Business trends

700 Japan banks rush to debut smartphone payment app in October

Launch moved ahead 6 months as government readies consumer incentives

About half of Japan's banks are planning to join a nationwide smartphone payment service. (Nikkei montage)

JUN WATANABE, Nikkei staff writerApril 10, 2019 18:59 JST | Japan

TOKYO -- About half of Japan's 1,400 banks are planning to join a nationwide smartphone payment service that is now slated to start in October.

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