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© KYODOJapanese firms to promote common infrastructure for cashless payments
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© KYODO
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Beren_g
So let me get this.... Someone or someone's though that the only way out of having 500 different payment ways and an NFC system compatible only in Japan is to create a new payment method that probably will take years to integrate and even more time to adopt...???
Wow that's clever
JeffLee
Shouldn't they be cooperating within a global body instead of a national one in the development of common standards?
KnowBetter
Japan going cashless is as likely as Japan completely giving up the hanko and pachinko. Good luck with that!
Goodlucktoyou
I dream of a common point card. I have almost 30 different point cards.
cash is fine...
Mickelicious
Meanwhile new entrants using Visa and Mastercard's infrastructure will run rings around them.
proxy
Use cash. If your shopping budget is 10,000 yen and you have 10,000 yen cash in your pocket, you will stay within your budget easily.
tooheysnew
i can’t understand why anybody would want to carry around so many different points cards in their wallets, just so they can get themselves a free bar of soap or onigiri
Kumagaijin
I worry this new cashless system is going to require more paperwork, more verification, more passwords and a new smartphone that will accept the new apps.
Don't get me wrong, I think its a good idea if there is another pandemic, the gov can send money out to everyone in a flash, but don't make me buy another smartphone or even force me to own a smartphone.
Pukey2
That's why I don't use any of them. No point in having one card for each shop. I'll stick to my credit card and Suica.
Pukey2
bjorn:
I wouldn't want to see stores refuse cash. The elderly are more confident with cash unless the ore-ore calls sart again. But for many of us under 60's, we're sick of all those 1 and 5 yen coins, and fiddling about with change and heavy, bulging wallets.
Sven Asai
That’s of no use without first a common infrastructure for cashless incomes. lol
Jonathan Prin
Why ? Isn't yen the official currency accepted nationally ? Bank card working fine. No need of anything else otherwise stuck in Japan.
Antiquesaving
This will do nothing as long as Osaifu Keitai is needed for most phones and payment systems.
Anyone without a phone bought from the big providers will still not be able to do anything
Japan wants to host the Olympics but any tourism used to using their phone to pay in most other developed countries cannot use it here.
Sure iPhone Apple pay can be made to work with some work around but seeing Android is by far the phone most used in the world this leave most users without a Japanese phone with Osaifu Keitai out of luck.
proxy
@Dave Credit card cost you more as retailers need to increase their prices to afford to have the credit card companies take their slice of every POS purchase. Is it 3% of the sale that goes to the credit card company?
DatAss
A cashless society is a thinly-veiled attempt to monitor, trace, and tax your money. Everything will be permanently recorded on a central database and is yet another loss of liberty and freedom to big business and their govt lackeys. Why do you think there's such a push for it in Japan? The amount of untaxed cash sitting in bedroom safes in Japan is staggering and the government wants it. Be careful what you wish for as you may not like it once you have it.
Bjorn Tomention
C A S H works fine, if they wont take my CASH i wont shop at their store they simply won't be getting my money.
Seesaw7
Its time to go cashless! Its very irritating at Cashier points when someone takes much time to pay the exact amount. note, coins including 1 Yen.
Especially obachan, ojichan!! Also young women and men.