Mitsubishi UFJ NICOS was formed from a number of mergers over the years and traces its origins back to the June 1951 establishment of Nippon Shinpan Co., Ltd. At present, the company is focusing on providing safe, reliable and high-quality services with the mainstay “MUFG card” and other services, aiming to become the No. 1 comprehensive card business. In July 2011, Mitsubishi UFJ NICOS launched J-Mups, a cloud-based multi-settlement system that is compatible with the China UnionPay card and e-money, laying a stepping stone for future business development.