Japan loves cash more than any other developed country in the world.
Cash transactions account for 70% of transactions in Japan, compared with 30% in other developed countries.
In recent years, with the popularity of mobile payment and the promotion of the Japanese government, “Cashless payments” are becoming more common in Japan, even the current Japanese Prime Minister Shinzo Abe has personally experienced “cashless payments” and praised it.
Japan’s Bank of Risona Bank will launch a new app on 25th this month, claiming to be “the first app to choose from multiple payment methods.” According to Japanese media reports。
When users pay with the app, they can either recharge the amount in advance to the account, or “pay in advance,” according to Risona Bank, Alternatively, you can choose to pay with a credit card at the time of payment, known as “” pay after buy.” ” In addition, the program can set usage quotas and so on.
Users will be able to download the app for free from Thursday and it will be available in about 5,000 pharmacies, restaurants and other stores from the middle of next month, the report said.