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Seven-Eleven mobile pay hack hits Japan's drive to go cashless

Troubled start for 7pay after convenience store chain chased front-runners

Seven & i's 7pay mobile payment service is available at Seven-Eleven convenience stores across Japan.
The hackers that broke into accounts of Seven & i's 7pay mobile payment service are believed to have been aided by the app's lack of two-step authentication.

TOKYO -- Seven & i Holdings' new mobile payment service has been hacked just days after its launch, dealing a blow to a key element of the Japanese convenience store operator's digital strategy.

Japan's second-largest retail group by sales on Monday rolled out 7pay, which lets users make purchases with a smartphone app at Seven-Eleven Japan's roughly 21,000 stores nationwide.

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