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Japan’s e-cash brands unite to use single terminals

E-money point-of-sale terminals are becoming a very common sight in the stores and restaurants of Japan but there’s one significant problem barring their path to total acceptance — the lack of a standard.

That’s all about to change as NTT DoCoMo announced today that its iD cellphone credit system, JR East’s Suica, BitWallet’s Edy and JCB’s QuicPay e-cash solutions are about to start using a common read-write terminal.

All four systems are founded on a base of Sony’s Felica technology, so something similar has long been expected. Suica alone has more than 17 million users in the Tokyo area, so prospects are good for electronic cash really making it big when the new terminals arrive in January next year.

(Via NTT DoCoMo)

04:01 PM J Mark Lytle • Permalink
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• Hi

  I Like this article very informatiive. Keepit up.

  Regards
  margo
  

  Posted by Margo on 06/09/30 at 06:16 PM

• This is a big step forward for Japan.  Should help the transition from a cash based society to a credit economy.

  Posted by Jim Bisnett on 08/05/18 at 01:30 AM

• Japan is always ahead of the curve, very good article.

  Posted by Work Online on 08/05/22 at 12:27 AM