Fijitsu Japanese IT giant to be held a field trial of person-to-person i.e., P2P money transfer between individuals from Japan’s three ‘megabank’.
In terms of likes, Japan is lagging behind South Korea and China in digital payments. Comparatively, with 50% of china and Korean society, 19% of Japanese has gone cashless. Besides, this difference the Japanese government establishes a FinTech growth approach. It aims to double the adoption rate of digital payments to 40%.
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