Growing Pains as Japan Embraces the Cashless Trend
It’s been said that cash is king, but in today’s economy that may not always be the case. The cashless trend is a global phenomenon, and while it has been relatively slow to develop in Japan, it has gained a lot of ground recently as new technologies become embedded in daily life. It’s important to know what this means, both for businesses and consumers. So what is “cashless,” anyway? Cashless refers to any method of paying for goods or services that does not involve paper money or coins. This means that any payment made by credit or debit cards, electronic transfers by bank account numbers or QR codes, and services…