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Business trends

Amazon enters Japan's cashless payments fray

US conglomerate sees opportunity to sway reluctant Japanese consumers

Amazon.com chose Japan, where only 20% of all consumer transactions do not use cash, as its test market for a cashless payment service at physical shops.

TOKYO -- Amazon.com of the U.S. has brought the Amazon Pay service to unaffiliated brick-and-mortar shops for the first time -- in Japan.

The big U.S. retail and tech group appears to see a lot of cashless potential in Japan, where most consumers still pay for groceries and other goods with bank notes and coins.

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