Mitsubishi UFJ Financial Group Inc.'s credit-card unit expects to double transactions by 2020 in anticipation that Japan will become a less cash-oriented society by the time Tokyo hosts the Olympic Games that year.

Mitsubishi UFJ Nicos Co. and its group companies are targeting combined card transactions of ¥20 trillion ($197 billion), up from ¥10.2 trillion in the year that ended in March, the company's President Haruo Inoue said July 4.

"The key word is 2020," he said.