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Despite Japan being a heavily cash-based economy, e-commerce has created significant opportunities for banks and mobile wallet providers.
March 31 -
The country's banks and fintechs are still new to working together, giving Railsbank a chance to become a key player in open banking.
March 25 -
The State Department has added 14 Chinese lawmakers, including a member of the Communist Party’s ruling Politburo, to a blacklist under the Hong Kong Autonomy Act. Banks face sanctions if they do business with them.
March 17 -
Rakuten Inc. plans to raise 242 billion yen ($2.2 billion) by selling shares to investors including Tencent Holdings Ltd., Walmart Inc. and Japan Post Holdings Co., bankrolling expansions into AI, finance and mobile.
March 12 -
A government-backed digital transaction system will soon have private sector rivals, who will have an inside track to returns on massive investments.
March 5 -
The retailer combines WeChat, digital checkout and coupons to reach a wider market, says Azoya's Franklin Chu.
February 24Azoya International -
Twelve banks joined the Tencent financing deal, which initially had a $6 billion size.
February 19 -
Japan has long been known for its heavy use of cash, which is a burden for banks that are trying to move more services online. Maintaining ATMs alone costs about 700 billion yen ($6.6 billion) annually and another 100 billion yen is spent handling cash at branch counters, Nomura Research Institute estimates.
February 18 -
Despite a culture of innovation, cash is still king in Japan. That paradox gives Japan a chance to leap ahead of other countries in payment innovation, says Fime's Takahide Kadoyama.
February 17Fime -
Chinese e-commerce giant JD.com Inc. said it plans to spin off its JD Logistics shipping business in a listing on the Hong Kong Stock Exchange.
February 16