DUBLIN–(BUSINESS WIRE)–The “Japan Cards & Payments: Opportunities and Risks to 2023” report has been added to ResearchAndMarkets.com’s offering.
This report provides detailed analysis of market trends in Japan’s cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, cards, credit transfers, and cheques during the review-period (2015-19e).
Japan’s payment landscape continues is dominated by cash, which accounted for 73.3% of the overall payment volume in 2019. With government initiatives to promote electronic transactions and a growing payment infrastructure, payment cards gained prominence during the review period (2015-19e). Meanwhile, card issuers and payment service providers are focusing on developing payment infrastructure via the expansion of the payment acceptance network. In addition, the market is witnessing new developments encompassing payment card security and convenient payment solutions, with card issuers and technology companies experimenting with advanced technologies such as blockchain and biometrics.
The outbreak of COVID-19 is also driving non-cash payments in the country. Overall consumer spending has been directly impacted, with the travel and tourism and food and drink sectors among the most affected. Major global events including the 2020 Olympic and Paralympic games have been postponed, resulting in significant losses and expected future losses for the economy in general, directly impacting payment industry revenues. Due to restrictions imposed as a result of the emergency, consumers are increasingly shifting from in-store to online purchases; e-commerce is one of the few industries that can expect an overall positive impact from COVID-19.
Scope of the report:
Key report benefits:
Key Topics Covered:
Payment Instruments
Appendix
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/smyjr2
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