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Business trends

Yahoo Japan latest to enter crowded mobile payment field

Companies increasingly vying for control over cashless transactions in Japan

TOKYO -- Internet portal operator Yahoo Japan said Friday that it will start a mobile payment service this autumn, becoming the latest to join the cashless payment bandwagon.

The move is an attempt by the SoftBank Group affiliate to challenge Line, a popular chat app operator, which has championed mobile payment in Japan. Line last month unveiled plans to roll out a mobile payment system based on quick response (QR) codes in Japan.

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