Tag - cashless

 
 

CASHLESS

Noritaka Okabe, head of Japanese startup JPYC, at a news conference for the first yen stablecoin in Tokyo on Monday
BUSINESS / Tech
Oct 27, 2025
JPYC, world’s first yen stablecoin, is issued
One-second transfers costing less than ¥1 could become a reality.
The Slussen transport hub in Stockholm. Nordic and Baltic governments are increasingly concerned about Russian "hybrid war” attacks — low-level but highly disruptive tactics that disrupt infrastructure and services.
BUSINESS / Tech
Oct 17, 2025
Sweden's cashless society could be more vulnerable to hybrid war attacks
With 90% of transactions in the country being done digitally, cyberattacks that couple with psychological operations can spark widespread panic.
A sightseeing cart drawn by a water buffalo in Yubu Island in Okinawa Prefecture
JAPAN
Oct 15, 2025
Contactless payments to become option for Okinawa water buffalo cart rides
With the contactless payment option, the water buffalo cart operator's ticket counter work is expected to become less burdensome and more efficient.
Payments using the PayPay app will soon be possible in South Korea.
BUSINESS / Companies
Sep 26, 2025
SoftBank’s PayPay to become available in South Korea as company looks outward
Japan’s largest mobile payment platform decided on South Korea because it is the most popular country for people in Japan to visit.
A person holds a Binance cryptocurrencies QR code at a store in La Paz, Bolivia. Binance is favored in the country for its low fees and educational resources for new users.
BUSINESS / Economy
Aug 8, 2025
In land of 25% inflation, crypto is starting to replace money in Bolivia
From small coffee shops to large corporations, signs of cryptocurrencies being rapidly adoption are everywhere in the landlocked nation of 11 million in South America.
Bank of Japan Gov. Kazuo Ueda announces the start of the circulation of new banknotes on July 3, 2024.
BUSINESS
Jun 30, 2025
Japan’s new banknotes see slow adoption one year after launch
Roughly 5 billion new banknotes were in circulation as of the end of May, accounting for just 28.8% of all notes in use.
In addition to prepaid transportation integrated circuit (IC) cards, such as Suica and Pasmo, a growing number of railway operators are introducing contactless credit card payments.
BUSINESS
Jun 29, 2025
Railway firms diversify ticket gate access methods
A growing number of railway operators are introducing contactless credit card payments.
Although Japan's rate of cashless transactions remains relatively low compared with those of other countries, the share of such payments in personal consumption has surpassed 40% for the first time.
BUSINESS / FOCUS
May 21, 2025
Cashless payments top 40% of consumer spending in Japan
The country's cashless payment penetration remains low globally, with the risk of fraud and service interruptions due to natural disasters presenting hurdles to growth.
An expected collaboration between Sumitomo Mitsui Financial Group and SoftBank will see the PayPay smartphone payment service being made available via the Olive general financial app provided by Sumitomo Mitsui Banking.
BUSINESS / Companies
May 14, 2025
Sumitomo Mitsui and SoftBank to tie up on digital payment services
The PayPay smartphone payment service operated by a SoftBank affiliate will be made available in Sumitomo Mitsui Banking's Olive app under the partnership.
Toyota is considering transferring some production in the key Tokai region, which is expected to be hit hard in a Nankai Trough earthquake, to the Tohoku and Kyushu regions.
JAPAN / FOCUS
Apr 8, 2025
Japanese makers rush to mitigate possible Nankai Trough earthquake damage
The government is calling on manufacturers to diversify their production bases and suppliers to mitigate the risks.
Citizens’ holdings of cash in the three months ended in December was down 3.4% from a year earlier in the biggest drop in the data going back to 1998.
BUSINESS / Economy
Mar 21, 2025
Japan’s households slash cash at record pace as inflation bites
The decline mostly likely reflects the wider adoption of cashless consumption as well as a rise in nominal consumer spending due to inflation.
Fujitsu says it plans to stop manufacturing ATMs, which it started selling in 1977.
BUSINESS / Companies
Mar 2, 2025
Fujitsu to withdraw from ATM production
The electronics company started selling ATMs in 1977.
A stack of ¥10,000 bills equivalent to the year-end balance of banknotes in circulation would be 1,240 kilometers high, or about 328 times higher than the 3,776-meter Mount Fuji.
BUSINESS
Dec 31, 2024
Japan's year-end banknote balance down for second straight year
The drop resulted from people increasingly opting for cashless payments.
The fall of financial assets held by households in Japan reflected a decline in stock prices following the central bank's decision in July to raise interest rates, as well as a weaker yen.
BUSINESS / Economy
Dec 18, 2024
Japan household financial assets post first fall in eight quarters
The fall reflected a decline in stock prices following the central bank's decision in July to raise interest rates, as well as a weaker yen.
The East Japan Railway Shinjuku Station in Tokyo. Within the next 10 years, JR East will develop automated walk-through gate technology so that passengers can enter the train platform without having to tap their Suica card or phone on the ticket gates.
BUSINESS / Companies
Dec 11, 2024
JR East announces 10-year plan to drastically overhaul Suica
Dubbed the "Suica Renaissance," the plan involves redesigned ticket gates, new payment features and a subscription service.
Infcurion offers technology powering a range of payments services such as digital wallets and credit cards.
BUSINESS / Companies
Oct 11, 2024
Japanese payments company Infcurion says planning IPO in 2025
Infcurion, founded in 2006, offers technology powering a range of payments services such as digital wallets and credit cards.
A user receives ¥50,000 of their salary through the PayPay app.
JAPAN
Sep 25, 2024
SoftBank makes first salary payments via its digital platform PayPay
Employees asking to receive part of their salaries via cashless payment services received the money through the PayPay platform, operated by a SoftBank Group affiliate.
The PayPay app had about 60 million registered users as of October.
BUSINESS / Companies
Jul 8, 2024
SoftBank group firm PayPay Securities aims to double accounts
The company has been in the red since February 2021, with a net loss of ¥4.6 billion ($29 million) for the 2023 fiscal year.
Digital crime in Sweden has doubled since 2021 and become a growing risk for the Nordic economy.
BUSINESS / Tech
Jun 22, 2024
Ditching paper money makes Sweden a haven for digital criminals
Digital crime in Sweden has doubled since 2021 and become a growing risk for the Nordic economy.
A poster for digital coupons at a store in the city of Fukushima
JAPAN / Society / Regional Voices: Fukushima
Mar 11, 2024
Fukushima’s welfare coupon campaign highlights digital divide
A call center dedicated to the initiative received so many calls that telephone lines were overloaded.

Longform

Mamoru Iwai, stationmaster of Keisei Ueno Station, says that, other than earthquake-proofing, the former Hakubutsukan-Dobutsuen (Museum-Zoo) Station has remained untouched.
Inside Tokyo's 'phantom' stations — and the stories they tell