The mayor of London on Thursday urged Japan to embrace more financial innovations such as mobile payments as it prepares for the 2020 Tokyo Olympics.

Speaking on a visit to Tokyo, Mayor of London Boris Johnson said London-based financial technology companies can help Japan Inc. bring itself up to date with new conveniences such as swipe-card payments and private taxi-hailing apps.

He said such innovations are unstoppable, however much established industries may resent the fact.