinTech
- 3 SMBC's Olive reaches 3M accounts Jul 2024 — Tokyo FinTech
- 4 SMBC's Olive enters next growth phase — Tokyo FinTech
- jp-cro In-corpus:
reports/countries/JP-japan.md
Source
Biography extracted from smbc-olive.md. See matrix.md for standards-support matrix if present.