Card Payments in Japan to Be More Convenient (News)
Tokyo, May 11 (Jiji Press)—Making payments with chip-embedded cards in Japan is expected to become easier for visitors from abroad as efforts have begun to introduce contactless payment systems that are globally common.
In the run-up to the Tokyo Olympics and Paralympics in 2020, McDonald's Holdings Co. (Japan) has decided to install contactless card readers at all its outlets, totaling some 2,900. The readers will be compatible with both the domestically common FeliCa technology-based cards and cards employing the so-called type A/B contactless payment system, which is mainstream in Europe and the United States.
The decision, announced in March, will make McDonald's Japan the country's first major chain to accept type A/B cards.
Unlike the conventional method of inserting cards into payment terminals, contactless payment systems allow users to pay for purchases simply by holding their cards close to the readers.
In Japan, most contactless cards employ the FeliCa technology developed by Sony Corp., including Suica of East Japan Railway Co. and Edy of cybermall operator Rakuten Inc., both prepaid e-money cards.[Copyright The Jiji Press, Ltd.]