Japan Stakes On QR Code Payment To Stimulate Spending

Japan government has advocated to creating a cashless society for a while, and some preliminary effect can be seen in Japanese daily life. Japan Boost the Cashless Payment

Fans of the Tohoku Rakuten Golden Eagles failed to use cash at the food and drink stall in the baseball season rolled out in Japan this spring as its subordinate company, Rakuten Inc. making a plan to promote its QR code mobile payment system. 

At the same time, food, beverage and merchandise sales at the Eagles stadium in Sendai raised 20 percent compare with the same period in 2018, partly due to changing spending habit from cash to QR mobile payment. 

In fact, QR code technology is originated from Japan although its QR code payment is not popular as China. Expert expected that once customers start to use it they will not see cash leaving their wallets and pay more attention to the satisfaction of purchase and further buy more. And this spending desire is crucial to Japan deflating economic.

In order to alleviate the spending effect caused by increasing consumption tax, Japan government is staking on mobile payment and intend to offer customers points redeemable for future discounts if they use QR codes and other forms of cashless payment for nine months.  

Government attitude towards QR code payment is beneficial for shop owners as it can effectively reduce the circulation of counterfeit money and save workforces in a way. Under such circumstance, a practical QR code is prominent.

Telpo QR code reader TPS508, small size contains powerful performance. It can be placed flexible as its small appearance and enables seamless connect 98% of the cashier system on the market, without any transformation, greatly reducing retailers’ input cost. Once the commodities are totally scanned, customers can show their electronic payment code in front of the reader to complete payment.

As the saying goes, if we can change how we pay, we certainly have ability to change society as a whole. The vigorously advocate and support of QR code payment will bring positive effect on Japan cashless process.

Tag: Japan, Rakuten, QR code payment, cashless, QR code reader TPS508

Related Articles：

7-eleven Mobile Payment System For Retailers

Tokyo Olympics Plans to Forge Cashless Payment Environment

Brief Introduction: Telpo is a professional smart payment partner who focuses on ODM service 20 years. It mainly provides the EFT POS, cash registers, biometric device, face recognition machines, self-service kiosks and bus validators. Telpo has served for more than 1000 customers abroad, including government, banks, Telecom operators, police station, Retail shops and office. Telpo adheres to R&D and innovation, aiming to provide more intelligent hardware for global partners.