Tag: pasmo
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M-payments and e-money grow exponentially
1 Billion e-money transactions/month around 2014 Exponential growth: The number of e-cash payments per month increases by a factor of 10 about every 4 years E-money transactions (including mobile e-cash) grow exponentially in Japan, and we expect to see 1 Billion e-money transactions/month around 2014 (this figure would be much bigger if contactless train travel…
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Nanaco – e-cash and m-cash for Seven-Eleven
Seven-Eleven rolls out national electronic money and mobile payment system Retail chain AEON follows with WAON e-cash and mobile money This week two of Japan’s largest retail chains roll out electronic and mobile cash: Monday April 23rd, 2007 the Seven & I Holdings Group started “nanaco” and tomorrow, Friday April 27th, 2007, the AEON retail…
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PASMO: IC cards for transport
On Sunday, March 18, 2007, about 100 transportation companies in the Tokyo region switched to the near-field electronic money and payment system PASMO. Electronic money is a new battle field which JR-East pioneered with SUICA. Seven & I is still to throw it’s weight into the battle – read about today’s status of the electronic…
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NFC prepaid fare cards are Nikkei Marketing Journals most popular product of the year 2006
Annual Nikkei Marketing Journal (NMJ) ranking list of most successful products NFC prepaid fare cards ranked near the top of most popular products for 2006 Every year Nikkei Marketing Journal publishes a ranking list of the most successful products of the past year in the form Sumo wrestling results are traditionally displayed: there is a…
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PASMO: IC cards for transport
On March 18, 2007, more than 100 transportation companies (26 railway companies and 75 bus companies) – moving 30 million people of the Tokyo region – will switch to the IC card ticketing and e-cash system named “PASMO”. PASMO will interoperate and partially compete with SUICA. Preparations go back more than 20 years, when Japan’s…