In high-tech Japan, cash remains king, defying mobile payments
Once a pioneer in technologies for cashless transactions, Japan is now lagging the world's biggest economies in the embrace of electronic payments because most of the population still prefers physical money. Four out of five purchases are still made with cash in Japan, despite its ...
Seven & I to scrap 7pay smartphone payment service in Japan after users hacked
The Tokyo-based retail giant and operator of 7-Eleven convenience stores said it will end the service on Sept. 30.
Seven & I Holdings resets all 7pay passwords after ¥38.6 million hack
Seven & I Holdings Co. said Tuesday that it has reset passwords for all of the roughly 16.5 million registered 7pay IDs, which are needed to use its smartphone payment service, following a recent security breach of the service. Users will need to register new ...
Government urges Seven-Eleven Japan to beef up security after 7pay mobile payment fraud
After customers were allegedly defrauded through unauthorized access, the Ministry of Economy, Trade and Industry tells the operator of Seven-Eleven convenience stores that its mobile payment service is not secure enough.
One of two Chinese men held had paid ¥730,000 for 146 cartons of electronic cigarette cartridges at convenience store in capital using stolen IDs.
Users of 7-Eleven's mobile payment service lose total of ¥55 million after 900 accounts hacked
Tsuyoshi Kobayashi, president of Seven Pay Co., said the company will compensate users for the losses caused by fraudulent access.
Japan bets on QR code payments to sustain spending
When the baseball season kicked off in Japan this spring, fans of the Tohoku Rakuten Golden Eagles were faced with an inconvenience they'd never encountered before: The food and drink stalls did not accept cash. The team's owner, internet commerce firm Rakuten Inc., was trying ...
Two of Japan's biggest convenience store chains launch their own mobile payment services
Seven-Eleven Japan Co. and FamilyMart Co. have started their own smartphone payment services. Both major convenience store chains launched their services on Monday. They are expected to further intensify competition among similar services that already involve tech and financial companies. Seven-Eleven Japan President Fumihiko Nagamatsu said ...
Japanese government adopts draft bill to create high-tech 'supercities'
The government on Friday adopted a draft bill to realize its "supercity" initiative to create cities that make use of artificial intelligence, big data and other advanced technologies. In such cities, autonomous driving, cashless payments, goods delivery by drone and novel services using sophisticated technologies ...
Line Pay ¥30 billion campaign will allow users to send free ¥1,000 to all their friends
Line has about 80 million active users in Japan, of which about 32 million are registered Line Pay users, according to the firm.
Preparations for 2020 Tokyo Olympics transforming capital into 'global standard' city
Foreign-language signs are increasingly common along streets, cashless payment is becoming available at more shops and restaurants and ashtrays are vanishing from public spaces. Change is afoot in Tokyo. The capital is rapidly transforming into a "global standard" city with these moves ahead of the ...
Mitsubishi UFJ to issue its own digital currency in Japan, called 'coin,' by end of year
Mitsubishi UFJ Financial Group Inc. plans to put its original digital currency into practical use by the end of this year, according to President Kanetsugu Mike. The major banking group hopes to enable other enterprises, such as retail stores, to use the digital currency, called ...
