"In a place like this, everything is very slow. We get lots of old people who like to chat while getting out their money. They don't need quick transactions," says the 40-year-old shopkeeper.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.
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. It also plans to introduce a points system to partially reward customers paying by cashless means as a way to mitigate a controversial hike in consumption tax from eight percent to 10 per cent from October.
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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hotels in Japan turn to uniquely Japanese elements to woo touristsTOKYO (THE YOMIURI SHIMBUN/ASIA NEWS NETWORK) - As the number of foreign visitors to Japan continues to surge, unique hotels featuring quintessentially Japanese elements such as manga and robots have opened one after another.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Blood and sport: The samurai slashing that brought rugby to JapanWhen 70,000 fans cram into Japan's Yokohama stadium for the Rugby World Cup final, few will be aware of the area's rich rugby history which ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan shrine for war dead vandalised by man claiming to be ChineseJapanese police on Monday arrested a man claiming to be Chinese for throwing a black ink-like liquid on a curtain at one of the buildings of Tokyo's Yasukuni Shrine for war dead, the Metropolitan Police Department said. Japan's neighbours see the shrine as a symbol of the country's former
Source: YahooSG - 🏆 3. / 71 Read more »
Japan again approved shipment of photoresists to South Korea: YonhapSEOUL (REUTERS) - Japan has approved shipment of a high-tech material to South Korea for the second time since imposing export curbs last month, Yonhap News Agency reported late on Monday (Aug 19), citing industry and government officials.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Japan Inc backs PM Abe's tough trade stance on South Korea amid row: PollTOKYO (REUTERS) - Japanese companies broadly support Prime Minister Shinzo Abe's tough trade stance against South Korea, a Reuters poll found.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Japan Inc backs Abe's tough trade stance vs South Korea amid row: Reuters pollJapanese companies broadly support Prime Minister Shinzo Abe's tough trade stance against South Korea, a Reuters poll found.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »