ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Economy

E-money payments top 5tn yen in Japan

Cashless shopping catching on

TOKYO -- Electronic-money purchases at vending machines, convenience stores and elsewhere in Japan topped 5 trillion yen ($44.5 billion) last year, reflecting growing preference for cashless transactions among consumers.

The Bank of Japan on Tuesday released the data on payments made via e-wallet mobile phones and prepaid e-money cards embedded with chips -- such as the Suica card issued by East Japan Railway. The total value crossed the 5 trillion yen mark for the first time since the survey began in 2007. The number of transactions exceeded 5 billion.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more