What's New in Payments

MUFG to use digital currency for mobile payments in Japan

MUFG digital currency finds second life as mobile payment — Nikkei Asian Review — “Users will convert funds from their bank accounts or elsewhere into the digital currency using a smartphone app. The service will use this currency in transactions, which will be handled through QR codes. Money sent via the app can be moved back into an account as cash, allowing for transfers between individuals.”


Transit Ticketing Today

JR East to pilot hands-free mobile ticketing

JR East eyes introduction of ‘walkthrough’ ticket gates — The Mainichi — “East Japan Railway Co is looking to introduce ‘walkthrough’ ticket gates at stations that will enable passengers to access gates via a specialized smartphone application. Under the envisaged system, millimeter waves will be emitted from an antenna placed on the ceiling above a gate that will open once data sent from the passenger’s smartphone application has been received.”







NFC World

Google rolls out NFC Titan Security Keys to Canada, France, Japan and UK

Titan Security Keys are now available in Canada, France, Japan, and the UK — Google — “Titan Security Keys are built with a hardware chip that includes firmware engineered by Google to verify the keys’ integrity. Each key leverages FIDO standards to cryptographically verify your identity and URL of the login page, preventing an attacker from accessing your account even if you are tricked into providing your username and password.”


What's New in Payments

Singtel expands mobile wallet alliance to Japan

Singtel’s Via mobile payment alliance debuts in Japan — Singtel — “Singtel’s Via, Asia’s first cross-border mobile payment alliance, has launched in Japan… The alliance which currently counts Singtel’s Dash and AIS Global Pay among its member mobile wallets enables tourists from Singapore and Thailand to shop and dine across Japan using QR code payments in their local currency at competitive exchange rates.


What's New in Payments

Visa sets out payments innovation plans for Tokyo 2020 Olympic Games

Visa sets sights on a ‘Cashless Japan’ with one year to go to the Olympic Games Tokyo 2020 — Visa — “At the Rio 2016 Olympic Games, Visa offered a payment-enabled ring to its Team Visa athletes. At the PyeongChang 2018 Olympic Winter Games, Visa commercially sold wearable products, such as gloves and lapel pins, enabled to make payments over contactless payment readers. For Tokyo 2020, Visa is exploring payment innovations ranging from biometric payment authentication and wearables to new mobile applications which will include digitally-issued cards.”


What's New in Payments

7-Eleven Japan halts QR payments rollout after hackers steal $500k in two days

Seven-Eleven mobile pay hack hits Japan’s drive to go cashless — Nikkei Asian Review — “Japan’s second-largest retail group by sales on Monday rolled out 7pay, which lets users make purchases with a smartphone app at Seven-Eleven Japan’s roughly 21,000 stores nationwide… By early Thursday, Seven & i had confirmed about 55 million yen ($510,000) stolen from 900 or so 7pay users. The company has in effect suspended the service by stopping users from adding money to their accounts.”


What's New in Payments

Japanese government to reward shoppers for using mobile payments

Hoping to boost spending, Japan tries to sell shoppers on cashless purchases — Reuters — “A scheduled increase in the sales tax to 10% from 8% in October could hurt spending. Aware of that risk, the government is betting big on mobile payments, an industry only just taking root in Japan. As soon as the tax increase kicks in, the government will offer points redeemable for future discounts to shoppers who use QR codes and other cashless payments.”


What's New in Payments

NTT Docomo celebrates 15th anniversary of world’s first mobile payment service

NTT Docomo celebrates Osaifu Keitai 15th anniversary — Ata Distance — “It all started today, July 1, 2004, when NTT Docomo launched the iMode FeliCa mobile wallet, called Osaifu Keitai in Japanese… To celebrate the anniversary Docomo has lined up a bunch of point campaigns for all the Osaifu Keitai payment networks: Mobile Suica, iD, QuicPay, Waon, Nanaco, Edy.”


NFC World

Japanese government to adopt iPhone NFC chip reading for citizen ID

iOS 13 NFC for Japanese Individual Number Cards — Ata Distance — “Individual Number Cards are supported by card readers that require a personal computer and additional software. NFC tag reading with a smartphone is much easier because it can work out of the box and an app. Android phones are supported but limited to select Aquos, Galaxy and Xperia smartphone models. iPhone NFC tag support in iOS 13 will considerably widen the user footprint.”


What's New in Payments

Alipay and WeChat Pay to support common QR code standard for Japan

Japan to unify mobile payment codes, enlisting Chinese giants — Nikkei Asian Review — “Line and Alibaba Group Holding are among five major internet businesses from Japan and China that will standardize QR codes that are scanned to make payments via smartphones in Japan, Nikkei has learned. The others joining this undertaking are online flea market operator Mercari and mobile carrier NTT Docomo from Japan and Tencent Holdings’ WeChat Pay from China.”






What's New in Payments

MUFG teams up with Akamai to launch blockchain payments network

MUFG and Akamai to launch Global Open Network Inc joint venture — Mitsubishi UFJ Financial Group — “The new company will utilize MUFG’s presence in the payment business and Akamai’s intelligent edge platform, which offers world-class speed and security, with the aim of providing an open payment network in Japan based on new blockchain technology by the first half of 2020.”


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