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Economy

Yamato bringing card-on-delivery option to Southeast Asia

Yamato Holdings will soon accept credit card payments on deliveries in Malaysia on a wide scale.

TOKYO -- Yamato Holdings will soon let package recipients in Southeast Asia pay for goods by credit card upon delivery -- an important step for payment infrastructure in markets where e-commerce is expected to boom.

The Japanese logistics company has teamed with Soft Space, a leading Malaysian financial technology company, on a system enabling home delivery personnel to take credit- and debit card payments by using a card reader and a smartphone. Around 70% of Yamato's delivery staff in Malaysia will be equipped with the compact reader terminal by the end of October, covering the majority of the country. Service will be extended to outlying areas later on.

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