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Tokyo Olympics look set to transform payments in Japan
- Wednesday | 4th December, 2019
Japan as a country is ripe for change when it comes to how its population makes payments. The lack of need to embrace digital payments had long been the bottleneck. The Olympics has a proven track record as a large scale trial run and promotional venue for digital payment systems. Once an efficient and ubiquitous payment infrastructure is in place, the Tokyo Olympics has potential to leave a lasting impression and the necessary tools to drive digital payments adoption in Japan. The government’s 2025 target to raise digital payments in Japan to 40% of all payment transactions might not be a farfetched idea.
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