Fintech in Japan: How App Payments Are Changing Cash Culture

Written by tommatsuda | Published 2020/08/06
Tech Story Tags: fintech | japan | cashless | cashless-transactions | consumerism | china | tech-news | future-of-money

TLDR Despite its East Asian neighbours moving rapidly towards a cashless future, Japan is a cash society. Digital wallet provider Kyash recently gained $45 million in funding to help Japan convert to cashless payments amid the coronavirus outbreak. Line Pay, a QR code payment solution embedded within the widely used Line messenger app, is one such player. The more payments you make also increase your status with Line Pay offering you a platinum status with access to coupons and the ability to register for a credit card. The app also houses loyalty cards of retailers such as Starbucks and Muji.via the TL;DR App

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Written by tommatsuda | t
Published by HackerNoon on 2020/08/06