At Katsuyuki Hasegawa's bike repair shop customers are invited to settle their bills using PayPay - a tie-up between Softbank and Yahoo - using a QR code via their smartphones.But only"two or three" people a week are using the service, Hasegawa tells AFP.
With Japan becoming the first"super-aged" society with more than 28 per cent of people 65 or over, it is harder to persuade consumers to take up new technology, according to Yuki Fukumoto, an analyst at the NLI Research Institute.This is a serious challenge in a country with more than 200,000 ATMs and where most small shops will only take cash to avoid high transaction costs.
Payment cards for transport systems in Tokyo and other cities are also often used for small purchases from vending machines or convenience stores, but cash remains preferred for other transactions. Tokyo perhaps has an eye on the costs of such a dependence on cash, estimated by a Boston Consulting Group survey at 2 trillion yen to maintain ATMs and transport money around securely.Companies too are doing their best to promote a cashless society - earlier in the year, mobile company Rakuten started"100 per cent cashless" stadia for its baseball and football teams.
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