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Business trends

FamilyMart joins chase for Japan's cashless purses

Japan's convenience chains gear up to battle internet giants Alibaba and Apple

FamilyMart's cashless payments system will operate through a smartphone app. No plastic cards will be issued.

TOKYO -- Japanese convenience store chain FamilyMart will introduce an app-based proprietary mobile payment service in July.

Famipay will be available at the chain's 17,000 convenience stores throughout Japan. Customers pay by displaying a QR code for cashiers to scan.

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