Japan continues to turn to QR code mobile payments to encourage cashless transactions

QR Code mobile payments - Square cashless payments system

QR code payments greeted baseball fans in Japan at Eagles stadium in the spring. QR code mobile payments are increasing in Japan as the country seeks to find new ways to encourage more cashless transactions. When Japan’s baseball season started in the spring, fans of the Tohoku Rakuten Golden Eagles were surprised to find food, beverage and merchandise stalls were cash-free. This was done in an effort to promote QR (quick response) code digital payments. What began as a marketing ploy by the baseball team’s owner evolved into something more…

Read More

QR code payments slowly gain ground in Japan

QR Code Payments Japan - Tokyo City

The pace payment growth through quick response codes has been slow in Japan. QR code payments are steadily on the rise in the country, with the number of convenience stores, restaurants and other shops slowly adopting this convenient form of payment. Still, the pace of growth has certainly been slow, and part of this reason is due to commission fees. Stores who offer the payment method typically have to cover a 3% commission fee. Cash still remains the primary payment option in Japan, but major information technology firms are working…

Read More

Japan Bank Consortium looks to Ripple app mobile payments

Ripple App - Image of Mobile User with iPhone

The cryptocurrency has been attracting considerable financial sector attention and is set to explode. The Ripple app is taking the spotlight in front of the massive Japan Bank Consortium. The cryptocurrency has been drawing considerable global financial sector attention. The company behind it is developing a unique method of streamlining cross-border transactions. Many feel the Ripple app could turn the banking industry on its head. The Japanese bank consortium is looking to get in early to adequately revamp to keep up. The new mobile app recently launched in the country.…

Read More

QR code based payments next up for Japanese banking coalition

QR code based payments - Yen symbol

A new quick response code system for mobile transactions will be ready by the end of March. A Japanese megabank coalition is moving forward with a new QR code based payments system. The system will be ready by the end of March. That said, the whole thing won’t roll out until the 2019 fiscal year. The coalition is composed of three very large and powerful banks headquartered in the country. The three banks making up the coalition are Sumitomo Mitsui Financial Group, Mizuho Financial Group, and Mitsubishi UFJ Financial Group.…

Read More

New mobile payments service coming to Japan

NFC Mobile Payments Mastercard QR Code PayPass MasterPass

MasterCard unveils new mobile payments venture in Japan Mobile payments are attracting strong interest in Japan. Consumers in the country appear to be very open to the idea of mobile commerce and have shown comfort with shopping online via their mobile devices. Indeed, the demand for mobile commerce services in Japan is on the rise and MasterCard is looking to answer the call. MasterCard has teamed with C-SAM and DNP in order to launch a new mobile payments platform that is based on NFC technology. White label platform may be…

Read More