New QR code security system in Japan to help boost cashless transactions in the country

QR code security system - CGTN America YouTube

Electronic payments have been slow to expand in Japan. A new QR code security system is in the works that could help cashless payments take off in Japan. The country wants to increase its number of digital transactions to not only reduce the number of cash transaction, but to also make it easier for the government to collect taxes with better efficiency. Japan wants to increase total digital payments of all transactions to 40% by 2025. In Japan, cashless payments have been slow to take off, with 80% of people…

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QR codes payment tech increasingly adopted by Japan to cater to Chinese tourism

QR codes payment tech - Wall of QR codes

Japan is making an effort to adopt the preferred payment method of their most frequent visitors. Cashless payments are huge in China and now Japan is focusing on incorporating QR codes payment tech into more of its businesses that attract its growing number of Chinese tourists. This is a big step as currently most of the nation’s restaurants and operators of activities and attractions do not accept the preferred payments of Japan’s largest foreign tourist population. QR codes are quickly overtaking other payment options in Japan. Credit cards with computer…

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