MUFG Bank to launch smartphone payment service

Business / Financial Markets Dec 4, 2019

MUFG Bank to launch smartphone payment service

MUFG Bank will set up a joint company with human resources services provider Recruit Holdings Co. to launch a smartphone-based cashless payment service, it was learned Wednesday. The core banking arm of Mitsubishi UFJ Financial Group Inc. will seek to utilize Recruit's client base of ...

Business Nov 18, 2019

Nearly 20% of Japan households using e-money but cash still king

Almost a fifth of households use electronic money for small purchases, a survey by a central bank-affiliated research institute shows, up from a year ago and a sign the culture of cash-hoarding is changing. In the survey conducted between June and July, 18.5 percent of ...