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Cash still king in Japan: Ageing population doesn't prefer mobile payments; campaigns launched to change transaction habits
Business

Cash still king in Japan: Ageing population doesn't prefer mobile payments; campaigns launched to change transaction habits

in Japan, where crime and counterfeiting are virtually non-existent, people feel more comfortable carrying cash and consumer response has been sluggish.

Paytm chief sets sight on dominance in Japanese market before US foray; keeps mum on extortion case
Business

Paytm chief sets sight on dominance in Japanese market before US foray; keeps mum on extortion case

The Paytm founder said that dominance in Japan is very important. It's a market that we believe, is at an inflection point because people have done lot of trials but led with card (credit/debit).

SoftBank partners Paytm to launch mobile payments service 'PayPay' in Japan
Business

SoftBank partners Paytm to launch mobile payments service 'PayPay' in Japan

In Japan, cash is still the mainstream payment methodology, with the current cashless payment ratio remaining at 20 percent, SoftBank said adding that the Japanese government is taking measures to raise the cashless payment ratio to 40 percent by 2025.

Apple Pay accounted for 1 percent of digital payments in a month after launch: report
News & Analysis

Apple Pay accounted for 1 percent of digital payments in a month after launch: report

Mobile payments have been around for a while now, but the increasing adoption of Apple Pay could soon transform it into a worldwide phenomenon.