Cashless payments in Japan top one-third of spending

Pandemic precautions spurred shift to contactless purchasing

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Cashless purchasing in Japan grew 17% last year to reach 111 trillion yen. (Photo obtained by Nikkei)

DAICHI MISHIMA and NATSUMI IWATA, Nikkei staff writers

TOKYO -- Cashless payments have grown to account for more than one-third of all consumption in Japan, fueled by the demand for touchless purchasing options during the COVID-19 pandemic.

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