TOKYO -- Japan's three largest banking groups have scrapped plans for a peer-to-peer remittance service linked to mobile phone numbers, deeming the project redundant as each develops its own digital services.
Business trends
Japan megabanks nix plan for peer-to-peer mobile remittance
Mizuho, SMFG and MUFG opt to hone their own digital currencies
Women use their smartphones in Tokyo's upscale Ginza district. Japan's digital payment market is growing increasingly crowded. © Photo by Tsuyoshi Tamehiro
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